On March 1, 2011, Cook's Catering Company Capital Stock balance was $30,000 and the balance of Retained Earnings was $120,000. During March, dividends of $31,000 were declared and paid by the business. Assets, liabilities, revenues, and expenses at March 31, 2011, were as follows:
Present, in good form, (a) an income statement for March, (b) a retained earnings statement for March, and (c) a balance sheet as of March 31.

Question

On March 1, 2011, Cook's Catering Company Capital Stock balance was $30,000 and the balance of Retained Earnings was $120,000. During March, dividends of $31,000 were declared and paid by the business. Assets, liabilities, revenues, and expenses at March 31, 2011, were as follows:
  Present, in good form, (a) an income statement for March, (b) a retained earnings statement for March, and (c) a balance sheet as of March 31.

Quizplus · Accepted Answer

The Answer of On March 1, 2011, Cook's Catering Company Capital Stock balance was $30,000 and the balance of Retained Earnings was $120,000. During March, dividends of $31,000 were declared and paid by the business. Assets, liabilities, revenues, and expenses at March 31, 2011, were as follows:
  Present, in good form, (a) an income statement for March, (b) a retained earnings statement for March, and (c) a balance sheet as of March 31.

On March 1, 2011, Cook's Catering Company Capital Stock Balance