Retained Earnings Statement Willow Wanderer Cameras Inc repo

Retained Earnings Statement Willow Wanderer Cameras Inc. reported the year ending October 31, 20Y9: Retained earnings, November 1, 20Y8 Net income Cash dividends declared Stock dividends declared Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9. the following results for $1,115,500 457,400 138,000 356,000 Willow Wanderer Cameras Inc. Retained Earnings Statement

Solution

Retained Earnings Statement

Amount($)

Retained earnings at November 1, 2018

$1,115,500

Net Income

457,400

Less: Dividend Declared [138000+356000]

(494,000)

-36600

Retained earnings at October 31, 2019

$ 1,078,900

Retained Earnings Statement
		Amount($)
Retained earnings at November 1, 2018		$1,115,500
Net Income	457,400
Less: Dividend Declared [138000+356000]	(494,000)
		-36600
Retained earnings at October 31, 2019		$ 1,078,900