LINDA DENNY, MD
Retained Earnings Statement
For the Month Ended October 31, 2022
______________________________________________________
Retained Earnings, October 1 ............................................................................ $15,000
Add: Net income ............................................................................ 7,800
22,800
Less: Dividends ........................................................................ 6,000
Retained Earnings, October 31 ............................................................................ $16,800
LINDA DENNY, MD
Balance Sheet
October 31, 2022
______________________________________________________
Assets
Cash .................................................................................................................... $11,000
Accounts receivable .............................................................................. 10,000
Supplies ................................................................................ 2,800
Equipment .......................................................................... 29,000
Total assets ............................................................................ $52,800
Liabilities and Stockholders’ Equity
Liabilities
Accounts payable ............................................................................. $ 6,000
Stockholders’ Equity
Common stock ............................................................................ $30,000
Retained earnings...................................................................................................... 16,800 46,800
Total liabilities and stockholders’ equity ............................................................................ $52,800