Preparing the statement of retained earnings Prepare the statement of retained earnings of Decorating Arrangements for the

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Preparing the statement of retained earnings Prepare the statement of retained earnings of Decorating Arrangements for the year ended December 31, 2016.
Insurance Expense....... $ 2,000
Service Revenue....... 80,000
Utilities Expense....... 500
Rent Expense....... 11,000
Common Stock....... 8,500
Cash.............. 7,000
Retained Earnings, Jan. 1, 2016 .... 4,800
Salaries Expense.......$ 37,000
Accounts Payable....... 4,300
Office Supplies....... 1,500
Dividends....... 4,500
Accounts Receivable....... 7,500
Equipment....... 26,600
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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