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We have learned that financial statements are connected to one another. Using that knowledge, fill in the blanks indicated by the alphabetic letters in the
We have learned that financial statements are connected to one another. Using that knowledge, fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation Connect accepts answers with OR without commas, dollars sign, parenthesis, etc. Income Statement Revenue Expenses Net Income $37,000 A Statement of Changes in Equity Beginning Common Stock Add: Stock issued Ending Common Stock $O $45700 $45.700 $0 Beginning Retained Earnings Add: Net Income Less: Dividends Ending Retained Earnings Total Stockholders Equity ($11700) $14,100 Balance Sheet Assets Cash Land Total Assets E $10,500 $66,900 Liabilities Accounts Payable F Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity $45,700 G H $66,900 B C D O w LUI F G H
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