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Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained | Stockholders Stock Earnings Equity Beginning balance $ 10.000 $ 7,000 $ 17,000 Issuances 1.100 1.100 Add: Net income Less: Dividends (3,000) (3,000) Ending balance $ 11,100 $ 10,000 $ 21,100 BULLDOG, INC. Ralano Chat Assets S Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet _ Liabilities 4,000 Accounts payable 3,000 Stockholders' Equity 9,000 Common stock 10,000 Retained earnings 26,000 Total liabilities and stockholders' equity A S
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