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.
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. So you do the opposite: Dr Retained earnings Cr Profit and loss account Notice how the retained earnings gets the balance on the same side as what was for the profit and loss account? If there was a credit balance in profit and loss (profit), then there ends up being a credit balance in retained earnings.