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Required information Skip to question [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens
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[The following information applies to the questions displayed below.]
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Accounts | Debit | Credit | ||||||
Cash | $ | 10,900 | ||||||
Accounts Receivable | 139,000 | |||||||
Prepaid Rent | 4,900 | |||||||
Supplies | 24,500 | |||||||
Equipment | 290,000 | |||||||
Accumulated Depreciation | $ | 124,000 | ||||||
Accounts Payable | 10,900 | |||||||
Salaries Payable | 9,900 | |||||||
Interest Payable | 3,900 | |||||||
Notes Payable (due in two years) | 29,000 | |||||||
Common Stock | 190,000 | |||||||
Retained Earnings | 49,000 | |||||||
Service Revenue | 390,000 | |||||||
Salaries Expense | 290,000 | |||||||
Rent Expense | 14,500 | |||||||
Depreciation Expense | 29,000 | |||||||
Interest Expense | 3,900 | |||||||
Totals | $ | 806,700 | $ | 806,700 | ||||
2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common stock was issued during 2021.
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