Hi Everyone, My trial balance report at year end shows this: 3200 RETAINED EARNINGS $0.00 3201 RETAINED EARNINGS BEGIN $670,000.00 3203 PRIOR YEAR ADJUSTMENT $0.00 My balance sheet shows this: 3201 Retained Earnings - Current Year $29,070.00 3201 RETAINED EARNINGS BEGIN $670,000.00 This is using the canned balance sheet report. Where do the numbers from the balance sheet come from? I found some discussion of this topic, but I'm still not sure how this works. I'm hoping someone can explain it to me. Thanks!
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