Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets $ 13,300 Cash Inventory 16,300 38,700 Buildings $68,300 Total assets Liabilities and Stockholders' Equity Liabilities $ 5,100 Accounts payable Stockholders' Equity Common stock (a) Retained earnings (b) $68,300 Total liabilities and stockholders' equity DONAVAN, INC. Income Statement $85,600 Revenues Cost of goods sold (c) Salaries and wages expense 10,460 (d) Net Income $4 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $18,300 Add: Net income (e) 4,520 Less: Dividends $33,300 Ending retained earnings
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets $ 13,300 Cash Inventory 16,300 38,700 Buildings $68,300 Total assets Liabilities and Stockholders' Equity Liabilities $ 5,100 Accounts payable Stockholders' Equity Common stock (a) Retained earnings (b) $68,300 Total liabilities and stockholders' equity DONAVAN, INC. Income Statement $85,600 Revenues Cost of goods sold (c) Salaries and wages expense 10,460 (d) Net Income $4 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $18,300 Add: Net income (e) 4,520 Less: Dividends $33,300 Ending retained earnings
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 10CDQ: Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total...
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