How do you make a Statement of Retained Earnings? POST COMPANYADJUSTED TRIAL BALANCE Debit Credit Cash 80,000 Accounts Receivable 12,000 Prepaid Insurance 2,000 Equipment 4,000 Accumulated Depreciation 100 Supplies 400 Accounts Payable 800 Wages Payable 200 200 Unearned Revenue 1,200 Contributed Capital 82,400 Retained Earnings 0 Sales 16,000 Gas Expense 200 Supply Expense 400 Insurance Expense 400 Depreciation Expense 100 Wage Expense 200 Dividends 1,000 100,700 100,700
How do you make a Statement of
POST COMPANYADJUSTED
Debit Credit
Cash 80,000
Prepaid Insurance 2,000
Equipment 4,000
Supplies 400
Accounts Payable 800
Wages Payable 200 200
Unearned Revenue 1,200
Contributed Capital 82,400
Retained Earnings 0
Sales 16,000
Gas Expense 200
Supply Expense 400
Insurance Expense 400
Depreciation Expense 100
Wage Expense 200
Dividends 1,000
100,700 100,700
| Particulars | Amount |
| Sales | 16000 |
| Less: Expenses | |
| Gas Expense | 200 |
| Supply Expense | 400 |
| Insurance Expense | 400 |
| Depreciation Expense | 100 |
| Wage Expense | 200 |
| Net Income | 14,700 |
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