Question: Prepare a retained earnings statement (List items that increase retained earnings first) SHERIDAN DEPARTMENT STORE Retained Earnings Statement November 30, 2022 Retained Earnings December 1,


Prepare a retained earnings statement (List items that increase retained earnings first) SHERIDAN DEPARTMENT STORE Retained Earnings Statement November 30, 2022 Retained Earnings December 1, 2021 AH Net Income Locs) Dividends Retalved Earnings, November 30, 2022 $ e Textbook and Media Assistance Used List of Accounts Suve for Later Attempts: O of Jused Sutt Rusner 123) Sheridan Department Store is located in midtown Metropolis. During the past several years.net Income has been declining because Suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2022. these accounts appeared in its adjusted trial balance. Accounts Payable Account Receivable Accumulated Depreciation Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gainon Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense $ 29,000 18.300 74,800 8.800 38.500 670.680 6.990 175.030 15.100 13.200 21200 11.000 9.900 5.500 28,700 147.850 6,600 36.850 37.400 15,500 130.600 904,000 6.000 22.000 11.300 Additional data Notes payable are due in 2026. fa 1
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