War Eagle Company's retained earnings on January 1 is $245,800. The following information is available for the

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War Eagle Company's retained earnings on January 1 is $245,800. The following information is available for the first two months of the year:

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Prepare a statement of retained earnings for the month ending February 28.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 01:08 AM

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War Eagle Company's retained earnings on January 1 is $245,800. The following information is available for the

Question:

Revenues Expenses Dividends January $80,000 85,000 February $102,000 80,000 7,000

Step by Step Answer:

First calculate ending retained earnings at January 31 which is equal to beginning retained ...View the full answer

Financial ACCT2

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