Score: 0 of 1 pt 10 of 10 (8 complete) HW Score: 80%, 8 of 10pts E3-25A (book/st

Question

Score: 0 of 1 pt 10 of 10 (8 complete) HW Score: 80%, 8 of 10pts E3-25A (book/static) Question Help From the following accounts of Classy Restorations, Inc., prepare the business's statement of retained earnings for the year ended November 30, 2016: (Click the icon to view the accounts.) Complete the retained earnings statement. (If a box is not used in the statement, leave the box empty do not select a label or enter a zero.) Classy Restorations, Inc. Statement of Retained Earnings For the Year Ended November 30, 2016 Data Table Retained Earnings, December 1, 2015 S 102,000 Add: Retained earnings Dividends 125,000 Dec 87,000 Clo Bal Clo 1 102,000 Feb 28 24,000 Net income 131,000 256,000 May 31 11,000 146,000 Aug 31 25,000 Nov 30 Clo Less: 27,000 Dividends 87,000 Bal 87,000 Cio 87,000 S 146,000 Retained Earnings, November 30, 2016 PrintDone Choose from any list or enter any number in the input fields and then click Check Answer.

Explanation / Answer

Statement of retained earnings :

Retained earnings, December 1, 2015 102000 Add: Net income 131000 233000 Less: Dividend 87000 Retained earnings, November 30, 2016 146000

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