Income Statements Revenue Cost and expenses Net income Balance Sheets Assets Cash Other assets Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 1 $ $ $ GA $ 905 35 1,930 2,340 1,530 1,565 $ 2,340 Year 2 $ 1,725 (1,085) $ 2,550 $ 3,790 $ 1,530 675 $ Year 3 (2,430) $ 175 2,530 $ 1,030 Year 4 $ 2,945 (2,645) $ 1,890 $ 4,510 $ 2,030 850 2,380 3,790 $ 3,410 $ 3,180 4,510

Income Statements Revenue Cost and expenses Net income Balance Sheets Assets Cash Other assets Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 1 $ $ $ GA $ 905 35 1,930 2,340 1,530 1,565 $ 2,340 Year 2 $ 1,725 (1,085) $ 2,550 $ 3,790 $ 1,530 675 $ Year 3 (2,430) $ 175 2,530 $ 1,030 Year 4 $ 2,945 (2,645) $ 1,890 $ 4,510 $ 2,030 850 2,380 3,790 $ 3,410 $ 3,180 4,510

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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