In the balance sheet, Retained Earnings is calculated as the difference
of non-void balances between the selected income and expense accounts as
of the balance-sheet date.
There must be an errant transaction associated with the pre-payment
somewhere in your books?
C
On 11/1/19 5:49 am, bwip
Hello!
I'm hoping somebody may have run into this and can help me out. The balance
sheet is balanced as per auditor and year end adjusting entries, but for
some reason I've got $5.24 stuck in retained earnings losses after closing
out the year to RE.
The Total Equity value is correct, but only wi
