Fouts Systems Co. offers its services to residents in the Chicago area. Selected accounts from the ledger

Question:

Fouts Systems Co. offers its services to residents in the Chicago area. Selected accounts from the ledger of Fouts Systems Co. for the current fiscal year ended October 31, 2012, are as follows:

Prepare a retained earnings statement for the year.

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Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

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Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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Question Posted: Nov 10, 2018 12:04 PM

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Fouts Systems Co. offers its services to residents in the Chicago area. Selected accounts from the ledger

Question:

Retained Earnings 20,000 Nov. 1 (2011) 550,000 Dividends Oct. 31 Jan. 31 5,000 Oct. 31 20,000 Oct. 31 Apr. 30 July 31 Oct. 31 105,000 5,000 5,000 5,000 Income Summary Oct. 31 Oct. 31 375,000 480,000 31 105,000

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