Johnlee , Inc. had beginning retained earnings of $ 140,000 on January 1, 2018. During the year, Johnlee declared and paid $ 55,000 of cash dividends and earned $ 95,000 of net income. Prepare a statement of retained earnings for Johnlee , Inc. for the year ending December 31, 2018.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Johnlee , Inc. had beginning retained earnings of $ 140,000 on January 1, 2018. During the year, Johnlee declared and paid $ 55,000 of cash ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Johnlee , Inc. had beginning retained earnings of $ 140,000 on January 1, 2018. During the year, Johnlee declared and paid $ 55,000 of cash dividends and earned $ 95,000 of net income. Prepare a statement of retained earnings for Johnlee , Inc.