Magical Experiences Vacation Company has the following data available: Dividends, 2009 ...........$ 12,200 Dividends, 2010 ........... 18,900

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Magical Experiences Vacation Company has the following data available:

Dividends, 2009 ...........$ 12,200

Dividends, 2010 ........... 18,900

Expenses, 2009 ............. 185,300

Expenses, 2010 ............. 310,600

Retained earnings, 12/31/2008 ....... 47,100

Revenues, 2009 ............ 242,900

Revenues, 2010 ............ 391,400

Required:

Prepare statements of retained earnings for 2009 and 2010.

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Cornerstones of Financial and Managerial Accounting

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Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 02:46 AM

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Magical Experiences Vacation Company has the following data available: Dividends, 2009 ...........$ 12,200 Dividends, 2010 ........... 18,900

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Cornerstones of Financial and Managerial Accounting

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