Retained earnings statement; net loss
Selected accounts from the ledger of Weird Sports for the current fiscal year ended June 30, 2014, are as follows:
| Retained Earnings | Dividends | ||||||
| June 30 | 20,900 | July 1 (2013) | 115,800 | Sept. 30 | 6,000 | June 30 | 24,000 |
| 30 | 24,000 | Dec. 31 | 6,000 | ||||
| March 31 | 6,000 | ||||||
| June 30 | 6,000 | ||||||
| Income Summary | |||
| June 30 | 201,400 | June 30 | 180,500 |
| 30 | 20,900 | ||
Prepare a retained earnings statement for the year.
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