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These financial statement items are for Fairview Corporation at year-end, July 31, 2017. Salaries and wages payable $ 2,080 Salaries and wages expense 57,500 Supplies

These financial statement items are for Fairview Corporation at year-end, July 31, 2017.

Salaries and wages payable $ 2,080
Salaries and wages expense 57,500
Supplies expense 15,600
Equipment 18,500
Accounts payable 4,100
Service revenue 66,100
Rent revenue 8,500
Notes payable (due in 2020) 1,800
Common stock 16,000
Cash 29,200
Accounts receivable 9,780
Accumulated depreciationequipment 6,000
Dividends 4,000
Depreciation expense 4,000
Retained earnings (beginning of the year) 34,000

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(a2) Prepare a retained earnings statement for the year. Fairview Corporation did not issue any new stock during the year. Fairview Corporation Retained Earnings Statement For the Year Ended July 31, 2017 Retained Earnings, August 1, 2016 GA Add : $ Less V eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit

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