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.
Q: How do you record retained earnings in the journal? A: Earnings means profits and retained earnings is all the net profits one accumulated. Also known as accumulated profit. Anyway, I think what you are referring to is the transfer of net profit at the end of the year to retained earnings. If so, these are the journal entries... If you made a profit for the year, the profit and loss account would have a credit balance. So you: Dr Profit and loss account. Cr Retained earnings. If, however, the business made a loss for the year, the profit and loss account would have a debit balance.