Question
Sodexo Corporation provides food services to universities. Its account balances are provided below in alphabetical order for the month ended July 31, 2018. Sodexo's Retained
Sodexo Corporation provides food services to universities. Its account balances are provided below in alphabetical order for the month ended July 31, 2018. Sodexo's Retained Earnings account balance represents the balance as of June 30, 2017. All other account balances are as of July 31, 2018.
Accounts Payable 3,100
Accounts Receivable 1,400
Buildings 22,000
Cash 15,600
Commission Revenue 12,700
Common Stock 20,000
Dividends 8,000
Insurance Expense 2,200
Land 35,000
Notes Payable, due 2020 3,300
Rent Expense 2,400
Retained Earnings, June 30, 2017 57,000
Salaries Expense 10,000
Supplies Expense 400
REQUIRED: Prepare the following financial statements for the period ending July 31, 2018 using proper format: Statement of Retained Earnings
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