answer a and b $($a$)$

Prepare the entry for the prior period adjustment. $($Credit account titles are automatically indented when the amount is entered. Do not

indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before

credit entries.$)$

Account Titles and Explanation

Debit

Credit Prepare the retained earnings statement for $2020.$

Metlock Corporation

Retained Earnings Statement

$