Question
Item7 1 points eBookPrintReferencesCheck my workCheck My Work button is now enabled2Item 7 Guwara Corporation provides the following information at the end of 2024. Salaries
Item7 1 points eBookPrintReferencesCheck my workCheck My Work button is now enabled2Item 7 Guwara Corporation provides the following information at the end of 2024. Salaries payable to workers at the end of the year $1,300 Advertising expense for the year 8,400 Building that has been purchased 60,000 Supplies at the end of the year 2,600 Retained earnings 32,000 Utilities expense for the year 4,000 Note payable to the bank 15,000 Service revenue performed during the year 59,400 Salary expense for the year 24,700 Accounts payable to suppliers 5,700 Dividends paid to shareholders during the year (?) Common stock that has been issued, including $4,000 that was issued this year 23,000 Cash remaining 3,200 Interest expense for the year 1,100 Accounts receivable from customers 11,200 Retained earnings at the beginning of the year 19,800 Required: Prepare the income statement for the year ended December 31, 2024. Prepare the statement of stockholders equity for the year ended December 31, 2024. Prepare the balance sheet for the year ended December 31, 2024.
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