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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 |
(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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