222. Using the information presented below, prepare a statement of retained earnings and balance sheet from the adjusted trial balance of Dodson Containers, Inc.Dodson’s stockholders’ equity balance of $40,340 consists of retained earnings of $29,340, a $1,000 beginning-year balance in common stock, plus a $10,000 investment during the current year by the stockholders. DODSON CONTAINERS, Inc.Adjusted Trial BalanceDecember 31 Cash…………………………………………………. $ 3,050 Accounts receivable………………………………… 400 Prepaid insurance …………………………………... 830 Office supplies ............................................................. 80 Office equipment ……………………………………. 4,200 Accumulated depreciation—office equipment ……….. $ 1,100 Buildings……………………………………………... 98,000 Accumulated depreciation—buildings……………….. 28,000 Land.....................…………………. 115,000 Wages Payable……………………………………… 880 Property taxes payable……………………………… 1,400 Interest payable……………………………………... 2,200 Unearned rent……………………………………….. 460 Long-term notes payable……………………………. 150,000 Common stock Retained earnings 11,00029,340 Dividends 21,000 Rent earned …………………………………………. 67,500 Wages expense ……………………………………... 29,000 Utilities expense ……………………………………. 2,900 Property taxes expense …………………………….. 2,400 Insurance expense…………………………………... 5,800 Office supplies expense……………………………… 250 Depreciation expense—office equipment…………….. 400 Depreciation expense—buildings…………………….. 5,570 Interest expense ……………………………………. 3,000 $291,880 ________ $291,880 Totals ………………………………………………..

222. Using the information presented below, prepare a statement of retained earnings and balance sheet from the adjusted trial balance of Dodson Containers, Inc.Dodson’s stockholders’ equity balance...

222. Using the information presented below, prepare a statement of retained earnings and balance sheet from the adjusted trial balance of Dodson Containers, Inc.Dodson’s stockholders’ equity balance of $40,340 consists of retained earnings of $29,340, a $1,000 beginning-year balance in common stock, plus a $10,000 investment during the current year by the stockholders.

DODSON CONTAINERS, Inc.
Adjusted Trial Balance
December 31

Cash………………………………………………….	$ 3,050
Accounts receivable…………………………………	400
Prepaid insurance …………………………………...	830
Office supplies .............................................................	80
Office equipment …………………………………….	4,200
Accumulated depreciation—office equipment ………..		$ 1,100
Buildings……………………………………………...	98,000
Accumulated depreciation—buildings………………..		28,000
Land.....................………………….	115,000
Wages Payable………………………………………		880
Property taxes payable………………………………		1,400
Interest payable……………………………………...		2,200
Unearned rent………………………………………..		460
Long-term notes payable…………………………….		150,000
Common stock Retained earnings		11,00029,340
Dividends	21,000
Rent earned ………………………………………….		67,500
Wages expense ……………………………………...	29,000
Utilities expense …………………………………….	2,900
Property taxes expense ……………………………..	2,400
Insurance expense…………………………………...	5,800
Office supplies expense………………………………	250
Depreciation expense—office equipment……………..	400
Depreciation expense—buildings……………………..	5,570
Interest expense …………………………………….	3,000 $291,880	________ $291,880
Totals ………………………………………………..

May 15, 2022

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222. Using the information presented below, prepare a statement of retained earnings and balance sheet from the adjusted trial balance of Dodson Containers, Inc.Dodson’s stockholders’ equity balance...

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