Homework Answers
Calculate missing amount
Balance sheet
| Assets | |
| Cash | 14700 |
| Inventory | 17700 |
| Building | 37300 |
| Total assets | 69700 |
| Liabilities and stockholder's equity | |
| Liabilities | |
| Account payable | 6000 |
| Stockholder's equity | |
| Common Stock | 29000 |
| retained earnings | 34700 |
| Total liabilities and stockholder's equity | 69700 |
Income statement
| Revenue | 84900 |
| Cost of goods sold | 54910 |
| Salaries and wages expense | 10130 |
| Net income | 19860 |
Retained earnings statement
| Beginning retained earnings | 19700 |
| Add: Net income | 19860 |
| Less: Dividends | 4860 |
| Ending retained earnings | 34700 |
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calculate missing amounts
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