Question
what are the retained earnings for January 1,2018. The service revenue was $42,500, but thats not it and i dont know what step im missing

Net Income (Loss) (6,800) Requirement 2. Prepare the statement of retained earings for the year ending December 31, 20 Neon A
Read the requirements. luvun Revenues: Service Revenue 42,500 11,000 Expenses: Advertising Expense Salaries Expense Depreciat


Neon Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 14,600 Accounts Re
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Aug. Neon Alvertising Seousies Statement of Retained Evenings Yeans ended December 31, 2018 Retained earnings Tonuary 1, 2018If you have any query ask in comment section. If you like the answer plz rate. Thanks

Add a comment
Know the answer?
Add Answer to:
what are the retained earnings for January 1,2018. The service revenue was $42,500, but thats not...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • prepare the statement of retained earnings of the year ending December 31, 2018 2. Prepare the...

    prepare the statement of retained earnings of the year ending December 31, 2018 2. Prepare the statement of retained earnings for the year ending December 31, 2018 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form. Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2018. (Use a minus sign or parentheses to show a net loss Boston Advertising Services Statement of Retained Earnings Year Ended December 31, 2018...

  • Selected accounts for Kebby Photography at December 31, 2018, follow: Retained Earnings 49,000 Service Revenue Dividends...

    Selected accounts for Kebby Photography at December 31, 2018, follow: Retained Earnings 49,000 Service Revenue Dividends 14,000 33,000 4,500 Salaries Expense 31,800 1,400 Supplies Expense 2,700 Depreciation Expense-Building 7,000 Depreciation Expense-Furniture 1,500 Requirements 1. Journalize Kebby Photography's closing entries at December 31, 2018. 2. Determine Kebby Photography's ending Retained Earnings balance at December 31, 2018.

  • Requirement: Using this adjusted trial balance, complete an income statement, a statement of retained earnings, and...

    Requirement: Using this adjusted trial balance, complete an income statement, a statement of retained earnings, and a balance sheet. Make sure all three are in good form. Bertrand Irrigation System Adjusted Trial Balance December 31, 2018    Balance    Account Title Debit Credit    Cash $12,000    Accounts Receivable 46,200    Office Supplies 17,700    Prepaid Insurance 4,600    Building 58,000    Accumulated Depreciation—Building $24,300    Equipment 26,000    Accumulated Depreciation—Equipment 7,600    Accounts Payable 27,100    Interest Payable 1,800...

  • Print 1. The adjusted trial balance for Green Advertising Services is presented below: (Click on the...

    Print 1. The adjusted trial balance for Green Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the income statement for the year ending December 31, 2018. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box emply; do not select a label or enter a zero.) Green Advertising Services Income Statement Year Ended December...

  • Jork: Chapter 4 part B homeWork E1 pt 1 of 9 (9 complete) HW Score: 47.53%,...

    Jork: Chapter 4 part B homeWork E1 pt 1 of 9 (9 complete) HW Score: 47.53%, 4.28 of لصلعصلنصصتم) aution Help A Data Table quirements Los Use a minus sign es to Web Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 14,100 Accounts Receivable 13,800 Office Supplies 7,200 Land 18,600 Building 50,500 Accumulated Depreciation-Building $ 38,100 Furniture 17,600 Accumulated Depreciation Furniture 14,200 Accounts Payable 10.100 Salaries Payable 7,800 arning Earning om any Print Done...

  • Problem 1-63A (Algorithmic) Income Statement, Retained Earnings Statement, and Balance Sheet The following information relates to...

    Problem 1-63A (Algorithmic) Income Statement, Retained Earnings Statement, and Balance Sheet The following information relates to Ashton Appliances for 2019. Accounts payable $16,800 Accounts receivable 70,300 Accumulated depreciation (building) 106,200 Accumulated depreciation (furniture) 27,600 Bonds payable (due in 7 years) 192,000 Building 300,000 Cash 41,450 Common stock 115,620 Cost of goods sold 511,350 Depreciation expense (building) 11,050 Depreciation expense (furniture) 12,000 Furniture 130,000 Income taxes expense 16,650 Income taxes payable 11,400 Insurance expense 36,610 Interest expense 15,500 Inventory 59,850 Other...

  • Prepare the Income Statement for the year ending Dec 31,2018. plete) This Qu Data Table Green...

    Prepare the Income Statement for the year ending Dec 31,2018. plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Debit Credit $14,000 15,800 6,500 18,400 47,900 Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation--Furniture Accounts Payable $ 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 Salaries Payable Unearned Revenue Common Stock llRetained Farninns arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts...

  • what is the correct input for the service revenue and retained earnings for close entries? And...

    what is the correct input for the service revenue and retained earnings for close entries? And explain please Credits Debits $ 26,100 16,900 15,000 163,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,200 7,300 158,000 47,500 $221,000 $221,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $149, 100, and on account, $59,700. 2. February 12 Collect on accounts receivable,...

  • I only need help with the T-accounts and Statement of Retained Earnings! Chapter 4 D2L Homework...

    I only need help with the T-accounts and Statement of Retained Earnings! Chapter 4 D2L Homework Assigned Exercise 22 on page 225 with modifications. Prepare closing entries as required in problem. Can work in four journal entries with Income Summary as Can work in three journal entries as shown in class. Your choice. Write out the t-accounts and add in the amounts from the journal entries to calculate an ending balance. Also, prepare Statement of Retained Earnings. E4-22 Preparing closing...

  • cant figure out retained earnings, revenue and expenses T-Accounts or Leger Accounts: Cash Beg Bal S12...

    cant figure out retained earnings, revenue and expenses T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT