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JG Foods provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: cash 18,375, delivery truck
JG Foods provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: cash 18,375, delivery truck 31,575, accounts payable 21,428, maintenance expense 8,175, salaries expense 76,875, SERVICE REVENUE 170,250 food expense 67,575, garage.office building 56,250, paper supplies 428, salaries payable 3,300... In addition, the company had common stock of 30,000 at the beginning of the year and issued an additional 9,375 during the year. The company also had retained earnings of 24,900 at the beginning of the year and did not declare any dividends during the year. 1. determine net income 2. determine ending common stock 3. determine ending retained earnings 4. determine total assets 5. determine liabilities 6. determine total stockholders equitiy
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