The following information is related to Cheyenne, Attorneys at Law. Retained earnings, January 1, 2022 Legal service revenue-2022 Total expenses-2022 Assets, January 1, 2022 Liabilities, January 1, 2022 Assets, December 31, 2022 Liabilities, December 31, 2022 Dividends-2022 $35,500 342,500 219,000 97,000 61,500 172,500 101,500 88,000 Prepare the 2022 retained earnings statement for Cheyenne, Attorneys at Law. (List items that increase retained earnings first.) Cheyenne, Attorneys at Law Retained Earnings Statement $ $
The following information is related to Cheyenne, Attorneys at Law. Retained earnings, January 1, 2022 Legal service revenue-2022 Total expenses-2022 Assets, January 1, 2022 Liabilities, January 1, 2022 Assets, December 31, 2022 Liabilities, December 31, 2022 Dividends-2022 $35,500 342,500 219,000 97,000 61,500 172,500 101,500 88,000 Prepare the 2022 retained earnings statement for Cheyenne, Attorneys at Law. (List items that increase retained earnings first.) Cheyenne, Attorneys at Law Retained Earnings Statement $ $
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter12: Corporations: Organization, Capital Structure, And Operating Rules
Section: Chapter Questions
Problem 41P
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Question
![The following information is related to Cheyenne, Attorneys at Law.
Retained earnings, January 1, 2022
Legal service revenue-2022
Total expenses-2022
Assets, January 1, 2022
Liabilities, January 1, 2022
Assets, December 31, 2022
Liabilities, December 31, 2022
Dividends-2022
$35,500
342,500
219,000
97,000
61,500
172,500
101,500
88,000
Prepare the 2022 retained earnings statement for Cheyenne, Attorneys at Law. (List items that increase retained earnings first.)
Cheyenne, Attorneys at Law
Retained Earnings Statement
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d1f5e6e-96ea-4de9-8230-b264f6eda9f7%2Fb2bfecd5-d4cd-407d-99d0-e539df218e53%2F8x76x_processed.png&w=3840&q=75)
Transcribed Image Text:The following information is related to Cheyenne, Attorneys at Law.
Retained earnings, January 1, 2022
Legal service revenue-2022
Total expenses-2022
Assets, January 1, 2022
Liabilities, January 1, 2022
Assets, December 31, 2022
Liabilities, December 31, 2022
Dividends-2022
$35,500
342,500
219,000
97,000
61,500
172,500
101,500
88,000
Prepare the 2022 retained earnings statement for Cheyenne, Attorneys at Law. (List items that increase retained earnings first.)
Cheyenne, Attorneys at Law
Retained Earnings Statement
$
$
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