Hewitt c orporation's retained earnings account balance was $90,000 on january 1. during january, the company recorded revenue of $500,000, expenses of $260,000, and dividends of $15,000. the company also paid a $35,000 account payable during the period. determine the company's retained earnings account balance on january 31.

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste