Presented below is information related to Williams and Douglas, Attorneys at Law Ltd. Retained earnings, January 1,
Question:
Retained earnings, January 1, 2017......................£ 23,000
Legal service revenue-2017..............................340,000
Total expenses-2017......................................211,000
Assets, January 1, 2017......................................85,000
Liabilities, January 1, 2017.................................62,000
Assets, December 31, 2017................................168,000
Liabilities, December 31, 2017.............................80,000
Dividends-2017.............................................64,000
Instructions
Prepare the 2017 retained earnings statement for Williams and Douglas, Attorneys at
Law Ltd.
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Related Book For 
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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