Retained Earnings

Date Explanation Ref.

July 31, 2020 Retained Earnings
Revenues
Service Revenue
Rent Revenue
Total Revenues
Expenses
Depreciation Expense
Salaries and Wages Expense
Utilities Expense
Total Expenses
Net loss
Dividends

Income Summary
Date Explanation Ref.
July 31, 2020 Revenues
Service Revenue
Rent Revenue
Total Revenues
Expenses
Depreciation Expense
Salaries and Wages Expense
Utilities Expense
Total Expenses
Net loss
nings
Debit Credit Balance
25,200

64,000
6,500
70,500

8,000
55,700
14,900
78,600
8,100 17,100
16,000 1,100

mary
Debit Credit Balance

64,000
6,500
70,500 70,500

8,000
55,700
14,900
78,600 8,100
8,100 0