These financial statement items are for Pronghorn Company at year-end, July 31, 2022. Salaries and wages...

 

 

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These financial statement items are for Pronghorn Company at year-end, July 31, 2022. Salaries and wages payable $2,100 Notes payable (long-term) Salaries and wages expense 51,000 Cash Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock 22,400 29,200 4,800 62,300 8,300 27,900 Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,700 13,100 10,300 5,500 2,500 4,300 20,200 Required Prepare a retained earnings statement for the year and a classified balance sheet These financial statement items are for Pronghorn Company at year-end, July 31, 2022. Salaries and wages payable $2,100 Notes payable (long-term) Salaries and wages expense 51,000 Cash Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock 22,400 29,200 4,800 62,300 8,300 27,900 Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,700 13,100 10,300 5,500 2,500 4,300 20,200 Required Prepare a retained earnings statement for the year and a classified balance sheet

Answer rating: 100% (QA)

SOLUTION Retained Earnings Statement for the Year Ended July 31 2022 Retained Earnings Beginnin... View the full answer