Using the income statement for Dynasty Travel Service shown in Practice Exercise 1-1A, prepare a retained earnings
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Using the income statement for Dynasty Travel Service shown in Practice Exercise 1-1A, prepare a retained earnings statement for the current year ended June 30, 2012. Nancy Coleman, the owner, invested an additional $60,000 in the business in exchange fur capital stock during the year and cash dividends of $36,000 were paid during the year Retained earning’ as July 1, 2011, was $175,000.
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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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