Complete the following financial statements. Complete the Balance Sheet Use this space to complete the headers....

 

Transcribed Image Text:

Complete the following financial statements. Complete the Balance Sheet Use this space to complete the headers. ASSETS: Total Assets LIABILIITIES & STOCKHOLDERS' EQUITY LIABILITIES: Total Liabilities STOCKHOLDERS' EQUITY Complete the body of the statements using these lines. The income statement has more lines than you should need. List each account individually. You may abbreviate names. I put some suggested abbreviations Capital Stock $17,500 in parentheses. Retained Earnings $1,975 Total Stockholders Equity TOTAL LIABILITIES & STOCKHOLDERS' EQUITY Income Statement Complete the following financial statements. Complete the Balance Sheet Use this space to complete the headers. ASSETS: Total Assets LIABILIITIES & STOCKHOLDERS' EQUITY LIABILITIES: Total Liabilities STOCKHOLDERS' EQUITY Complete the body of the statements using these lines. The income statement has more lines than you should need. List each account individually. You may abbreviate names. I put some suggested abbreviations Capital Stock $17,500 in parentheses. Retained Earnings $1,975 Total Stockholders Equity TOTAL LIABILITIES & STOCKHOLDERS' EQUITY Income Statement