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Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 37,000 Expenses: Salaries Advertising 5,600 Utilities
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 37,000 Expenses: Salaries Advertising 5,600 Utilities 3,600 Net income BULLDOG, INC. Statement of Stockholders' Equity Common Retained Total Stockholders' Stock Earnings Equity Beginning balance $ 9,600 $ 6,600 $ 16,200 Issuances Add: Net income 1,000 1,000 Less: Dividends (2,600) (2,600) Ending balance $ 10,600 $ 9,600 $ 20,200 Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Assets Liabilities $ 3,600 Accounts payable 2,600 Stockholders' Equity 8,600 Common stock 9,600 Retained earnings $ 24,400 Total liabilities and stockholders' equity
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