Prepare Carissa Communication statement of retained earnings

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Reference no: EM131815191

Question: Preparing a merchandiser's statement of retained earnings and balance sheet

Requirements: 1. Prepare Carissa Communications's statement of retained earnings for the year ended July 31, 2016. Assume that there were no dividends declared during the year and that the business began on August 1, 2015.

2. Prepare Carissa Communications's classified balance sheet at July 31, 2016. Use the report format.

Reference no: EM131815191

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