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Business
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Cash $ 5,100 Accounts Receivable 600 Supplies 2,000 Equipment 14,000 Accounts Payable 6,000 Common stock 6,900 Retained earnings, December 1 4,000 Dividends 1,000 Services Revenue 16,000 Wages Expense 8,000 Rent Expense 1,500 Utilities Expense 700     HAWKIN Income Statement For Month Ended December 31 Revenues     Services revenue   $16,000 Expenses     Utilities expense $700   Wages expense 8,000   Rent expense 1,500   Dividends 1,000   Total expenses   11,200 Net loss   $

Cash $ 5,100 Accounts Receivable 600 Supplies 2,000 Equipment 14,000 Accounts Payable 6,000 Common stock 6,900 Retained earnings, December 1 4,000 Dividends 1,000 Services Revenue 16,000 Wages Expense 8,000 Rent Expense 1,500 Utilities Expense 700     HAWKIN Income Statement For Month Ended December 31 Revenues     Services revenue   $16,000 Expenses     Utilities expense $700   Wages expense 8,000   Rent expense 1,500   Dividends 1,000   Total expenses   11,200 Net loss   $

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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Cash $ 5,100
Accounts Receivable 600
Supplies 2,000
Equipment 14,000
Accounts Payable 6,000
Common stock 6,900
Retained earnings, December 1 4,000
Dividends 1,000
Services Revenue 16,000
Wages Expense 8,000
Rent Expense 1,500
Utilities Expense 700
 
 
HAWKIN
Income Statement
For Month Ended December 31
Revenues    
Services revenue   $16,000
Expenses    
Utilities expense $700  
Wages expense 8,000  
Rent expense 1,500  
Dividends 1,000  
Total expenses   11,200
Net loss   $
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