The following is balance sheet information for Bryant Packaging Service at the end of 2019 and 2018:

Required

a. Prepare a balance sheet as of December 31 of each year.

b. Prepare a statement of stockholders' equity for 2019. The increase in retained earnings is equal to the net income less the dividend.

Transcribed Image Text:

Accounts payable... Cash.... Accounts receivable. Equipment, net.. Notes payable... December 31, 2019 $ 2,800 December 31, 2018 $ 2,600 11,000 12,000 23,800 19,500 33,000 31,000 21,000 21,000 Supplies. 5,700 5,200 Common stock 6,000 6,000 Dividends 13,000 0 Retained earnings ? ?