From the Information Given,prepare a November Statement of Retained Earnings

question 195

Essay

From the information given,prepare a November statement of retained earnings.
On November 1 of the current year,Lois Bell began Lois Bell,Interior Design as a corporation with an initial investment of $50,000 cash.On November 30 her records showed the following (alphabetically arranged)selected accounts and amounts:
$\begin{array}{|l|r|l|r|}\hline \text { Accounts Payable } & \$ 12,000 & \text { Office Furnishings } & \$ 40,000 \\\hline \text { Accounts Receivable } & 23,000 & \text { Dividends } & 6,000 \\\hline \text { Cash } & 17,200 & \text { Rent Expense } & 3,600 \\\hline \text { Fees Earned } & 30,000 & \text { Salaries Expense } & 6,200 \\\hline \text { Notes Payable } & 4,250 & \text { Telephone Expense } & 250 \\\hline\end{array}$

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Definitions:

Unemployment Rate

The percentage of the labor force that is without a job and actively looking for employment.

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A reference to the economic conditions, structures, and performance of the geographic region known as the South, focusing on its unique economic drivers and challenges.

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A plant product containing the stimulant nicotine, which is used in cigarettes, cigars, and other smoking or chewing products.

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A natural fiber harvested from the cotton plant, used extensively in the textile industry for producing fabrics.