Retained Earnings Statement Willow Wanderer Cameras Inc repo

Retained Earnings Statement Willow Wanderer Cameras Inc. reported the following results for 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 $1,115,500 457,400 138,000 356,000 Willow Wanderer Cameras Inc. Retained Earnings Statement For the Year Ended October 31, 20Y9

Solution

WILLOW WANDERER CAMERAS INC Retained Earning Statement For the Year Ended Oct 31, 20Y9 Beginning Balance, Oct 1, 20Y9    1,115,500.00 Net Income     457,400.00 Dividend Declared ($138,000 + $356,000) (494,000.00) Incerase (Decrease) in Retained Earnings        (36,600.00) Ending Balance, Oct 31, 20Y9    1,078,900.00
 Retained Earnings Statement Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1, 20

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