[The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash $ 5,100 Accounts Receivable 600 Supplies 2,000 Equipment 14,000 Accounts Payable 6,000 Common stock 6,900 Retained earnings, December 1 4,000 Dividends 1,000 Services Revenue 16,000 Wages Expense 8,000 Rent Expense 1,500 Utilities Expense 700 Use the above information to prepare a December balance sheet for Hawkin. Hint: Retained Earnings on December 31 equals $8,800.
[The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash $ 5,100 Accounts Receivable 600 Supplies 2,000 Equipment 14,000 Accounts Payable 6,000 Common stock 6,900 Retained earnings, December 1 4,000 Dividends 1,000 Services Revenue 16,000 Wages Expense 8,000 Rent Expense 1,500 Utilities Expense 700 Use the above information to prepare a December balance sheet for Hawkin. Hint: Retained Earnings on December 31 equals $8,800.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 5CE
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[The following information applies to the questions displayed below.]
On December 31, Hawkin's records show the following accounts.
Cash | $ 5,100 |
---|---|
600 | |
Supplies | 2,000 |
Equipment | 14,000 |
Accounts Payable | 6,000 |
Common stock | 6,900 |
4,000 | |
Dividends | 1,000 |
Services Revenue | 16,000 |
Wages Expense | 8,000 |
Rent Expense | 1,500 |
Utilities Expense | 700 |
Use the above information to prepare a December balance sheet for Hawkin. Hint: Retained Earnings on December 31 equals $8,800.
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