On December 31, Hawkin's records show the following accounts $ 7,300 600 4,100 14,100 7,100 Cash...

 

Transcribed Image Text:

On December 31, Hawkin's records show the following accounts $ 7,300 600 4,100 14,100 7,100 Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Mages Expense Rent Expense utilities Expense HAWKIN Statement of Retained Earnings For Month Ended December 31 OS 1-16 (Algo) Preparing a statement of retained earnings LO P2 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net income is $4,700. Retained earrings, December 1 Retained earings, December 31 S 0 12,400 5,100 3,200 17,100 0 8,000 2,690 1,800 On December 31, Hawkin's records show the following accounts $ 7,300 600 4,100 14,100 7,100 Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Mages Expense Rent Expense utilities Expense HAWKIN Statement of Retained Earnings For Month Ended December 31 OS 1-16 (Algo) Preparing a statement of retained earnings LO P2 Use the above information to prepare a statement of retained earnings for Hawkin for the month ended December 31. Hint. Net income is $4,700. Retained earrings, December 1 Retained earings, December 31 S 0 12,400 5,100 3,200 17,100 0 8,000 2,690 1,800

Answer rating: 100% (QA)

Lets calculate the retained earnings Retained earnings December 1 This is given as 5100 Net Income ... View the full answer