Business, 08.01.2020 00:31 trujillo03

The account balances and income statement of winfrey towing service on june 30, 2018, follow:

equipment $18,250 service revinue $10,800
office supplies 1,400 account receivable 8,400
notes payable 5,000 accounts payable 11,000
rent expense 550 retined earnings, june 1, 2018, 3,900
cash 2,200 salries expense 1,900
dividends 4,000 common stock 6,000
requirements:

1. prepare the statement of retained earnings for winfrey towing service for the month ending june 30, 2018.

2. what does the statement of a retained earnings report?

Answers: 3

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The account balances and income statement of winfrey towing service on june 30, 2018, follow:
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