Retained Earnings Statement: After its first month of operation, the following a

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Retained Earnings Statement:
After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 20Y9.

Retained Earnings Statement After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 20Y9 $25,000 53,000 10,000 2,000 42,000 3,000 35,000 5,000 Capital stock Cash Dividends Interest expense Land Miscellaneous expense Notes payable Rent expense Retained earnings Salaries expense Sales commissions Utilities expense 75,000 45,000 15,000 Hide Prepare a retained earnings statement for the month ending April 30, 20Y9 Benjamin Realty Inc. Retained Earnings Statement For the Month Ending April 30, 20Y9 Retained earnings, April 1, 20Y9 45,000 Net income 114,750 Less dividends Retained earnings, April 30, 20Y9 $

Explanation / Answer

Net income Sales commissions 145,000 less"Expenses Rent expense 5,000 Salariex expense 75,000 utilties expense 15,000 interest expense 2,000 misc expense 3,000 100,000 Net income 45,000 Retained earnings ,April 1,2019 0 Add:Net income 45,000 less:Dividends 10,000 Retained earnings ,April 30,2019 35,000ans

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