[The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash $ 5,100 Accounts Receivable 600 Supplies 2,000 Equipment 14,000 Accounts Payable 6,000 Common stock 6,900 Retained earnings, December 1 4,000 Dividends 1,000 Services Revenue 16,000 Wages Expense 8,000 Rent Expense 1,500 Utilities Expense 700 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint: Net income is $5,800.
[The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. Cash $ 5,100 Accounts Receivable 600 Supplies 2,000 Equipment 14,000 Accounts Payable 6,000 Common stock 6,900 Retained earnings, December 1 4,000 Dividends 1,000 Services Revenue 16,000 Wages Expense 8,000 Rent Expense 1,500 Utilities Expense 700 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint: Net income is $5,800.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[The following information applies to the questions displayed below.]
On December 31, Hawkin's records show the following accounts.
| Cash | $ 5,100 |
|---|---|
| 600 | |
| Supplies | 2,000 |
| Equipment | 14,000 |
| Accounts Payable | 6,000 |
| Common stock | 6,900 |
| 4,000 | |
| Dividends | 1,000 |
| Services Revenue | 16,000 |
| Wages Expense | 8,000 |
| Rent Expense | 1,500 |
| Utilities Expense | 700 |
Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint: Net income is $5,800.
Transcribed Image Text:HAWKIN
Statement of Retained Earnings
For Month Ended December 31
Retained earnings, December 1
Retained earnings, December 31
$
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