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Example Exercise 1-5

Example Exercise 1-5. Retained Earnings Statement. Example Exercise 1-5. Retained Earnings Statement. 5. Example Exercise 1-5. CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012. 5. Example Exercise 1-5. CHICKADEE TRAVEL SERVICE

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Example Exercise 1-5

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  1. Example Exercise 1-5 Retained Earnings Statement

  2. Example Exercise 1-5 Retained Earnings Statement

  3. 5 Example Exercise 1-5 CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012

  4. 5 Example Exercise 1-5 CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012 Retained earnings, May 1, 2011 $30,000

  5. 5 Example Exercise 1-5 CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012 Retained earnings, May 1, 2011 $30,000 Retained earnings, May 1, 2011 $30,000 Net income for the year $55,550

  6. 5 Example Exercise 1-5 CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012 Retained earnings, May 1, 2011 $30,000 Net income for the year $55,550 Less dividends 30,000

  7. 5 Example Exercise 1-5 CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012 Retained earnings, May 1, 2011 $30,000 Net income for the year $55,550 Less dividends 30,000 Increase in retained earnings 25,550

  8. Example Exercise 1-5 CHICKADEE TRAVEL SERVICE Retained Earnings Statement For the Year Ended April 30, 2012 Retained earnings, May 1, 2011 $30,000 Net income for the year $55,550 Less dividends 30,000 Increase in retained earnings 25,550 Retained earnings, April 30, 2012 $55,550

  9. Example Exercise 1-5  For Practice: PE 1-5A, PE 1-5B

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