Question
Below are incomplete financial statements for Weaver, Incorporated. Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2
Below are incomplete financial statements for Weaver, Incorporated. Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the missing amounts. WEAVER, INCORPORATED Income Statement Year Ended December 31 Revenues: Service revenue Rent revenue 10,000 Expenses: Salaries 8,000 Insurance 7,000 Depreciation 6,000 Net income Below are incomplete financial statements for Weaver, Incorporated. Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the missing amounts. WEAVER, INCORPORATED Statement of Stockholders' Equity Year ended December 31 Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $ 15,000 Add: Issuances 6,000 6,000 Add: Net income Less: Dividends Ending balance 14,000 14,000 (1,000) (1,000) $ 24,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the missing amounts. WEAVER, INCORPORATED Balance Sheet As of December 31 Assets: Liabilities: Cash Accounts receivable Prepaid insurance i Equipment 14,000 Accounts payable 11,000 Notes payable 4,000 $ 12,000 Stockholders' Equity: 41,000 Common stock Retained earnings 24,000 Total assets Total liabilities and stockholders' equity < Required 2 Required 3
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