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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
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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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.

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