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Centerpiece Arrangements has just completed operations for the year ended December 31, 2018.. This is the third year of operations for the company. The following
Centerpiece Arrangements has just completed operations for the year ended December 31, 2018.. This is the third year of operations for the company. The following data have been assembled for the business: EEE (Click the icon to view the assembled data of Centerpiece Arrangements.) (Click on the icon to view the statement of retained earnings.) (Click the icon view the income statement) Prepare the balance sheet of Centerpiece Arrangements as of December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) X iData Table Centerpiece Arrangements Balance Sheet Year Ended December 31, 2018 Insurance Expense 4.500 Salaries Expense 46,000 Assets Liabilities Accounts Payable Service Revenue 70,000 17.600 Utilities Expense 1.400 Office Supplies 1,700 Rent Expense 4.800 16,000 Dividends Stockholders' Equity 9000 Accounts Receivable 8.000 Common Stock 9,000 Common Stock Cash 7,200 Equipment 12,100 Dividends -4800 Retained Earnings, January 1, 2018 Revenues 70000 5,100 Print Done - X Reference i Reference Centerpiece Arrangements Income Statement Centerpiece Arrangements Year Ended December 31, 2018 Statement of Retained Earnings Revenues: Year Ended December 31, 2018 Service Revenue 70,000 Retained Earnings, January 1, 2018 5.100 Expenses: 2.100 Net income for the year Salaries Expense 46,000 7,200 16.000 Rent Expense 1.800 Dividends Insurance Expense 4.500 2,400 1,400 Retained Earnings, December 31, 2018 Utilities Expense 67,900 Total Expenses S 2,100 Print Done Net Income
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