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Required information [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable Supplies
Required information [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable Supplies $ 7,500 700 4,500 Equipment 14,300 Accounts Payable 7,200 Common stock 11,500 Retained earnings, December 1 5,200 Dividends 1,500 Services Revenue 17,200 Wages Expense 8,000 Rent Expense 2,700 Utilities Expense 1,900 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net income is $4,600. HAWKIN Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 Retained earnings, December 31
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