The Retained Earnings,Dividends,and Income Summary accounts for Suffolk's Repair Shop for the accounting period are presented below in T account form after the recording and posting of closing entries.
From the T accounts,determine the following:
a.Revenue for the period
b.Net income (or net loss)
c.Dividends for the period
d.Ending balance of Retained Earnings

Question

The Retained Earnings,Dividends,and Income Summary accounts for Suffolk's Repair Shop for the accounting period are presented below in T account form after the recording and posting of closing entries.
   From the T accounts,determine the following: 
a.Revenue for the period
b.Net income (or net loss)
c.Dividends for the period
d.Ending balance of Retained Earnings

Quizplus · Accepted Answer

The Answer of The Retained Earnings,Dividends,and Income Summary accounts for Suffolk's Repair Shop for the accounting period are presented below in T account form after the recording and posting of closing entries.
   From the T accounts,determine the following: 
a.Revenue for the period
b.Net income (or net loss)
c.Dividends for the period
d.Ending balance of Retained Earnings

The Retained Earnings,Dividends,and Income Summary Accounts for Suffolk's Repair Shop