Question

These financial statement items are for Swifty Corporation at year-end, July 31, 2017. Salaries and wages...

These financial statement items are for Swifty Corporation at year-end, July 31, 2017.
Salaries and wages payable $ 3,680
Salaries and wages expense 58,900
Supplies expense 17,000
Equipment 20,100
Accounts payable 4,100
Service revenue 67,500
Rent revenue 9,900
Notes payable (due in 2020) 3,800
Common stock 16,000
Cash 30,400
Accounts receivable 11,780
Accumulated depreciation—equipment 7,500
Dividends 4,000
Depreciation expense 5,500
Retained earnings (beginning of the year) 35,200
Prepare an income statement for the year. Swifty Corporation did not issue any new stock during the year.
Swifty Corporation
Income Statement

For the Year Ended July 31, 2017For the Month Ended July 31, 2017July 31, 2017

DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2013Retained Earnings, July 31, 2014RevenuesTotal ExpensesTotal Revenues
$

    Dividends    Expenses    Net Income / (Loss)    Retained Earnings, August 1, 2013    Retained Earnings, July 31, 2014    Revenues    Total Expenses    Total Revenues    

 $

DividendsExpensesNet Income / (Loss)Retained Earnings – August 1, 2013Retained Earnings – July 31, 2014RevenuesTotal ExpensesTotal Revenues
$

    Dividends    Expenses    Net Income / (Loss)    Retained Earnings, August 1, 2013    Retained Earnings, July 31, 2014    Revenues    Total Expenses    Total Revenues    

DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2013Retained Earnings, July 31, 2014RevenuesTotal ExpensesTotal Revenues

 $

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LINK TO TEXT

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Prepare a retained earnings statement for the year. Swifty Corporation did not issue any new stock during the year.
Swifty Corporation
Retained Earnings Statement

July 31, 2017For the Month Ended July 31, 2017For the Year Ended July 31, 2017

DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2016Retained Earnings, July 31, 2017RevenuesTotal ExpensesTotal Revenues

 $

AddLess

:

DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2016Retained Earnings, July 31, 2017RevenuesTotal ExpensesTotal Revenues

 $

AddLess

:

DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2016Retained Earnings, July 31, 2017RevenuesTotal ExpensesTotal Revenues

DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2016Retained Earnings, July 31, 2017RevenuesTotal ExpensesTotal Revenues

 $
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