Space Shuttle. 1  Length Orbiter: 56 meters (184 feet) 2  Width Orbiter: 23 meters (76.6 feet) 3  Takeoff weight: 2,041 metric tons (4.5 million pounds) 4  Fuel weight: 1,937 metric tons (4.3 million pounds), including solid rocket boosters and external fuel tank. 5  Maiden Flight: April 12, 1981.
The Retained Earnings account is a stockholders' equity account that normally has a credit balance. The Retained Earnings account has three componentsârevenues, expenses, and dividends. Revenues increase the balance of retained earnings. Expenses and dividends decrease the balance of retained earnings.
[Debit]. Retained earnings = $30,000 [Credit]. Furniture = $30,000 . Case Example-2 [Expenses were not Accrued] At the end of 2010 a company failed to accrue telephone expense that was paid at the beginning of 2011. The correcting entry on 12/31/2011 is: [Debit]. Retained earnings = $16,000 [Credit]. Telephone expense = $16,000 . Case Example-3 [Revenue was not Deferred] On 1/1/2010 an advance retainer fee of $50,000 was received covering a five-year period. In error, revenue was credited for the full amount. The error was discovered on 12/31/2012 before closing the books. The correcting entry is: 12/31/2012 [Debit]. Retained earnings = $30,000 [Credit].