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Question 6 Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. (a) (b) CARLA VISTA CO. Balance Sheet Assets Cash $29,400
Question 6 Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. (a) (b) CARLA VISTA CO. Balance Sheet Assets Cash $29,400 Supplies Equipment (net) 60,300 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable $23,800 Stockholders' Equity Common stock 38,100 Retained earnings Total liabilities and stockholders' equity (c) (d) CARLA VISTA CO. Income Statement $53,500 Revenues Depreciation expense Salaries and wages expense Interest expense Net Income 10,900 1.900 $26,700 CARLA VISTA CO. Retained Earnings Statement Beginning retained earnings $ Add: Net income co) Less: Dividends Ending retained earnings 5.400 $37,200
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