acct 201 case page 6

Page 6 ACCT 201 Case Fall 2017 financial statements Question 6: Determine the missing amounts in the following f Big Data Company Income Statement ANSWERS: For the Month Ended January 31, 2017 $122,000 Fees Earnecd Wages Expense Rent Expense Utilities Expense 8,000 Operating Expenses Total Operating Expenses b. Net Income Big Data Company Retained Earnings Statement For the Month Ended January 31, 2017 $28,000 Retained Earnings, January1 Add Net Income for January Less Dividends Retained Earnings, January 31 c. (19.000 d. Big Data Company Balance Sheet January 31, 2017 Assets Cash Land $37,800 60300 Total Assets Liabilities Accounts payable Stockholders' Equity Common Stock Retained Earnings $22,500 9- Total Stockholders Equity Total Liabilities & Stockholders Equity