Question

Rutgers Designers began operations on April 1. The financial statements for Rutgers Designers are shown below for the month ended April 30. (the first month of operations. Determine the missing amounts for each letter. N/A are omitted amounts; they are NOT equal to 0 536,000 Rutgers Designers Income Statement For the Month Ended April 30 Revenue: Expenses: Wages expense Rent expense Supplies expense Utilities expense Miscellaneous expense Total expenses Net income $7.250 4.200 1.800 500 1.550 15.300 (A) Rutgers Designers Statement of Stockholders' Equity For the Month Ended April 30 S 0 Stockholders' Equity, April 1 Investment on Aprili Net income for April Dividends Increase in stockholders' equity Stockholders' Equity, April 30 $45.000 (A) (2.000) N/A N/A SN/A Assets Cash Accounts Receivable Supplies Land Total assets Rutgers Designers Balance Sheet April 30 Liabilities $ (B) Accounts payable 3,000 Stockholders' Equity NA Contributed capital Retained Earnings 580.909 Total liabilities and stockholders' equity 45,000 (D) SE)

PLEASE HELP!!! ?????

Answer 1

$36,000.00 Rutgers designers Income statement For the month ended April 30 Revenue Expenses Wages expense $ 7,250.00 Rent expense $ 4,200.00 Supplies expense $ 1,800.00 Utilities expense $ 500.00 Miscellanoues expense $ 1,550.00 Total expenses Net Income $ 15,300.00 $ 20,700.00 Rutgers designers Statement of stockholders Equity For the month ended April 30 Stockholders equity April 1 $ Investments on April 1 $45,000.00 Net Income for april $ 20,700.00 Dividends $ (2,000.00) Increase in stockholders equity $63,700.00 Stockholders equity April 30 $63,700.00 $ 17,200.00 Assets Cash Accounts receivable Supplies Land Rutgers designers Balance sheet Apr-30 Liabilities $51,800.00 Accounts payable $ 3,000.00 Shareholders Equity $ 6,100.00 Contributed capital $20,000.00 Retained Earnings Total liabilities and $ 80,900.00 Stockholders Equity $45,000.00 $18,700.00 Total Assets $ 80,900.00 А 20700 Net income Cash B 51800 C Land D Retained Earnings Total Stockholders equity 20000 18700 63700 E Note: Cash balance and Land balance has taken from Cash flows Note: Please comment down for any further clarifiactions.