Retained Earnings Statement Wileyplus - Prepare an income statement and a retained earnings statement for the month of june and a balance sheet at june 30, 2025. Net income s 3,800 ret. It is the portion of income which is not paid to the stockholders in the form of a dividend. The amount of retained earnings is used by the corporation in future for expansion. Describe the four fi nancial statements and how they are prepared. Learning objective 1 identify the forms of business organization and the uses of accounting information. After analyzing the data, prepare a retained earnings statement for the year ending december 31, 2025. (list items that increase retained earnings first. )
Prepare an income statement and a retained earnings statement for the month of june and a balance sheet at june 30, 2025. Net income s 3,800 ret. It is the portion of income which is not paid to the stockholders in the form of a dividend. The amount of retained earnings is used by the corporation in future for expansion. Describe the four fi nancial statements and how they are prepared.