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Use the following information for the Quick Studies below. (Algo) (The following information applies to the questions displayed below.) On December 31, Hawkin's records show
Use the following information for the Quick Studies below. (Algo) (The following information applies to the questions displayed below.) On December 31, Hawkin's records show the following accounts. $ 7,900 900 2,000 14,700 7,400 12,100 Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense 5,400 3,800 17,400 8,000 2,900 2,100 QS 1-17 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December balance sheet for Hawkin. Hint Retained Earnings on December 31 equals $6,000. HAWKIN Balance Sheet December 31 Liabilities Assets Total Liabilities Equity Total Equity Total Liabilities and Equity Total Assets
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