JohnleeJohnlee, Inc. had beginning retained earnings of $ 140 comma 000$140,000 on JanuaryJanuary 1, 20182018....
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Accounting
JohnleeJohnlee,
Inc. had beginning retained earnings of
$ 140 comma 000$140,000
on
JanuaryJanuary
1,
20182018.
During the year,
JohnleeJohnlee
declared and paid
$ 65 comma 000$65,000
of cash dividends and earned
$ 70 comma 000$70,000
of net income. Prepare a statement of retained earnings for
JohnleeJohnlee,
Inc. for the year ending
DecemberDecember
31,
20182018.
Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.
| Johnlee, Inc. |
| Statement of Retained Earnings |
| Year Ended December 31, 2018 |
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