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B Compass I Moodle O YouTube LU P Piazza • UIUC Regi : Ch. 1 6 Saved Below are incomplete financial statements for Bulldog, I
I Moodle P Piazza • UIUC Reg BCompass YouTube Ch. 1i Saved BULLDOG, INC. Statement of Stockholders Equity Total Stockholders
BULLDOG, INC. Balance Sheet Assets Liabilities Cash 3,300 Accounts payable Stockholders Equity Accounts receivable 2,300 8,3
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BULLDOG,INC.
Income Statement
Revenue $            35,500
Expenses:
Salaries $            21,600
Advertising $              5,300
Utilities $              3,300
Net Income $              5,300
BULLDOG,INC.
Statement of Stockholders` Equity
Common Stock Retained Earnings Total Stockholders` Equity
Beginning Balance $              9,300 $           6,300 $                         15,600
Issuance $              1,000 $                           1,000
Add: Net Income $           5,300 $                           5,300
Less: Dividends $         (2,300) $                         (2,300)
Ending balance $            10,300 $           9,300 $                         19,600
BULLDOG,INC.
BALANCE SHEET
Assets Liabilities
Cash $             3,300 Accounts payable $        3,600
Accounts receivable $             2,300 Stockholders` Equity
Inventory of sofas $             8,300 Common Stock $      10,300
Stores and property $             9,300 Retained earnings $        9,300
Total Assets $          23,200 Total Liabilities & shareholders` equity $      23,200
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