GE Enterprises Inc on November of the current y Rob Eliot invested $31.000 of his cash to form a corporation. Our nechange for shares of conneck. Nother comman ockwaved during Nevererar December her very succes first month separation the rained emingens of November 30 were reported at $5,000. Alteracions have been entered into the action for the month of December the ending alonces for selected items on December 31 follow On that date the financial sements were prepared. The best reported a set of 54,400 and total holder ty of 129.620 Accounts Common Retained Fees Wages Rent Supplies Utilities Miscellaneous Cash Supplies Land Payable Stock Earnings Dividende Earned Expense Expense Expense pente Expense 57.100 $16.250 15.000 $5.500 $27.000 56.250 $4.000 55.203 1400 view the following in Indicate which financial) port the desired women the mounted on the front See Nebrom the below trods Statement of Halance Income Stockholders' She Statement quity Amit Yes 1. What the amounported for and then in December 31 The No Ves Yes What is the red caminant pros December Yes 1. How muchos E Enterprice? No Ne No Hou muthuh is being held by Engine No Yes 3. By wat dit retinet caring increase or decrease dung the end No Yes Yes What is the amount of rotaron during December NO Yes To what were the total expenses for December NI Yes NO How much case for rent 1 Yes Agmar Grad GGE Enterprises Inc On over 1 of the current yet Robot 131.000 home for the coming becue the very fired November 13. Anar berite for the Deenheid before on December 31 low On that there and 154.400 and 30 Account Contained Fees Wages Hent Supplies Miscellaneous Cash Supplies Land Payable Stock Earnings Dividende arred Exp Expense pe Expense Espese $7.100 $16.250 $5.000 $5,500 27.000 $6.150 $4,600 11.200 Rection indicate ich financial the deed for the norted on the ancient Selector from the below dropdow) 1400 On November 1 of the current year Rob Elliot invested $31.000 of his cash te forma corporation, GGE Enterprises Inc. in exchange for shares of common stock. No other common stoc After a very successful first month of operations, the retained earnings as of November 30 were reported at $5.000. After all transactions have been entered into the accounting equation balances for selected items on December 31 follow. On that date, the financial statements were prepared. The balance sheet reported total assets of $54,400 and total stod holdersequr Accounts Common Retained Fees Wages Rent Supplies Utilities Miscellaneous Cash Supplies Land Payable Stock Earnings Dividends Earned Expense Expense Expense Expense Expense > 57,100 $16.250 ? $5,000 $5.500 $27.000 $6.350 2 $4,600 $1.205 3400 Review the following questions. Indicate which financial statement(s) report the desired information. Enter the amount reported on the financial statement (Select "Yes" or "No" from the below dropdowns.) Statement of Balance Income Stockholders Sheet Statement Equity Amount 1. What is the amount reported for total liabides and stockholders' equity on December 31? Yes No No 2. What is the retained earnings amount reported on December 312 Yes Yes 3. How much does GGE Enterprises Inc. owe to its creditors? Yes No 4. How much cash is being held by GGE Enterprises Inc Yes No 5. By what amount did retained earnings increase or decrease during the period? No No 6. What is the amount of profit or loss during December? Ne Yes Yes 7. What were the total expenses for December? Yes No 8. How much was paid for rent No Yes No No No No Yes No
