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 of EARNINGS WITHHELD 2021-2025

Rd 110 2021-2025 Form

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[Music] [Music] [Music] welcome back to the one person tuning in this is our gregorian with the whip report again in this lesson i'll be covering the retained earnings balance in particular rolling rolling retained earnings so what we're going to start off with is the current year which we're going to assume december 31st 2022 is the current year i'm your cpa okay you send me your trial balance this is what i get okay so i look at this retained earnings and i'm wondering if this is what the balance should be well this allow me to roll the retained earnings on the financial statements from the prior year into the current year how i do that is pull up the prior year so what i'm going to do is pull up the trial balance i received in the prior year and compare it to what this balance shows and how i do that as i take the retained earnings balance stated here from 2021 i add the revenue i subtract costs and expenses and i get what the expected

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