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Retained earnings statement ObJ. 2
Marcie Davies owns and operates Gemini Advertising Services.
On January 1, 2015, Retained Earnings had a balance of $618,500. During the year, Marcie invested an additional $40,000 in exchange for common stock, and $15,000 of dividends were paid.
For the year ended December 31, 2015, Gemini Advertising Services reported a net income of $92,330.
Prepare a retained earnings statement for the year ended December 31, 2015.
The following information applies to the questions displayed below.] Valmont, Inc., experienced the following events in 2012, in its first year of operation. 1. Received $26,000 cash from the issue of common stock. 2. Performed services on account fo..
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