Wells Research Service, Inc., (WRSI) ended 2011 with retained earnings of $73,000. During 2012, WRSI earned net
Question:
Requirement
1. Prepare WRSI’s statement of retained earnings for the year ended December 31, 2012, to report the prior-period adjustment.
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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