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This is the financial information for Jack & Jill's Water Bucket Company for the year ended December 31,20x0. The company issued 1,000 new shares of

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This is the financial information for Jack & Jill's Water Bucket Company for the year ended December 31,20x0. The company issued 1,000 new shares of common stock for $10,000 on May 1, 20X0 and declared and paid dividends of $4,000 in 20X0. Beginning Common Stock was $90,000 and the beginning Retained Earnings was $100,600. Prepare the Financial Statements Accounts Payable Accounts Receivable Advertising Expense Cash Common Stock (10,000 Shares) Cost of Sales Inventory Land Security Deposit 60,000 50,000 8,000 50,000 100,000 72,000 60,000 200,000 28,000 Interest Expense Note Payable, Long-Term Rent Expense Retained Earnings Sales Tax Expense Utilities Expense Wage Expense Wages Payable 8,000 80,000 24,000 142,000 200,000 18,600 4,000 20,000 6,000

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