Prepare a retained earnings statement. Cash $32,000 Accounts Receivable 1,200 Accounts Payable 3,000 Allowance for Doubtful accounts
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Question:
Prepare a retained earnings statement.
- Cash $32,000
- Accounts Receivable 1,200
- Accounts Payable 3,000
- Allowance for Doubtful accounts 200
- Common Stock 25,000
- Cost of Goods Sold 23,000
- Retained Earnings 3,700
- Interest Revenue 1,000
- Sales Revenue 53,000
- Wages Expense 1,000
- Rent Expense 1,500
- Dividends 700
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