Is there a benchmark for retained earnings?

This net income is then added to the balance sheet as retained earnings, which is a type of Equity account. Below are the standard Income and Expense accounts ... Retained Earnings. Revenue Accounts. 4000, Product #1 Sales. 4020, Product #2 Sales. 4040, Product #3 Sales. 4060, Interest Income. 4080, Other Income. 4540 ... Dec 31, 2018 ... Add net income form the current month's income statement. 3 ... Dividends (account) are distributions of profits from Retained Earnings to. Balance sheet accounts will be rolled forward to the next year, and Profit and Loss accounts will be rolled into the Retained Earnings account. Cause. This ... The stock level equity accounts (both voting and non-voting) should be classified as Capital Investments. · The Retained Earnings account is incremented by the ... Retained earnings is an equity account that has a normal credit balance account. This account is used to record the accumulated profits and losses incurred by ... ... accounts, and dividends account, all to the permanent retained earnings account. ... Accounts in Accounting | Definition & Types 7:04; Temporary vs ... Paid In Capital (Equity doesn't close); Retained Earnings (Equity – Retained Earnings); Dividends Paid (Equity – gets closed). In a corporation, you cannot ... Retained Earnings is the only account that appears in the closing entries that does not close. You should recall from your previous material that retained ... The Retained Earnings account accumulates the company's net income or loss that is retained by the company. Retained earnings are summarized over the years ...