The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable $
Fantastic news! We've Found the answer you've been seeking!
Question:
The information on the following page was obtained from the records of Breanna Incorporated:
Accounts receivable | $ 10,400 |
---|---|
Accumulated depreciation | 51,200 |
Cost of goods sold | 126,000 |
Income tax expense | 8,500 |
Cash | 60,500 |
Net sales | 208,000 |
Equipment | 121,000 |
Selling, general, and administrative expenses | 36,000 |
Common stock (8,000 shares) | 90,000 |
Accounts payable | 10,800 |
Retained earnings, 1/1/22 | 23,750 |
Interest expense | 6,000 |
Merchandise inventory | 37,600 |
Long-term debt | 38,000 |
Dividends declared and paid during 2022 | 15,750 |
Prepare a statement of changes in stockholders’ equity for the year ended December 31, 2022, for Breanna Incorporated.
Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
Posted Date: