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Requirement 2. Prepare the statement of retained earnings for the year ended December 31,2025.(Enter any...

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Accounting

Requirement 2. Prepare the statement of retained earnings for the year ended December 31,2025.(Enter any increases in retained earnings prior to the subtotal and any Transactions
Requirement
Journalize the transactions of Ward Technology Solutions. Include an explanation
with each journal entry. Use the following accounts: Cash; Accounts Receivable;
Supplies; Prepaid Advertising; Land; Building; Accounts Payable;
Unearned Revenue; Common Stock; Service Revenue; Rent Expense; and
Salaries Expense.
decreases to retained earnings below the subtotal. Check your spelling carefully and do not abbreviate.)
Retained Earnings, Dec. 31,2024
Retained Earnings, Dec. 31,2025
Requirement 3. Prepare the balance sheet as of December 31,2025.(If an input field is not used in the table leave the field empty; do not enter a label or a zero. Check
your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.)
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