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how to complete a balance sheet Kimmel, Financial Accounting, 9e Help I System Announcements PLUS Here are incomplete financial statements for Sandhill Co. Calculate the
how to complete a balance sheet
Kimmel, Financial Accounting, 9e Help I System Announcements PLUS Here are incomplete financial statements for Sandhill Co. Calculate the missing amounts. SANDHILL CO Balance Sheet a1-a2 Assets Cash $14,700 a, b1-b2 Inventory 17,700 Buildings 37,300 Total assets $69,700 by Liabilities and Stockholders' Equity Liabilities Accounts payable $6,000 Stockholders Equity Common stock (a) 63700 Retained camings (b) 6000 Total liabilities and stockholders' equity $69,700 SANDHILL CO. Income Statement Revenues $84,900 Cost of goods sold (c) Salaries and wages expense 10,130 Net income (d) SANDHILL CO. Retained Earnings Statement Beginning retained earnings $19,700 Add: Net income (e) 39560 Less: Dividends 4,860 Ending retained earnings $34,700 Click if you would like to Show Work for this question: Modify Show Work Type here to search O Step by Step Solution
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