Solution-Prepare a retained earnings statement

Prepare a retained earnings statement

Reference no: EM132451467

Problem - Partial adjusted trial balance for Ravine Corporation at December 31, 2014, includes the following accounts: Retained Earnings $17,200; Dividends $6,000; Service Revenue $32,000; Salaries and Wages Expense $14,000; Insurance Expense $1,800; Rent Expense $3,900; Supplies Expense $1,500; and Depreciation Expense $1,000. The balance in Retained Earnings is the balance as of January 1.

Prepare a retained earnings statement for the year assuming net income is $10,400.

Reference no: EM132451467

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Prepare a retained earnings statement

Reference no: EM132451467

Reference no: EM132451467

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