How do i find the retained earnings what is the formula to

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Reference no: EM13480853

How do i find the retained earnings? What is the formula to find retained earnings? What is the retained earnings?

Accounts payable $ 5,000 Notes payable $ 7,000

Accounts receivable 2,000 Rent expense 10,000

Advertising expense 4,000 Retained earnings?

Cash 3,100 Service revenue 25,000

Common stock 15,000 Supplies 1,900

Dividends 2,500 Supplies expense 1,700

Equipment 26,800 Net Income 9,300

Reference no: EM13480853

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