Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. Cash CARLA VISTA...
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Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. Cash CARLA VISTA CO. Balance Sheet Assets Supplies Equipment (net) Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Stockholders' Equity Common stock $29,100 3100 (a) 63,700 95900 (b) $22,000 37.100 Retained earnings 36800 (c) Total liabilities and stockholders' equity $ 95900 (d) CARLA VISTA CO. Income Statement Revenues Depreciation expense Salaries and wages expense Interest expense Net income $55,500 16500 (e) 11,100 CARLA VISTA CO. Retained Earnings Statement 1,700 $26,200 Beginning retained earnings $ 16100 (f) Add: Net income 26700 (g) Less: Dividends 6,000 Ending retained earnings $36,600 Here are incomplete financial statements for Carla Vista Co.. Calculate the missing amounts. Cash CARLA VISTA CO. Balance Sheet Assets Supplies Equipment (net) Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Stockholders' Equity Common stock $29,100 3100 (a) 63,700 95900 (b) $22,000 37.100 Retained earnings 36800 (c) Total liabilities and stockholders' equity $ 95900 (d) CARLA VISTA CO. Income Statement Revenues Depreciation expense Salaries and wages expense Interest expense Net income $55,500 16500 (e) 11,100 CARLA VISTA CO. Retained Earnings Statement 1,700 $26,200 Beginning retained earnings $ 16100 (f) Add: Net income 26700 (g) Less: Dividends 6,000 Ending retained earnings $36,600
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