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

question 80

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:

Career Goal

A long-term professional aim or dream that an individual seeks to achieve in their working life.

Employment Documentation

Official papers or electronic records detailing an individual's employment history and qualifications.

Employment Application

A standardized form or document that job applicants fill out to provide personal, educational, and professional information as part of the job application process.

Interview

A structured session where a person or group of people interview, confer with, or critique another person.