Can a profitable company have negative retained earnings?

33900 Retained Earnings-Unreserved. This account represents the accumulated earnings of a proprietary type fund which have been retained in the fund and ... ... account type from its original entry type to its posted account type. ... Fund Balance. 3. Retained Earnings. 4. Investment in Property. 9. Company Closing. The retained earnings account is used to roll up your profit and loss balance into the retained profit account in the balance sheet at the end of the financial ... Dec 6, 2019 ... income/earnings retained in the Company for future use. 12. Page 13. Pick the Equity Accounts. • Accounts Payable. • Wells. • Services. Jul 12, 2024 ... 0 = Balance Sheet and 1 = Profit and Loss. Now, the other thing I would keep in mind is that someone could have changed the posting type after ... Enter the Beginning balance for each section on this screen: Accumulated Adjustments Account; Shareholder Undistributed Taxable Income; Accumulated Earnings and ... Dec 1, 2024 ... their charter type. 1 This booklet also may include ... current period net income, retained earnings, and the common stock accounts are all. What Type of Account is Dividends Payable (Debit or Credit)? ... Cash dividends are paid out of a company's retained earnings, the accumulated profits that are ... Mar 3, 2025 ... 10 equity account types · 1. Common stock · 2. Preferred stock · 3. Retained earnings · 4. Contributed surplus · 5. Additional paid-in capital · 6. Retained Earnings, RETAINEDEARNINGS. Rounding, ROUNDING. Tracking Transfers, TRACKINGTRANSFERS. Unpaid Expense Claims, UNPAIDEXPCLM. Unrealised Currency Gains ...