Use the following adjusted trial balance and prepare a prope…
Use the following adjusted trial balance and prepare a properly formatted Statement of Stockholder’s Equity. Don’t forget about beginning balance of Retained Earnings. Raven Tales Corporation Adjusted Trial Balance March 31 Dr. Cr. Cash $10,800 Accounts receivable 3,500 Office supplies 650 Automobile 30,200 Accounts payable $2,600 Salaries Payable 1,200 Common stock 21,150 Retained earnings 12,330 Dividends 7,000 Revenues Earned 32,200 Rent expense 8,000 Advertising expense 1,200 Office salaries expense 7,600 Office supplies expense 530 Totals $69,480 $69,480
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