Question 3 of 7 > 1.99/4 Prepare a retained earnings statement for the year ended June 30, 2020. (List items that increase adjusted retained earnings first.) ORIOLE CORPORATION Retained Earnings Statement $ 87'F AQI 54 A6 at O Search E 1.99/4 $ $ e Textbook and Media List of Accounts Attempts: 0 of 5 used Submit Answer Save for Later (9) A 87'F AQI 54 5 7 O II E Question 3 of 7 1.99/4 E The following account balances were included in the trial balance of Oriole Corporation at June 30, 2020. Sales revenue 1.579,860 Depreciation expense (office furniture and equipment) 31,690 897.100 Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) 56,690 98.950 Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense 31,900 23,150 Delivery expense 15.110 Entertainment expense 9.080 Income tax expense Telephone and Internet expense (sales) 5,069 Depreciation understatement due to error-2017 (net of tax) 6,440 Dividends declared on preferred stock Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used 5,045 Dividends declared on common stock 3,368 3,097 Telephone and Internet expense (administration) B 40 87F AQI 54 O .. . here to search Poup Pgon End Home Prisch 1.99/4 Entertainment expense 15.110 Tnterest expense 9,080 Income tax expense 5.069 Depreciation understatement due to error-2017 net of tax 6,440 Telephone and internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used Telephone and Internet expense (administration) Dividends declared on preferred stock Dividends declared on common stock 5,045 3.368 3.097 The Retained Earnings account had a balance of $ 364,510 at July 1, 2019. There are 83,970 shares of common stock outstanding (a1) Your Answer Correct Answer (Used) nces were included in the trial balance of Oriole Corporation at June 30, 2020. 1,579,860 Depreciation expense office furniture and equipment) 6,762 31,690 6,843 Property tax expense Bad debt expense (selling) 897.100 4,503 56,690 Maintenance and repairs expense (administration) 8,281 98,950 Office expense 5,980 31,900 Sales returns and allowances 63,694 23,150 Dividends received 39,910 15.110 Interest expense 16,440 les) 9,080 Income tax expense 98,290 ent) 5,069 17.004 Depreciation understatement due to error-2017 (net of tax) ales) 9,210 6,440 Dividends declared on preferred stock 5,045 38,360 Dividends declared on common stock 3,368 ministration) 3,097 6:51 PM 9/12/2021 87F AQI 54
