How do i find the retained earnings? What is the formula to find retained earnings? What is the retained earnings?
Accounts payable $ 5,000 Notes payable $ 7,000
Accounts receivable 2,000 Rent expense 10,000
Advertising expense 4,000 Retained earnings?
Cash 3,100 Service revenue 25,000
Common stock 15,000 Supplies 1,900
Dividends 2,500 Supplies expense 1,700
Equipment 26,800 Net Income 9,300