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Home Q & A Board Other Fields Homework Help Business Accounting
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ccanez ccanez
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5 years ago
Flowers, Inc. had beginning retained earnings of $125,000 on January 1, 2017. During the year, Flowers declared and paid $40,000 of cash dividends and earned $55,000 of net income. Prepare a statement of retained earnings for Flowers, Inc. for the year ending December 31, 2017.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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#1
5 years ago
 Flowers, Inc.
Statement of Retained Earnings
Year Ended December 31, 2017

Retained Earnings, January 1,2017$ 125,000
Net income for the year55,000
180,000
Dividends Declared(40,000)
Retained Earnings, December 31, 2017$ 140,000
ccanez Author
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#2
5 years ago
Such an awesome helper!
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