summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calend year-end. 12/31 Common Stock 8,500 1/1 12/31 6,500 15,000 Retained Earnings 3,500 12/31 5,000 6/30 11/30 15,000 12/31 12/31 Income Summary 18,500 12/31 15,000 33,500 Net income for the period is $13,000 $15,000 $18,500 $33,500 Previous Next