Instructions Rockwell Inc, reported the following results for the year ended June 30, 20Y5: Retained earnings, July 1, 20Y4 $3,792,000 Net income 733,000 Cash dividends declared 95,100 Stock dividends declared 48,400 Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5. Refer to lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Rockwell Inc, reported the following results for the year ended June 30, 20Y5:
Retained earnings, July 1, 20Y4
$3,792,000
Net income
733,000
Cash dividends declared
95,100
Stock dividends declared
48,400
Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5. Refer to the
lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the
answer choices for text entries. For those boxes in which you must enter subtractive or
negative numbers use a minus sign.
SPE
Transcribed Image Text:Instructions Rockwell Inc, reported the following results for the year ended June 30, 20Y5: Retained earnings, July 1, 20Y4 $3,792,000 Net income 733,000 Cash dividends declared 95,100 Stock dividends declared 48,400 Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign. SPE
nings Statement
Retained Earnings Statement
1
N
M
4
5
Rockwell Inc.
Retained Earnings Statement
(Label)
Transcribed Image Text:nings Statement Retained Earnings Statement 1 N M 4 5 Rockwell Inc. Retained Earnings Statement (Label)
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