Question
Retained Earnigns Statement; Net Loss Selected accounts from the ledger of Balboa Sports for the fiscal year ended June 30, 2016, are as follows: Retained
Retained Earnigns Statement; Net Loss
Selected accounts from the ledger of Balboa Sports for the fiscal year ended June 30, 2016, are as follows:
| Retained Earnings | Dividends | |||||||
|---|---|---|---|---|---|---|---|---|
| June 30 | 7,600 | July 1 (2015) | 451,900 | Sept. 30 | 1,900 | June 30 | 7,600 | |
| June 30 | 61,400 | Dec. 31 | 1,900 | |||||
| May 31 | 1,900 | |||||||
| June 30 | 1,900 | |||||||
| Income Summary | |||
|---|---|---|---|
| June 30 | 973,200 | June 30 | 911,800 |
| June 30 | 61,400 | ||
Prepare a retained earnings statement for the year.
| Balboa Sports | ||
| Retained Earnings Statement | ||
| For the Year Ended June 30, 2016 | ||
| $ | ||
| $ | ||
| $ | ||
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
