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Urgent help on accounting homework please? The Galaxy Company had net income during 20X4 of $36,000. During the year, dividends of $25,000 were declared, of
Urgent help on accounting homework please?
The Galaxy Company had net income during 20X4 of $36,000. During the year, dividends of $25,000 were declared, of which $21,000 had been paid as of year end. As of the beginning of 20X4, the Paid-in Capital account had a balance of $38,000 and the Retained Earnings account had a balance of $57,000. Prepare a Statement of Retained Earnings for the Galaxy Company for the year ended December 31, 20X4
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