But that has all changed. Venice is now more than just a beach town, more than just a tourist attraction. Venice is a brand. Or as Ernest, a man I met outside the Oakwood Community Center (he smoked a hand-rolled cigarette and declined to give me his last name), puts it: This used to be a community.
The retained earnings general ledger account is adjusted every time a journal entry is made to a revenue or expense account. Retained Earnings. Retained earnings are reported at the end of an accounting period as the accumulated amount of a company's prior earnings, net of dividends. They can show a positive earnings accumulation or can turn negative and have a deficit if a current period's net loss exceeds the period's beginning retained earnings.
If a business operates as a corporation, profits are kept in retained earnings that may be distributed only through dividends. Calculate dividend payments to see how much money is paid out to you and other stockholders. These can be calculated based on changes to retained earnings and net income.Step 1. Record the total retained earnings as it appears on the balance sheet at the beginning of the period.dd the net income and the beginning retained earnings. This will give you the retained earnings before any dividends are paid. Step 4. Subtract the retained earnings for the end of the period for the total amount paid in dividends.