This is the second time I am asking for help for the following. The first answer I received was not thorough or detailed enough to explain each transaction that needed to be taken and what that transaction/method was. Also there were tons of typos, which made it even more difficult to make sense of the answer I was given. Your thoroughness and a tad better typing skills than the first individual to answer my question would be great!!
1) Revenues for 2008= $8,000
Dividends declared 2008= $1,000
Expenses 2008= $3,000
January 1 Retained Earnings= $5,000
December 31 Retained Earnings= Unknown
2) Revenues for 2008= $3,000
Dividends for 2008= $2,000
Expenses for 2008= $1,000
1/1 Retained Earnings= unknown
12/31 Retained Earnings= $6,000
3) Revenue 2008= $5,000
Dividends 2008= Unknown
Expenses 2008= $1,000
1/1 Retained Earnings $8,000
1231Retained Earnings $3,000
4) Revenue 2008= $6,000
Dividends 2008=0
Expenses 2008= Unknown
1/1 Retained Earnings= $12,000
12/31 Retained Earnings= $8,000
5) Revenue 2008= Unknown
Dividends 2008= $3,000
Expenses 2008= $6,000
1/1 Retained Earnings= $8,000
12/31 Retained Earnings= $9,000
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