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Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense. Interest Expense Inventory Notes Payable office Expense Prepaid Rent Retained Earnings (beginning), Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees. Cash received from customers PA1-3 (Algo) Part 2 2. Prepare a statement of retained earnings for 2021. NICE BITE, Incorporated Statement of Retained Earnings $ 47,000 24,800 94,900 82,000 154,000 0 138,700 10,300 29,700 17,400 25,700 14,500 7,200 7,300 35,900 141,800 25,300 10,000 $ 23,000 25,700 11,200 54,400 85,600 141,000

Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense. Interest Expense Inventory Notes Payable office Expense Prepaid Rent Retained Earnings (beginning), Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees. Cash received from customers PA1-3 (Algo) Part 2 2. Prepare a statement of retained earnings for 2021. NICE BITE, Incorporated Statement of Retained Earnings $ 47,000 24,800 94,900 82,000 154,000 0 138,700 10,300 29,700 17,400 25,700 14,500 7,200 7,300 35,900 141,800 25,300 10,000 $ 23,000 25,700 11,200 54,400 85,600 141,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable office Expense Prepaid Rent Retained Earnings (beginning), Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees. Cash received from customers PA1-3 (Algo) Part 2 2. Prepare a statement of retained earnings for 2021. NICE BITE, Incorporated Statement of Retained Earnings $ 47,000 24,800 94,900 82,000 154,000 0 138,700 10,300 29,700 17,400 25,700 14,500 7,200 7,300 35,900 141,800 25,300 10,000 $ 23,000 25,700 11,200 54,400 85,600 141,000
Transcribed Image Text:Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable office Expense Prepaid Rent Retained Earnings (beginning), Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees. Cash received from customers PA1-3 (Algo) Part 2 2. Prepare a statement of retained earnings for 2021. NICE BITE, Incorporated Statement of Retained Earnings $ 47,000 24,800 94,900 82,000 154,000 0 138,700 10,300 29,700 17,400 25,700 14,500 7,200 7,300 35,900 141,800 25,300 10,000 $ 23,000 25,700 11,200 54,400 85,600 141,000
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