Reference no: EM132935502
Question - These items are taken from the financial statements of Wildhorse Co. for 2017.
Retained earnings (beginning of year) $32,270
Utilities expense 2,170
Equipment 67,270
Accounts payable 19,570
Cash 13,930
Salaries and wages payable 5,720
Common stock 12,000
Dividends 12,000
Service revenue 69,580
Prepaid insurance 6,220
Maintenance and repairs expense 1,630
Depreciation expense 3,440
Accounts receivable 12,970
Insurance expense 2,360
Salaries and wages expense 38,580
Accumulated depreciation-equipment 21,430
Required - Prepare a retained earnings statement for the year ended December 31, 2017.
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: These items are taken from the financial statements of Wildhorse Co. for 2017. Prepare a retained earnings statement for the year ended
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