Use the following information for the year ended December 31, 2022. Prepaid insurance Operating expenses Accounts payable Accounts receivable Common stock Retained earnings (beginning) Equipment Net income/(net loss) Ending retained earnings Total liabilities $ $ $1,100 $ 12,400 9,900 2.700 8,500 6,100 67,000 Service revenue $20,800 Cash Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Dividends Notes payable Bonds payable 15,800 1,300 2,500 52,500
Use the following information for the year ended December 31, 2022. Prepaid insurance Operating expenses Accounts payable Accounts receivable Common stock Retained earnings (beginning) Equipment Net income/(net loss) Ending retained earnings Total liabilities $ $ $1,100 $ 12,400 9,900 2.700 8,500 6,100 67,000 Service revenue $20,800 Cash Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Dividends Notes payable Bonds payable 15,800 1,300 2,500 52,500
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Use the following information for the year ended December 31, 2022.
Prepaid insurance
Operating expenses
Accounts payable
Accounts receivable
Common stock
Net income / (net loss)
Ending retained earnings
8,500
Retained earnings (beginning) 6,100
Equipment
67,000
Total liabilities
$
$1,100
$
12,400
$
9,900
2,700
Service revenue $20,800
Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Cash
Dividends
Notes payable
Bonds payable
15,800
1,300
2,500
52,500
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