Use the information in Exercise 2-13 to prepare an August statement of retained earnings for Help Today.

Question:

Use the information in Exercise 2-13 to prepare an August statement of retained earnings for Help Today. (The owner invested a total of $102,000 in the company in exchange for common stock on August 1.)

Information From Exercise 2-13

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...