Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense HAWKIN Statement of Retained Earnings For Month Ended December 31 etained earnings, December 1 $ 6,100 1,100 4,000 15,000 6,500 etained earnings, December 31 11,900 4,500 2,000 S 1-16 (Algo) Preparing a statement of retained earnings LO P2 e the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net come is $5,300. 16,500 8,000 2,000 1,200
Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense HAWKIN Statement of Retained Earnings For Month Ended December 31 etained earnings, December 1 $ 6,100 1,100 4,000 15,000 6,500 etained earnings, December 31 11,900 4,500 2,000 S 1-16 (Algo) Preparing a statement of retained earnings LO P2 e the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net come is $5,300. 16,500 8,000 2,000 1,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Urmilaben
![Required information
Use the following information for the Quick Studies below. (Algo)
[The following information applies to the questions displayed below.]
On December 31, Hawkin's records show the following accounts.
Cash
Accounts Receivable.
Supplies
Equipment
Accounts Payable
Common stock
Retained earnings, December 1
Dividends
Services Revenue
Wages Expense
Rent Expense
Utilities Expense
$ 6,100
1,100
4,000
15,000
6,500
11,900
4,500
2,000
16,500
8,000
QS 1-16 (Algo) Preparing a statement of retained earnings LO P2
HAWKIN
Statement of Retained Earnings
For Month Ended December 31
Retained earnings, December 1
2,000
1,200
Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net
income is $5,300.
Retained earnings, December 31](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4228ddce-1b24-4381-98e6-5bebf947f33f%2Ffbdc9c4e-6256-4bb2-b85e-2aa572fe8958%2F4b5mjj9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Quick Studies below. (Algo)
[The following information applies to the questions displayed below.]
On December 31, Hawkin's records show the following accounts.
Cash
Accounts Receivable.
Supplies
Equipment
Accounts Payable
Common stock
Retained earnings, December 1
Dividends
Services Revenue
Wages Expense
Rent Expense
Utilities Expense
$ 6,100
1,100
4,000
15,000
6,500
11,900
4,500
2,000
16,500
8,000
QS 1-16 (Algo) Preparing a statement of retained earnings LO P2
HAWKIN
Statement of Retained Earnings
For Month Ended December 31
Retained earnings, December 1
2,000
1,200
Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net
income is $5,300.
Retained earnings, December 31
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