Selected accounts of Guitars by Peter, Inc., for the year ended December 31, 2012, follow: Requirement 1.
Question:
Requirement
1. Prepare the companys statement of retained earnings for theyear.
Transcribed Image Text:
Retained carnings Income summary Dividends 31,000 Jan 1 152,000 100,000 Clo 220,000 Mar 31 10,000 Jun 30 7,000 Sep 30 8,000 Dec 31 6,000 31,000 Clo Clo Clo Clo 120,000 Bal 120,000 Bal 241,000 31,000 Bal
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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