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Use the following information for the year ended December 31, 2022. Supplies $ 1,000 Service revenue $18.000 Other operating expenses 12,000 Cash 15,000 Accounts payable
Use the following information for the year ended December 31, 2022.
Supplies
$ 1,000
Service revenue
$18.000
Other operating expenses
12,000
Cash
15,000
Accounts payable
9,000
Dividends
1,000
Accounts receivable
3,000
Notes payable
1,000
Common stock
9,000
Equipment
13,000
Retained earnings (beginning)
5,000
Calculate the following: (Enter loss using either a negative sign preceding the number eg. -45 or parentheses eg. (45))
Net income/(net loss)
Ending retained earnings
Total assets
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