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Assume the following beginning balance for Rustic Camp Sites: Beginning Common Stock $120,000 Additional Common Stock $32,000 Beginning Retained Earnings $31,000 Dividends - $9,000 Cash
Assume the following beginning balance for Rustic Camp Sites:
Beginning Common Stock $120,000
Additional Common Stock $32,000
Beginning Retained Earnings $31,000
Dividends - $9,000
Cash - $230,000
Land - $400,000
Notes Payable - $400,000
Revenue - $116,000
Expense - $60,000
Complete the income statement, statement of changes in stockholders equity and balance sheet using the following Excel template:
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