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Best Answer Click here
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Does your trial balance have unappropriated Retained Earnings on it?
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There was an appropriated amount of retained earnings listed separately on the balance sheet at the beginning of the year. By the end of the year that appropriation had been cancelled and amount was returned to the Retained Earnings, unappropriated account. What I did was to record in Schedule M-2 that Retained Earnings, unappropriated had been increased by the amount of the reserve that was cancelled. I finally got my brain wrapped around that, and it worked. Thank you for your response.
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Not sure I really helped, but YVW.
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I have same problem but how do i clear that amount out?
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To clear out the unappropriated amount, go into the balance sheet miscellaneous and there is a spot that says ending retained earnings, and you can type in -1 to override it to be zero. Hope this helps!
