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Problem 1-4A Understand the format of financial statements and the links among them (LO1-3) Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the
Problem 1-4A Understand the format of financial statements and the links among them (LO1-3) Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 30,000 Expenses: Salaries Advertising 4,200 2,200 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 8,200 $ 5,200 $ 13,400 Issuances 1,000 1,000 Add: Net income Less: Dividends Ending balance (1,200) 8,200 (1,200) 17,400 $ 9,200 $ $ BULLDOG, INC. Balance Sheet Assets Liabilities Cash $ Accounts receivable 2,200 Accounts payable 2,700 7,200 Common stock Stockholders' Equity Supplies Equipment 8,200 Retained earnings $ 20,300 Total liabilities and stockholders' equity Total assets
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