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H Required information [The following information applies to the questions displayed below.) The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is

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H Required information [The following information applies to the questions displayed below.) The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,600 146,000 5,600 28,000 360,000 $ 131,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 11,600 10,600 4,600 36,000 260,000 56,000 460,000 360,000 18,000 36,000 4,600 Totals $969,800 $969,800 2. Prepare a statement of stockholders' equity for the year ended December 31, 2018, assuming no common stock was issued during 2018 56,000 460,000 Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 360,000 18,000 36,000 4,600 Totals $969,800 $969,800 2. Prepare a statement of stockholders' equity for the year ended December 31, 2018, assuming no common stock was issued during 2018. FIGHTIN' BLUE HENS CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2018 Total Common Retained Stock Earnings Stockholders Equity $ 260,000 $ 56,000 $ 316,000 41.400 41,400 Balance at January 1 Less: Dividends Balance at December 31 $ 260,000 $ 97,400 $ 357.400

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