Required information:

[The following information applies to the questions displayed below.]

As of December 31 of the current year, Armani Company's records show the following.

Cash	$ 12,000
Accounts receivable	11,000
Supplies	8,000
Equipment	7,000
Accounts payable	15,000
Common stock	16,000
Retained earnings, December 31, prior year	5,000
Retained earnings, December 31, current year	7,000
Dividends	15,000
Consulting revenue	37,000
Rental revenue	26,000
Salaries expense	22,000
Rent expense	14,000
Selling and administrative expenses	10,000

Required:

Prepare the statement of retained earnings for Armani Company for the current year ended December 31.

 

 

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Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, December 31, prior year Retained earnings, December 31, current year Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 12,000 11,000 8,000 7,000 15,000 16,000 5,000 7,000 15,000 37,000 26,000 22,000 14,000 10,000 Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31. Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, December 31, prior year Retained earnings, December 31, current year Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 12,000 11,000 8,000 7,000 15,000 16,000 5,000 7,000 15,000 37,000 26,000 22,000 14,000 10,000 Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31.