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Retained Earnings 160,000 Dividends Jan. 1 (2018) 4,150,800 Dec. 31 Dec. 31 Mar. 31 40,000 Dec. 31 160,000 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Income Summary Dec. 31 4,530,000 Dec. 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.

Retained Earnings 160,000 Dividends Jan. 1 (2018) 4,150,800 Dec. 31 Dec. 31 Mar. 31 40,000 Dec. 31 160,000 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Income Summary Dec. 31 4,530,000 Dec. 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...
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Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31,
2018, are as follows:

Retained Earnings 160,000 Dividends Jan. 1 (2018) 4,150,800 Dec. 31 Dec. 31 Mar. 31 40,000 Dec. 31 160,000 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Income Summary Dec. 31 4,530,000 Dec. 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.
Transcribed Image Text:Retained Earnings 160,000 Dividends Jan. 1 (2018) 4,150,800 Dec. 31 Dec. 31 Mar. 31 40,000 Dec. 31 160,000 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Income Summary Dec. 31 4,530,000 Dec. 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.
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