Retained earnings statement; net loss
Selected accounts from the ledger of Weird Sports for the current fiscal year ended June 30, 2014, are as follows:
|
Retained Earnings |
Dividends |
||||||
|
June 30 |
20,900 |
July 1 (2013) |
115,800 |
Sept. 30 |
6,000 |
June 30 |
24,000 |
|
30 |
24,000 |
Dec. 31 |
6,000 |
||||
|
March 31 |
6,000 |
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|
June 30 |
6,000 |
||||||
|
Income Summary |
|||
|
June 30 |
201,400 |
June 30 |
180,500 |
|
30 |
20,900 |
||
Prepare a retained earnings statement for the year.