Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answers the blank ones please. thanks Windsor Service had the following financial information at the end of 2022. 1/1/22 2022 12/31/22 Accounts Payable $19,000 Accounts
Answers the blank ones please. thanks
Windsor Service had the following financial information at the end of 2022. 1/1/22 2022 12/31/22 Accounts Payable $19,000 Accounts Receivable 25,000 Advertising Expense $1,000 Cash 16,000 Common Stock 15,000 Dividends 9.000 Equipment 38,000 Notes Payable 20,000 Rent Expense 3,500 Retained Earnings $6,000 Salaries and Wages Expense 20,000 Service Revenue 55,000 Utilities Expense 2,500 WINDSOR SERVICE Income Statement For the Year Ended December 31, 2022 Revenues Service Revenue 55000 Expenses Advertising Expense 1000 Rent Expense 3500 i Salaries and Wages Expenso 20000 Utilities Expense 2500 Total Expenses 27000 Net income/(Loss) 28000 Prepare a 2022 retained earnings statement for Windsor Service. (List items that increase retained WINDSOR SERVICE Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, 1/1/22 6000 Add : Net Income /(Loss) 28000 34000 Less : Dividends (9000) i Retained Earnings, 12/31/22 $ 25000 Prepare a 12/31/22 balance sheet for Windsor Service. (List Assets in order of liquidity) WINDSOR SERVICE Balance Sheet Assets S Liabilities and Stockholders' Equity Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started