Having problem with less: Dividens and less: Net loss... I checked my work and the answers are not -13700 and -28,300 so Im very confused Retained earnings, December 31, 2021Cost of buildings purchased during 2022Net loss for the year ended December 31, 2022Dividends declared and paid in 2022Increase in cash balance from January 1, 2022 to December 31, 2022Increase in long-term debt in 2022Statement of Stockholders' Equity (Partial)For Year Ended December 31, 2022Required:From the above data, calculate the retained earnings balance as of December 31, 2022.Note: Enter decreases with a minus sign to indicate a negative financial statement effect.Retained earnings, December 31, 2021Less: DividendsLess: Net lossRetained earnings, December 31, 2022$ 453,400$453,400104,50013,700(28,300)$ 411,40028,30016,10038,900

The statement of Retained Earnings is prepared to record the transactions that affect the retained…

Retained earnings, December 31, 2021 Cost of buildings purchased during 2022 Net loss for the year ended December 31, 2022 Dividends declared and paid in 2022 Increase in cash balance from January 1, 2022 to December 31, 2022 Increase in long-term debt in 2022 Required: From the above data, calculate the retained earnings balance as of December 31, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 Retained earnings, December 31, 2021 Less: Dividends Less: Net loss Retained earnings, December 31, 2022 453,400 $453,400 104,500 13,700 28,300 16,100 38,900 (28,300) $ 411,400

Retained earnings, December 31, 2021 Cost of buildings purchased during 2022 Net loss for the year ended December 31, 2022 Dividends declared and paid in 2022 Increase in cash balance from January 1, 2022 to December 31, 2022 Increase in long-term debt in 2022 Required: From the above data, calculate the retained earnings balance as of December 31, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 Retained earnings, December 31, 2021 Less: Dividends Less: Net loss Retained earnings, December 31, 2022 453,400 $453,400 104,500 13,700 28,300 16,100 38,900 (28,300) $ 411,400

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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