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Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [ LO 1 - 2 , LO 1 - 3 ] [ The
Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements LO
LO
The following information applies to the questions displayed below.
EZ Fitness, Incorporated, reported the following information for the sixmonth period ended June Items are listec alphabetically and are in thousands of dollars.
Accounts Payable
Accounts Receivable
Advertising Expense
Cash January
Cash June
Common Stock
Dividends
Equipment
Income Tax Expense
Inventory.
Notes Payable
Office Expense
Operating Expenses
Retained Earnings January
Sales Revenue
Supplies
$
Other cash flow information:
Cash received from issuing common stock
Cash paid to purchase equipment
Cash paid to suppliers and employees
Cash received from customers
Cash received from sale of longterm assets
Dividends paid to stockholders
$
CPAlgo Part
Prepare a statement of retained earnings for the six months ended June Enter your answers in thousands.
tableEZ FITNESS, IncorporatedStatement of Retained EarningsFor the Six Months Ended June in thousandsRetained Earnings, January Add: Net Income,Less: Dividends,
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