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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. Revenues Expenses: Salaries 12,600 Advertising 4,600 Net income Total Stock Common Retained
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. Revenues Expenses: Salaries 12,600 Advertising 4,600 Net income Total Stock Common Retained Stock Earnings Beginning13,600 S 6,60020,200 ssuances o stock Add: Net 4,600 4.600 Less: Dividends Ending S 16,200 S 7.,60023,800 Assets Liabilities 1,000 Accounts payable 600 Stockholders Land 600 Common stock 15,600 Retained earnings Total liabilities and Total assets
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