Question
Seismic Inc. reported the following results for the year ended June 30, 2015: Retained earnings, July 1, 2014 Net income Cash dividends declared Stock
Seismic Inc. reported the following results for the year ended June 30, 2015: Retained earnings, July 1, 2014 Net income Cash dividends declared Stock dividends declared Required: $3,885,000 720,400 99,500 49,500 Prepare a retained earnings statement for the fiscal year ended June 30, 2015. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. A decrease to retained earnings should be entered as a negative amount.
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