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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31,

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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash $ 7,900 Accounts Receivable 900 Supplies 2,000 Equipment 14,700 Accounts Payable 7,400 Common stock 12,100 Retained earnings, December 1 5,400 Dividends 3,800 Services Revenue 17,400 Wages Expense 8,000 Rent Expense 2,900 Utilities Expense 2,100 QS 1-15 (Algo) Preparing an income statement LO P2

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