Partial adjusted trial balance for Marigold Corp. at December 31, 2017, includes the following accounts: Retained Earnings $17,500, Dividends $6,400, Service Revenue $36,100, Salaries and Wages Expense $14,900, Insurance Expense $1,950, Rent Expense $3,860, Supplies Expense $1,590, and Depreciation Expense $850. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.) MARIGOLD CORP. Retained Earnings Statement choose the accounting period For the Year Ended December 31, 2017December 31, 2017For the Month Ended December 31, 2017 select an opening name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends $enter a dollar amount select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends enter a dollar amount select a closing name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends $enter a total amount

Partial adjusted trial balance for Marigold Corp. at December 31, 2017, includes the following accounts: Retained Earnings $17,500, Dividends $6,400, Service Revenue $36,100, Salaries and Wages Expense $14,900, Insurance Expense $1,950, Rent Expense $3,860, Supplies Expense $1,590, and Depreciation Expense $850. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.) MARIGOLD CORP. Retained Earnings Statement choose the accounting period For the Year Ended December 31, 2017December 31, 2017For the Month Ended December 31, 2017 select an opening name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends $enter a dollar amount select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends enter a dollar amount select a closing name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends $enter a total amount

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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MARIGOLD CORP. Retained Earnings Statement choose the accounting period For the Year Ended December 31, 2017December 31, 2017For the Month Ended December 31, 2017
select an opening name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends		$enter a dollar amount
select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends		enter a dollar amount
		enter a subtotal of the two previous amounts
select between addition and deduction AddLess: select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends		enter a dollar amount
select a closing name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Dividends		$enter a total amount

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