Preparation of financial statements On December 31, 2021, Mian Company's records show the following accounts. Use the following information to prepare: Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, December 1 Dividends Services revenue Wages expense Rent expense Utilities expense $5,100 600 2,000 14,000 $6,000 6,900 4,000 1,000 $16,000 8,000 1,500 700
Preparation of financial statements On December 31, 2021, Mian Company's records show the following accounts. Use the following information to prepare: Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, December 1 Dividends Services revenue Wages expense Rent expense Utilities expense $5,100 600 2,000 14,000 $6,000 6,900 4,000 1,000 $16,000 8,000 1,500 700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Preparation of financial statements
On December 31, 2021, Mian Company's records show the following accounts. Use the
following information to prepare:
Cash
Accounts receivable
Supplies
Equipment
Accounts payable
Common stock
Retained earnings, December 1
Dividends
Services revenue
Wages expense
Rent expense
Utilities expense
$5,100
600
2,000
14,000
$6,000
6,900
4,000
1,000
$16,000
8,000
1,500
700

Transcribed Image Text:a. An Income Statement for the month ended December 31.
b. A Statement of Retained Earnings for the month ended December 31.
c. A Balance Sheet dated December 31.
2
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