As of January 01, 2021, PT Sukses has an initial retained earnings balance of $850,000. Transactions that occurred during 2021 include:
• A $90,000 cash dividend was declared for shareholders.

1. • Correction of the overstatement in 2020 net income due to a depreciation error of $100,000.
2. • 2021 net income of $350,000
3. • A $10,000 share dividend was announced for shareholders.
4. 
   
5. Make a PT Sukses Retained Earning Statement for December 31, 2021!

Answer rating: 100% (QA)

PT Sukses Retained Earnings Statement for December 31 2021 Initi... View the full answer