BULLDOG, INC. BULLDOG, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Income Statement Year ended Dec. 31, 2021 Common Retained Total Stk. Revenues $39,000 Stock Earnings Equity Expenses: Beginning balance $10,000 $7,000 $17,000 Salaries (a) Issuances 1,100 1,100 Advertising 6,000 Add: Net income (c) (3,000) $10,000 (c) (3,000) $21,100 Utilities 4,000 Less: Dividends Net income (b) Ending balance $11,100 BULLDOG, INC. Balance Sheet Dec. 31, 2021 Assets Liabilities Cash $ 4,000 Accounts payable (d) Accounts receivable 3,000 Stockholders' Equity Supplies 9,000 Common stock (e) (f) Equipment 10,000 Retained earnings Total liabilities and Total assets $26,000 stockholders' equity (g)

BULLDOG, INC. BULLDOG, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Income Statement Year ended Dec. 31, 2021 Common Retained Total Stk. Revenues $39,000 Stock Earnings Equity Expenses: Beginning balance $10,000 $7,000 $17,000 Salaries (a) Issuances 1,100 1,100 Advertising 6,000 Add: Net income (c) (3,000) $10,000 (c) (3,000) $21,100 Utilities 4,000 Less: Dividends Net income (b) Ending balance $11,100 BULLDOG, INC. Balance Sheet Dec. 31, 2021 Assets Liabilities Cash $ 4,000 Accounts payable (d) Accounts receivable 3,000 Stockholders' Equity Supplies 9,000 Common stock (e) (f) Equipment 10,000 Retained earnings Total liabilities and Total assets $26,000 stockholders' equity (g)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 22E

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