e mathslcom ACC231Wolife Spring 2018 Homework HW03 Score 0 o

e mathsl.com ACC231-Wolife Spring 2018 Homework: HW03 Score: 0 of 1 pt E3-25A (book/static) From the following accounts of Classy Restorations, Inc, prepare the business\'s statement of retained eamings for the year ended November 30, 2018 Andow Bocian 100f 10e9 complete) HW Sco ock the icon to view the accounts.) Complete the retained eamings statement. (itf a box is not used in the statement, leave the box empty do not select a label or enter a zero.) Classy Restorations, Inc. Statement of Retained Earnings For the Year Ended November 30, 2016 O Data Tabl Retained Earmings, December 1, 2015 $ 102,000 Add Retained earnings Net income 25,000 Dc102,000 87,000 Clo eb 28 Clo 24,000 56,000 May 3111,000 46,000 Aug 3125,00 Nov 30 27,00 Clo Bal Less Dividends 87,000 87,000 Clo87,000 Bal 61000 Retained Eamings, November 30, 2016 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Check All parts showing Clear Al

Solution

Retained Earnings, December 1 102000 Add: Net income 131000 =256000-125000 233000 Less: Dividends 87000 Retained Earnings, November 30 146000