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The follc owing is the trial balance of Zolegowski Ltd. at November 30, 2013: DR CR Accounts Payable 25,000 Accounts Receivable 87,000 Accumulated Amortization -
The follc owing is the trial balance of Zolegowski Ltd. at November 30, 2013: DR CR Accounts Payable 25,000 Accounts Receivable 87,000 Accumulated Amortization - Video Equipment 40,000 Amortization Expense - Video Equipment 20,000 Cash 65,000 Common shares (10,000 shares) 90,000 Dividends Goodwill 20,000 45,000 Income Tax Expense 17,000 Insurance Expense 5,000 Note Payable 70,000 Prepaid Insurance 19,000 Retained Earnings (beginning) 12,000 Salaries Expense 55,000 Salaries Payable 3,000 Services Revenue 243,000 Supplies 17,000 Supplies Expense 5,000 Utilities Expense Video Equipment TOTAL 28,000 100,000 483,000 483,000 Revenue Sales 243,000 Cogs GP 243,000 Operating expense Insurance Amortization 5000 20,000 Income tax 17,000 Salary 55,000 Supplies exp. 5000 Utility exp. 28,000 130,000 NP 113,000 Prepare a Statement of Retained Earnings for the business in good form
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