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The following information is for Abby's Bed and Breakfast: (Click the icon to view the information.) Requirements 1. Calculate the retained earnings balance for the
The following information is for Abby's Bed and Breakfast: (Click the icon to view the information.) Requirements 1. Calculate the retained earnings balance for the three months ended April 30, 2011, for Abby's Bed and Breakfast. 2. Show the retained earnings portion of the statement of changes in shareholders' equity for the period. Requirement 1. Calculate the retained earnings balance for the three months ended April 30, 2011, for Abby's Bed and Breakfast. The retained eamings balance on April 30, 2011 is - Requirement 2. Show the retained earnings portion of the statement of changes in shareholders' equity for the period. (Use parentheses or a minus sign for numbers to be subtracted.) Abby's Bed and Breakfast Statement of Retained Earnings For the Quarter Ended April 30, 2011 i More Info a. Retained earnings on February 1, 2011, were $170,000. b. In February, revenues were $31,000 and expenses were $70,000. c. In March, revenues were $89,000 and expenses were $73,000. d. In April, revenues were $72,000 and expenses were $55,000. e. The only dividends paid were in April for $1,500. Print Done Choose from any list or enter any number in the input fields and then continue to the next
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