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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. Revenue 24400 Expenses Salaries 11600 Rent 5600 Advertisement 3600 Net income 3600
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts.
Revenue | 24400 | |||
Expenses | ||||
Salaries | 11600 | |||
Rent | 5600 | |||
Advertisement | 3600 | |||
Net income | 3600 | |||
Common stock | Retained earning | Total stakeholder's equity | ||
Beginning balance | 12600 | 5600 | 18200 | |
Issuance of stock | 1600 | 1600 | ||
Add: Net income | 3600 | 3600 | ||
Less: Dividend | 2600 | 2600 | ||
Ending balance | 14200 | 6600 | 20800 |
I JUST NEED THE BOTTOM ONE FILLED IN WHERE THE BLUE BLANKS ARE. thank you
Assets $ CYCLONE, INC. Balance Sheet Dec. 31, 2021 Liabilities 1,200 Accounts payable Stockholders' Equity 4,600 Common stock 14,600 Retained earnings Total liabilities and stockholders' equity $ Cash Supplies Land Building Total assets 2,600Step by Step Solution
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