Stockholders' Equity Assets Accounts Receivable Supplies Liabilities Accounts Payable Cash +20,000 Equipment Common Stock 420,000 Retained Earnings (a) (b) (e) +965 +6,500 --965 Utilities expense +6,500 Service revenue (d) -7,250 -2.980 +11,850 le) +2,900 Service revenue F) (9) -680 -680 -3,450 (h) ) 132 --), 450 -3.160 -830 +1,950 10,240 -3,160 Wage expense -830 Ront expense 1950 4.550 680 12,850 2.795 20,000 4,525 2-b. Prepare a statement of retained earnings for July 31. NEPCO Statement of Retained Earning Retained Earnings, July 1 Retained Earrings July 31