i am stuck on the following problem. here is a pic of the problem
any help would be appreciated
Services were provided to customers on cash $16,075
Services were provided to customers on account 6,570
Total income $22,645
Less: Operating expenses were incurred and paid in cash $12,045
Salary expense accrued 1,025
dividend was paid to the owner of Woodward Enterprises 4,450 17,520
Retained earnings as of December 31, 2011 $ 5,125
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