Question: Missing information in financial statements Required Fill in the blanks (indicated by the alphabetic letters in parentheses) in the following financial statements. Assume the company

Missing information in financial statements

Required

Fill in the blanks (indicated by the alphabetic letters in parentheses) in the following financial statements. Assume the company started operations January 1, 2008, and all transactions involvecash.

For the Years 2009 2010 Income Statements S 500 Revenue Expense Net income S 800 250425) S 375 S 400 S (a) 100 Statement of Changes in Stockholders Equity S mS 9,100 310 Beginning common stock Plus: Common stock issued Ending common stock Beginning retained earnings Plus: Net income Less: Dividends Ending retained earnings Total stockholders' equity 1,100 9,100 25 100 8,000 75 375 (50 (150 300 25 (nl S (e) .175 S it continued

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FOR THE YEARS 2008 2009 2010 Income Statements Revenue cash 400 500 800 Expense cash 250 l 400 425 Net Income a 150 100 375 Statements of Changes in Stockholders Equity Beginning Common Stock 0 m 8000 ... View full answer

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