Required information Use the following information for the Quick Studies below. (- [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts.we Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense $ 7,900 900 2,000 14,700 7,400 17,500 3,800 17,400 8,000 2,900 2,100 S 1-17 (Algo) Preparing a balance sheet LO P2
Required information Use the following information for the Quick Studies below. (- [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts.we Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense $ 7,900 900 2,000 14,700 7,400 17,500 3,800 17,400 8,000 2,900 2,100 S 1-17 (Algo) Preparing a balance sheet LO P2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
s
![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
Hawkin, Capital, December 1
Hawkin, Withdrawals
Services Revenue
Wages Expense
Rent Expense
Utilities Expense
Assets
QS 1-17 (Algo) Preparing a balance sheet LO P2
Use the above information to prepare a December balance sheet for Hawkin.
Total Assets
$ 7,900
900
$
2,000
14,700
7,400
17,500
3,800
17,400
8,000
2,900
2,100
Equity
HAWKIN
Balance Sheet
December 31
Liabilities
0 Total Liabilities and Equity
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F782a0318-775f-415d-b3e0-47f009dce30c%2F2a84d647-396f-4c1c-b7ee-5c60642bc722%2Fe0zcabh_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
Hawkin, Capital, December 1
Hawkin, Withdrawals
Services Revenue
Wages Expense
Rent Expense
Utilities Expense
Assets
QS 1-17 (Algo) Preparing a balance sheet LO P2
Use the above information to prepare a December balance sheet for Hawkin.
Total Assets
$ 7,900
900
$
2,000
14,700
7,400
17,500
3,800
17,400
8,000
2,900
2,100
Equity
HAWKIN
Balance Sheet
December 31
Liabilities
0 Total Liabilities and Equity
$
0
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