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[The following information applies to the questions displayed below. The December 31, 2018, adjusted trial balance for Blue Hens Corporation is presented below. Credit Accounts
[The following information applies to the questions displayed below. The December 31, 2018, adjusted trial balance for Blue Hens Corporation is presented below. Credit Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Debit $ 10,200 132,000 4,200 21,000 220,000 $ 117,000 10,200 9,200 3,200 22,000 120,000 42,000 320,000 220,000 11,000 22,000 3,200 Totals $643,600 $643,600 2. Prepare a statement of stockholders' equity for the year ended December 31, 2018, assuming no common stock was issued during 2018. FIGHTIN' BLUE HENS CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2018 Total Common Stock Retained Earnings Stockholders Equity Balance at January 1 Less: Dividends Balance at December 31 3. Prepare a classified balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2018 Assets Liabilities Total current asset:s 0 Total current liabilities 0 Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' equity 0 Total assets 0
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