Retained Earnings Statement

Version 1 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Real Fake Doors Company } \\ \hline \multicolumn{3}{|l|}{ Trial Balance } \\ \hline \multicolumn{3}{|c|}{ December 31,2023} \\ \hline & Debit & Credit \\ \hline Cash & 100,000 & \\ \hline Accounts receivable & 86,300 & \\ \hline Allowance for doubtful accounts & & 4,000 \\ \hline Inventory & 20,600 & \\ \hline Prepaid insurance & 3,500 & \\ \hline Stock investments ** & 40,000 & \\ \hline Building & 1,200,000 & \\ \hline Accumulated depreciation-Building & & 560,000 \\ \hline Patent & 12,000 & \\ \hline Copyright & 18,000 & \\ \hline Accounts payable & & 75,800 \\ \hline Unearned sales revenue & & 6,300 \\ \hline Notes payable* & & 50,000 \\ \hline Bonds payable ( 10 year) & & 300,000 \\ \hline Discount on Bonds Payable & 20,000 & \\ \hline Common Stock & & 8,000 \\ \hline Paid-in capital in excess of par-Common Stock & & 42,000 \\ \hline Treasury Stock & 11,000 & \\ \hline Retained Earnings & & 293,900 \\ \hline Dividends & 20,000 & \\ \hline Sales revenue & & 1,150,000 \\ \hline Sales discounts & 56,000 & \\ \hline Cost of Goods Sold & 460,000 & \\ \hline Wages expense & 360,000 & \\ \hline Depreciation expense & 50,000 & \\ \hline Amortization expense & 3,900 & \\ \hline Loss on disposal of fixed assets & 5,000 & \\ \hline Interest expense & 17,500 & \\ \hline Freight-out & 6,200 & \\ \hline & 2,490,000 & 2,490,000 \\ \hline \begin{tabular}{l} *Notes payable, $11,000 is due within one ye \\ one year. \end{tabular} & re remain & ue beyond \\ \hline \end{tabular} Statement of Retained Earnings