Amos Moving Services' Account Balances at March 31,2014,the End of the Current

question 35

Essay

Amos Moving Services' account balances at March 31,2014,the end of the current year,are listed below.The Retained Earnings balance was $180,000 at April 1,2013,the beginning of the current year.
$\begin{array}{llll}\text { AccountsPayable } & \$ 2,000 & \text { Miscellaneous Expense } & \$ 1,030 \\\text { Accounts Receivable } & 10,340 & \text { Office Expense } & 1,240 \\\text { Cash } & 21,420 & \text { Sipplies } & 1,670 \\\text { FeesEarned } & 73,450 & \text { Wages Expense } & 23,550 \\\text { Land } & 47,000 & \text { Dividends } & 16,570 \\\text { Building } & 157,630 & \text { Capital Stock } & 25,000\end{array}$
Based on the data provided for Amos Moving Services,prepare a retained earnings statement for the year ended March 31,2014.

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Definitions:

Standard Error

A statistical measure that indicates the accuracy with which a sample distribution represents a population by using its standard deviation and sample size.

Sample Size

The number of observations or elements selected from a population to study a particular property.

Population Proportion

Population proportion represents the fraction or percentage of members in a population that exhibits a particular attribute or characteristic.

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, indicating the range within which the true value lies with a certain level of confidence.