Prepare a retained earnings statement for the month of April The income statement of Hall Marine Repairs is as follows: HALL MARINE REPAIRS Income Statement For the Month Ended April 30, 2011 Revenue Repair Revenue â‚¤7,500 Expenses Salaries Expense â‚¤3,400 Depreciation Expense 350 Utilities Expense 400 Insurance Expense 600 Supplies Expense 1,050 Total Expenses 5,800 Net Income â‚¤1,700 On April 1, the retained earnings account had a balance of â‚¤12,900. During April, the company paid â‚¤3,000 in dividends. Instructions (a) Prepare closing entries at April 30. (b) Prepare a retained earnings statement for the month of April. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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