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...

Statement of Retained Earnings

Jackson, Inc. has been in business for many years. Retained earnings on January 1, 2017, is $215,800. The following information is available for the first two months of 2017:

	January	February
Revenues	$83,000	$96,000
Expenses	89,000	82,000
Dividends paid	0	5,000

Required:

Prepare a statement of retained earnings for the month ended February 28, 2017.

Jackson, Inc.
Statement of Retained Earnings
For the Month Ended February 28, 2017
Retained earnings, beginning of month	$
Net income
Dividends for the month
Retained earnings, end of month	$

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Solution: Jackson, Inc. Statement of Retained Earnings For the Month Ended February 28, 2017 Retained earnings, beginning of

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