Magical Experiences Vacation Company has the following data available: Dividends, 2009 ...........$ 12,200 Dividends, 2010 ........... 18,900
Question:
Magical Experiences Vacation Company has the following data available:
Dividends, 2009 ...........$ 12,200
Dividends, 2010 ........... 18,900
Expenses, 2009 ............. 185,300
Expenses, 2010 ............. 310,600
Retained earnings, 12/31/2008 ....... 47,100
Revenues, 2009 ............ 242,900
Revenues, 2010 ............ 391,400
Required:
Prepare statements of retained earnings for 2009 and 2010.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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