[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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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.

 

HAWKIN
Statement of Retained Earnings
For Month Ended December 31
Retained earnings, December 1
Retained earnings, December 31
$
CA
0
0
Transcribed Image Text:HAWKIN Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 Retained earnings, December 31 $ CA 0 0
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