160. Amos Moving Services’ account balances at March 31, 2011, the end of the current year, are listed below. The Retained Earnings balance was $180,000 at April 1, 2010, the beginning of the current year.
Accounts Payable$ 1,200Miscellaneous Expense$ 230
Accounts Receivable10,340Office Expense1,240
Cash32,320Supplies1,670
Fees Earned84,350Wages Expense23,550
Land47,000Dividends16,570
Building157,630Capital Stock25,000
Based on the data provided for Amos Moving Services, prepare an income statement for the year ended March 31, 2011.
161. Amos Moving Services’ account balances at March 31, 2011, the end of the current year, are listed below. The Retained Earnings balance was $180,000 at April 1, 2010, the beginning of the current year.
Accounts Payable$ 1,200Miscellaneous Expense$ 230
Accounts Receivable10,340Office Expense1,240
Cash32,320Supplies1,670
Fees Earned84,350Wages Expense23,550
Land47,000Dividends16,570
Building157,630Capital Stock25,000
Based on the data provided for Amos Moving Services, prepare a retained earnings statement for the year ended March 31, 2011.