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On December 31, F Company reports the following information: Stock issued $50,000 Diividends Postage expense 2,000 Salaries expense Legal expense 30,000 Supplies expense Service revenue
On December 31, F Company reports the following information: Stock issued $50,000 Diividends Postage expense 2,000 Salaries expense Legal expense 30,000 Supplies expense Service revenue 500,000 Rent expense Common stock, beginning 300,000 Retained earnings, beginning $ 40,000 200,000 4,000 20,000 150,000 1 Total expenses. 2 Net income. 3 Common stock, ending balance 4 Retained earnings, ending balance. 5 Total Stockholders' Equity
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