Question: Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.) On December 31, Hawkin's
Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.) On December 31, Hawkin's records show the following accounts. Cash $ 5,900 Accounts Receivable Supplies 1,800 3,600 Equipment 14,800 Accounts Payable 6,400 Common stock 10,900 Retained earnings, December 1 4.400 Dividends 1,800 Services Revenue 16,400 Wages Expense 8,000 Rent Expense 1,900 Utilities Expense 1. 100 QS 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 $5,400 HAWKIN Statement of Retained Eamings For Month Ended December 21 Reted earnings December 1 Add: Netcome 0 Les Dividench Retained earnings December 31
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