# Please explain why the beginning retained earning for 20x8 is 0. Thank you Fallon Inc was...

###### Question:

please explain why the beginning retained earning for 20x8 is 0. Thank you
Fallon Inc was started in January 20x8. Within the first 2 years of operations they earned a net income in 20x8 of $2,740 and in 20x9 of$4,270. Fallon Inc declared dividends in 20x8 of $880 but did not declare any in 20x9. As of January 1st 20x8 a private investor invested$2,400 in the common shares of Fallon Inc. Prepare a statement of Retained Earnings for 20x9.

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Fn Journal entries, discounts, closing entries and income statementsboth perpetual and periodic inventory systems GST version Dundas Desks buys desks for $80 each and sells them for$140 each. On 1 August 2019, 86 desks were in inventory. Dundas Desks completed the transactions below during August. ...