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)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Below are incomplete financial statements for Bulldog, Inc.
Required:
Calculate the missing amounts.
Transcribed Image Text: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)
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