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Computers Inc. began business on January 1, 2017. Balances at December 31, 2017, are listed below. Accounts Payable $2,000 Capital Stock $1,000 Accounts Receivable 6,000
Computers Inc. began business on January 1, 2017. Balances at December 31, 2017, are listed below.
Accounts Payable | $2,000 |
| Capital Stock | $1,000 |
Accounts Receivable | 6,000 |
| Supplies | 3,000 |
Cash | 8,000 |
| Taxes Expense | 1,300 |
Computer Equipment | 12,000 |
| Dividends | 8,000 |
Fees Earned | 74,000 |
| Wages Expense | 25,000 |
Rent Expense | 12,000 |
| Supplies Expense | 1,700 |
Prepare an income statement, retained earnings statement, and a balance sheet for the company.
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