Statement of Retained Earnings Jackson, Inc. has been in business for many years. Retained earnings on...

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Statement of Retained Earnings Jackson, Inc. has been in business for many years. Retained earnings on January 1, 2017, is $2

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Answer 1

Answer #1

Jackson Inc Statement of Retained Earnings For the month ended February 2017
Beginning Retained Earnings	$ 219800
Net Income	$ 13400
Dividends	$ 5000
Ending Retained Earnings	$ 228200

Note:

Beginning Retained Earnings for Jan+ Net Income-Dividends= Ending Retained Earnings for Jan

=$ 225800+$ 83000-$ 89000=$ 219800

Ending Retained Earnings for Jan= Beginning Retained Earnings for Feb=$ 219800

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Answer 2

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