Retained earnings statement Climate control system co. offers its services to residents in the spokane area. selected accounts from the ledger of climate control systems for the fiscal year ended december 31,2018 are as follows: Retained Earnings Dec.31 160,000 Jan.1(2018) Dec.31 4150800 700 000 Dividends Mar.31 June 30 sep 30dec 31 40000 40000 40000 40000 Dec 31 160000 Income Summary Dec 31 4,530,000 Dec 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.
Retained earnings statement Climate control system co. offers its services to residents in the spokane area. selected accounts from the ledger of climate control systems for the fiscal year ended december 31,2018 are as follows: Retained Earnings Dec.31 160,000 Jan.1(2018) Dec.31 4150800 700 000 Dividends Mar.31 June 30 sep 30dec 31 40000 40000 40000 40000 Dec 31 160000 Income Summary Dec 31 4,530,000 Dec 31 5,230,000 31 700,000 Prepare a retained earnings statement for the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Climate control system co. offers its services to residents in the spokane area. selected accounts from the ledger of climate
| Retained Earnings |
| Dec.31 | 160,000 | Jan.1(2018) Dec.31 |
4150800 700 000 |
| Dividends |
| Mar.31 June 30 sep 30dec 31 |
40000 40000 40000 40000 |
Dec 31 | 160000 |
| Income Summary |
| Dec 31 | 4,530,000 | Dec 31 | 5,230,000 |
| 31 | 700,000 |
Prepare a retained earnings statement for the year.
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