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The following items and amounts were taken from Carla Vista Co.s 2022 income statement and balance sheet, the end of its first year of operations.
The following items and amounts were taken from Carla Vista Co.s 2022 income statement and balance sheet, the end of its first year of operations.
Interest expense | $ 2,100 | Equipment, net | $ 55,100 | |||
Interest payable | 800 | Depreciation expense | 3,700 | |||
Notes payable | 11,300 | Supplies | 4,500 | |||
Sales revenue | 50,100 | Common stock | 23,550 | |||
Cash | 3,400 | Retained earnings | ? | |||
Salaries and wages expense | 16,000 | Supplies expense | 950 |
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