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 QS 1-16 (Algo) Preparing a statement of retained earnings LO P2 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net income is $3,800. HAWKIN Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 Retained earnings, December 31 $ 0 $9,100 1,500 2,100 15,900 8,000 13,700 6,000 2,900 18,000 8,000 3,500 2,700 0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Accounting

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
Retained earnings, December 1
Retained earnings, December 31
QS 1-16 (Algo) Preparing a statement of retained earnings LO P2
Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net
income is $3,800.
0
$ 9,100
1,500
0
2,100
15,900
8,000
13,700
6,000
2,900
18,000
8,000
3,500
2,700
S
Transcribed Image Text: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 Retained earnings, December 1 Retained earnings, December 31 QS 1-16 (Algo) Preparing a statement of retained earnings LO P2 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net income is $3,800. 0 $ 9,100 1,500 0 2,100 15,900 8,000 13,700 6,000 2,900 18,000 8,000 3,500 2,700 S
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