Prepare a statement of retained earnings in proper form for White Corporation for the year ended December 31,20xx,from the following:
$\begin{array}{llcc}
\text { Retained Earnings, January 1, 20xx } &\$2,000 \
\text { Dividends paid during the year } &800\
\text { Net income for the year } &3,000\
\end{array}$

Correction of prior year error.Purchase
$\text { of lard recorded as rent expense }$ $\quad $1,000

Question

Prepare a statement of retained earnings in proper form for White Corporation for the year ended December 31,20xx,from the following:
 $\begin{array}{llcc}
  \text { Retained Earnings, January 1, 20xx } &\$2,000  \
 \text { Dividends paid during the year } &800\
 \text { Net income for the year } &3,000\
\end{array}$

Correction of prior year error.Purchase
 $\text { of lard recorded as rent expense }$ $\quad $1,000

Quizplus · Accepted Answer

The Answer of Prepare a statement of retained earnings in proper form for White Corporation for the year ended December 31,20xx,from the following:
 $\begin{array}{llcc}
  \text { Retained Earnings, January 1, 20xx } &\$2,000  \
 \text { Dividends paid during the year } &800\
 \text { Net income for the year } &3,000\
\end{array}$

Correction of prior year error.Purchase
 $\text { of lard recorded as rent expense }$ $\quad $1,000

Prepare a Statement of Retained Earnings in Proper Form for White