Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Flush Janitorial...
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Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Flush Janitorial Service, Inc., at the end of 2019 and 2018: December 31, 2019 December 31, 2018 Accounts payable.. $ 17,000 $ 18,000 Cash.. 50,000 44,000 Accounts receivable 78,000 62,000 Land. Building, net Equipment, net.. Mortgage payable.. Supplies . Common stock Dividends 92,000 92,000 520,000 500,000 75,000 77,000 175,000 27,000 205,000 22,000 420,000 420,000 20,000 Retained earnings Required a. Prepare a balance sheet as of December 31 of each year. b. Prepare a statement of stockholders' equity for 2019. (Hint: The increase in retained earnings is equal to the net income less the dividend.) Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Flush Janitorial Service, Inc., at the end of 2019 and 2018: December 31, 2019 December 31, 2018 Accounts payable.. $ 17,000 $ 18,000 Cash.. 50,000 44,000 Accounts receivable 78,000 62,000 Land. Building, net Equipment, net.. Mortgage payable.. Supplies . Common stock Dividends 92,000 92,000 520,000 500,000 75,000 77,000 175,000 27,000 205,000 22,000 420,000 420,000 20,000 Retained earnings Required a. Prepare a balance sheet as of December 31 of each year. b. Prepare a statement of stockholders' equity for 2019. (Hint: The increase in retained earnings is equal to the net income less the dividend.)
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The balance sheet fir the 2 years will be prepared in the following manner Flush Janitorial Services ... View the full answer
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