The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented Accounts Debit Credit Cash 12,000 150,000 6,000 30,000 400,000 Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) $ 135,000 12,000 11,000 5,000 40,000 300,000 60,000 Common Stock Retained Earnings Service Revenue 500,000 Salaries Expense Rent Expense Depreciation Expense Interest Expense 400,000 20,000 40,000 5,000 Totals $1,063,000 $1,063,000 2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common 2021.

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented Accounts Debit Credit Cash 12,000 150,000 6,000 30,000 400,000 Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) $ 135,000 12,000 11,000 5,000 40,000 300,000 60,000 Common Stock Retained Earnings Service Revenue 500,000 Salaries Expense Rent Expense Depreciation Expense Interest Expense 400,000 20,000 40,000 5,000 Totals $1,063,000 $1,063,000 2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common 2021.

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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