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Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 37,000 Expenses: Salaries Advertising 5,600 Utilities
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 37,000 Expenses: Salaries Advertising 5,600 Utilities 3,600 Net income BULLDOG, INC. Statement of Stockholders' Equity Common Retained Stock Earnings $ 9,600 $ 1,000 $ 10,600 $ Beginning balance Issuances Add: Net income Less: Dividends Ending balance Total Stockholders' Equity 6,600 $ (2,600) 9,600 $ 16,200 1,000 (2,600) 20,200 Cash Accounts receivable Supplies Equipment Total assets Assets $ $ BULLDOG, INC. Balance Sheet 3,600 Accounts payable 2,600 8,600 Common stock 9,600 Retained earnings 24,400 Liabilities Stockholders' Equity Total liabilities and stockholders' equity
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