Question: Course Code ACT 501 Course Title Financial and Managerial Accounting Complete the financial statements that follow by determining the amounts that correspond to the letters.
Course Code ACT 501 Course Title Financial and Managerial Accounting
Complete the financial statements that follow by determining the amounts that correspond to the letters.
Financial Statements:
| Income Statement | |
| Items | $ |
| Revenue | 14100 |
| Expenses | .............. (A) |
| Net Income | 5000 |
| Statement of Retained Earnings | |
| Beginning Balance | 29000 |
| Net Income | ............ (B) |
| Less Dividends | 6000 |
| Ending Balance | ............. (C) |
| Balance Sheet | |
| Total Assets | .............. (D) |
| Total Liabilities | 16000 |
| Stockholders' Equity | 150000 |
| Common Stock | 122000 |
| Retained Earnings | ............. (E) |
| Total Liabilities and Stockholders' equity | 166,000 |
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