Trumpet and Trombone Manufacturing, Inc. prepares financial statements for the year just ended 9/30/2022. The company's...
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Trumpet and Trombone Manufacturing, Inc. prepares financial statements for the year just ended 9/30/2022. The company's general ledger and other financial reports show the following balances. Prepare its retained earnings statement and Stockholders Equity Statement Cash Common Stock Accounts Receivable Accounts Payable Cash dividends declared for the year Additional Paid in capital Prepaid insurance Uneamed revenue Retained eamings, beginning of the year Net income for the year $18,000 $16.000 $19,000 $11,000 $12.000 $17,000 $15,000 $14,000 $26,000 $39,000 A1 =====PARAZRRRRRR=22* 14 15 16 10 20 21 24 25 20 23 Stockholders Equity Statement 211 29 30 31 32 33 525 34 100% LO 14.4 Retained Earnings Statement 3t 123 Arial B $0 $0 * C 1 11 + D B I + < E---- A1 28=2#** 29 30 31 33 34 35 36 37 Cash 42 43 44 38 Common Stock 30 Accounts Receivable 40 Accounts Payable Cash dividends declared for the year Additional Paid in capital Prepaid insurance Unear ed revenue Retained earnings, beginning of the year Net income for the year Retained earnings, end of the year Stockholders Equity, end of the year 45 46 4T 4 48 49 50 51 LO 144 A B C D E--MA - 00 B 7-1 Trumpet and Trombone Manufacturing, Inc. prepares financial statements for the year just ended 9/30/2022. The company's general ledger and other financial reports show the following balances. Prepare its retained earnings statement and Stockholders Equity Statement Cash Common Stock Accounts Receivable Accounts Payable Cash dividends declared for the year Additional Paid in capital Prepaid insurance Uneamed revenue Retained eamings, beginning of the year Net income for the year $18,000 $16.000 $19,000 $11,000 $12.000 $17,000 $15,000 $14,000 $26,000 $39,000 A1 =====PARAZRRRRRR=22* 14 15 16 10 20 21 24 25 20 23 Stockholders Equity Statement 211 29 30 31 32 33 525 34 100% LO 14.4 Retained Earnings Statement 3t 123 Arial B $0 $0 * C 1 11 + D B I + < E---- A1 28=2#** 29 30 31 33 34 35 36 37 Cash 42 43 44 38 Common Stock 30 Accounts Receivable 40 Accounts Payable Cash dividends declared for the year Additional Paid in capital Prepaid insurance Unear ed revenue Retained earnings, beginning of the year Net income for the year Retained earnings, end of the year Stockholders Equity, end of the year 45 46 4T 4 48 49 50 51 LO 144 A B C D E--MA - 00 B 7-1
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Trumpet and Trombone Manufacturing Inc Retained Earnings Statement For the Year ending ... View the full answer
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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