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Question #2 - Learning Objective: 01-03 Below are incomplete financial statements for Priceline, Incorporated. Calculate the missing amounts. Income Statement Statement of Stockholders' Equity
Question #2 - Learning Objective: 01-03 Below are incomplete financial statements for Priceline, Incorporated. Calculate the missing amounts. Income Statement Statement of Stockholders' Equity Retained Revenues S(a) Common Stock Expenses: Beginning $25,000 Earnings $12,000 Salaries 3,000 Issuances 5,000 Delivery 7,000 Net income 5,000 Utilities 5,000 Dividends -2,000 Net income 5,000 Ending $30,000 $15.000 Balance Sheet Assets: Liabilities: Cash $15,000 Accounts payable 15,000 Supplies 7,000 Stockholders' Equity: Prepaid rent Common stock (g) Equipment 35,000 Retained earnings (h) Total assets (f) Total liabilities and stockholders' equity (i)
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