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Shenika Salon & Spa, Inc. hired a bookkeeper who prepared the following Balance Sheet: Assets Liabilities Current Assets: Current Liabilities: Cash $ 31,050 Accounts payable

Shenika Salon & Spa, Inc. hired a bookkeeper who prepared the following Balance Sheet: Assets Liabilities Current Assets: Current Liabilities: Cash $ 31,050 Accounts payable Accounts receivable 23,405 Notes payable Supplies 2,525 Prepaid insurance 1,100 Stockholder's Equity Equipment 13,950 Common Stock Total Assets Retained Earnings Total Stockholder's Equity Total Liabilities +Stockholder's Equity $ 17,990 12,900 35,000 Shenika Salon & Spa, Inc. hired a bookkeeper who prepared the following Balance Sheet: Assets Liabilities Current Assets: Current Liabilities: Cash $ 31,050 Accounts payable Accounts receivable 23,405 Notes payable Supplies 2,525 Prepaid insurance 1,100 Stockholder's Equity Equipment 13,950 Common Stock Total Assets Retained Earnings Total Stockholder's Equity Compute Retained Earnings. Total Liabilities + Stockholder's Equity $ 17,990 12,900 35,000

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