On December 31, Hawkin's records show the following accounts. Cash $ 6,500 Accounts Receivable 1,300 Supplies 2,500
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Question:
On December 31, Hawkin's records show the following accounts.
| Cash | $ 6,500 |
|---|---|
| Accounts Receivable | 1,300 |
| Supplies | 2,500 |
| Equipment | 15,400 |
| Accounts Payable | 6,700 |
| Common stock | 11,600 |
| Retained earnings, December 1 | 4,700 |
| Dividends | 2,400 |
| Services Revenue | 16,700 |
| Wages Expense | 8,000 |
| Rent Expense | 2,200 |
| Utilities Expense | 1,400 |
Use the above information to prepare a December balance sheet for Hawkin. Hint: Retained Earnings on December 31 equals $7,400.
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Expert Answer:
Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
