Prepare a statement of retained earnings . State the reason for the Mrs S is restraining from making a withdrawal.

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Emerson Real Estate Appralsal Adjusted Trial Balance June 30, 2016 Balance Account Title Debit Credit Cash %24 4,200 Accounts Recelvable 5,500 Office Supplies 2,300 Prepaid Insurance 2,000 Building 73,000 Accumulated Depreciation-Bullding $ 25,300 Land 13,400 Accounts Payable 19,500 Interest Payable 8,500 Salaries Payable 1,600 Uneamed Revenue 4,300 Notes Payable (long-term) 35,000 Emerson, Capital 41,500 Emerson, Withdrawals 27,600 Service Revenue 48,200 Insurance Expense 4,400 Salaries Expense 32,600 Supplies Expense 700 Interest Expense 8,500 Utilities Expense 2,400 Depreciation Expense-Building 7.300 Total 183,900 $ 183,900 41.500

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Chapter 1, Problem 10EA

To determine

Prepare a statement of retained earnings. State the reason for the Mrs S is restraining from making a withdrawal.

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Emerson Real Estate Appralsal Adjusted Trial Balance June 30, 2016 Balance Account Title Debit Credit Cash %24 4,200 Accounts Recelvable 5,500 Office Supplies 2,300 Prepaid Insurance 2,000 Building 73,000 Accumulated Depreciation-Bullding $ 25,300 Land 13,400 Accounts Payable 19,500 Interest Payable 8,500 Salaries Payable 1,600 Uneamed Revenue 4,300 Notes Payable (long-term) 35,000 Emerson, Capital 41,500 Emerson, Withdrawals 27,600 Service Revenue 48,200 Insurance Expense 4,400 Salaries Expense 32,600 Supplies Expense 700 Interest Expense 8,500 Utilities Expense 2,400 Depreciation Expense-Building 7.300 Total 183,900 $ 183,900 41.500

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