Partial adjusted trial balance data for Flint Corporation at December 31, 2025, includes the following accounts: Retained Earnings $17,700, Dividends $5,600, Service Revenue $38,800, Salaries and Wages Expense $13,700, Insurance Expense $1,850, Rent Expense $3,840, Supplies Expense $1,530, and Depreciation Expense $1,000. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $17,480. (List items that increase retained earnings first.) FLINT CORPORATION Retained Earnings Statement December 31, 2025 Retained Earnings, January 1 4 Add : Net Income /(Loss) Less : Dividends Retained Earnings, December 31 eTextbook and Media List of Accounts $ + 17700 5600 17700

Partial adjusted trial balance data for Flint Corporation at December 31, 2025, includes the following accounts: Retained Earnings $17,700, Dividends $5,600, Service Revenue $38,800, Salaries and Wages Expense $13,700, Insurance Expense $1,850, Rent Expense $3,840, Supplies Expense $1,530, and Depreciation Expense $1,000. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $17,480. (List items that increase retained earnings first.) FLINT CORPORATION Retained Earnings Statement December 31, 2025 Retained Earnings, January 1 4 Add : Net Income /(Loss) Less : Dividends Retained Earnings, December 31 eTextbook and Media List of Accounts $ + 17700 5600 17700

Name: Partial adjusted trial balance data for Flint Corporation at December
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Description: Partial adjusted trial balance data for Flint Corporation at December 31, 2025, includes the following accounts: Retained Earnings$17,700, Dividends $5,600, Service Revenue $38,800, Salaries and Wages Expense $13,700, Insurance Expense $1,850, Rent

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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