Question 64

The completed financial statement columns of the worksheet for Bridgeport Company are as follows.

Bridgeport Company Worksheet For the Year Ended December 31, 2019
				Income Statement				Balance Sheet
Account No.		Account Titles		Dr.		Cr.		Dr.		Cr.
101		Cash						9,100
112		Accounts Receivable						11,000
130		Prepaid Insurance						2,700
157		Equipment						24,400
158		Accumulated DepreciationEquip.								4,600
201		Accounts Payable								9,000
212		Salaries and Wages Payable								2,300
311		Common Stock								20,000
320		Retained Earnings								8,200
332		Dividends						18,600
400		Service Revenue				59,900
622		Maintenance and Repairs Expense		1,500
711		Depreciation Expense		3,300
722		Insurance Expense		1,700
726		Salaries and Wages Expense		30,300
732		Utilities Expense		1,400
		Totals		38,200		59,900		65,800		44,100
		Net Income		21,700						21,700
				59,900		59,900		65,800		65,800

Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Bridgeport Company Income Statement For the Year Ended December 31, 2019For the Month Ended December 31, 2019December 31, 2019
DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
		$
DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
	$
Dividends Expenses Investments Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues
DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		$

SHOW LIST OF ACCOUNTS

Prepare a retained earnings statement. (List items that increase retained earnings first.)

Bridgeport Company Retained Earnings Statement For the Year Ended December 31, 2019For the Month Ended December 31, 2019December 31, 2019
DividendsExpensesInvestments Net Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues			$
AddLess : DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
AddLess : DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues			$