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Nash's Trading Post, LLC is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December
Nash's Trading Post, LLC is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017. Service revenue (from camping fees) $134,640 Dividends $9,180 25,500 Sales revenue (from general store) Notes payable 51,000 Accounts payable Expenses during 2017 11,220 128,520 Supplies Cash 8,670 5,610 116,280 Equipment Common stock 40,800 Retained earnings (1/1/2017) 5,100 Determine Nash's Trading Post, LLC's net income for 2017. $ Nash's Trading Post, LLC's net income for 2017 eTextbook and Media List of Accounts Prepare a retained earnings statement for Nash's Trading Post, LLC year ended December 31, 2017. (List items that increase retained earnings first.) Nash's Trading Post, LLC Retained Earnings Statement eTextbook and Media List of Accounts Prepare a balance sheet for Nash's Trading Post, LLC as of December 31, 2017. (List assets in order of liquidity.) Nash's Trading Post, LLC Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $ eTextbook and Media List of Accounts
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