Retained earnings statement Climate control system co. offers its services to residents in the spokane area. selected accounts from the ledger of climate control systems for the fiscal year ended december 31,2018 are as follows: Retained Earnings Dec.31 160,000 Jan.1(2018) Dec.31 4150800 700 000 Dividends Mar.31 June 30 sep 30dec 31 40000 40000 40000 40000 Dec 31 160000 Income Summary Dec 31 4,530,000 Dec 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.
Retained earnings statement Climate control system co. offers its services to residents in the spokane area. selected accounts from the ledger of climate control systems for the fiscal year ended december 31,2018 are as follows: Retained Earnings Dec.31 160,000 Jan.1(2018) Dec.31 4150800 700 000 Dividends Mar.31 June 30 sep 30dec 31 40000 40000 40000 40000 Dec 31 160000 Income Summary Dec 31 4,530,000 Dec 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter3: Accrual Accounting
Section: Chapter Questions
Problem 34BE: Brief Exercise 3-34 Preparing a Retained Earnings Statement Refer to the information presented in...
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Climate control system co. offers its services to residents in the spokane area. selected accounts from the ledger of climate
Retained Earnings |
Dec.31 | 160,000 | Jan.1(2018) Dec.31 |
4150800 700 000 |
Dividends |
Mar.31 June 30 sep 30dec 31 |
40000 40000 40000 40000 |
Dec 31 | 160000 |
Income Summary |
Dec 31 | 4,530,000 | Dec 31 | 5,230,000 |
31 | 700,000 |
Prepare a retained earnings statement for the year.
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