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Question 13 Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $29,700 Supplies (a) Equipment (net)
Question 13 Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $29,700 Supplies (a) Equipment (net) 61,800 Total assets (b) Liabilities and Stockholders' Equity Liabilities Notes payable $22,000 Stockholders' Equity Common stock 38,900 Retained earnings (c) Total liabilities and stockholders' equity dy. (d) IVANHOE COMPANY Income Statement $58,000 Revenues IVANHOE COMPANY Income Statement $58,000 Revenues Depreciation expense (e) Salaries and wages expense Interest expense 11,600 1,300 Net income $25,800 IVANHOE COMPANY Retained Earnings Statement Beginning retained earnings (f) Add: Net income (9) Less: Dividends 5,000 Ending retained earnings $36,600 Click if you would like to Show Work for this question: Open Show Work
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