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Prepare a retained earnings statement for the year 2001 -

Question - Prepare a retained earnings statement for the year 2001

Supplies exp $15,600

Salaries and wages payable $2080

Salaries and wages expense $57500

Equipment 18,500

AP 1100

Service revenue 66,100

Rent Revenue 8500

Notes payable due in 2002- 1800

Common stock 16,000

Cash 29,200

AR 9780

Accumulated depreciation-equipment $6000

Divideds 4000

Depreciation expense4000

Retained earnings beginning of the year 34,000

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