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 Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings December 11 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense QS 1 17 Algo Preparing a balance sheet LO P2 Use the above information to prepare a December balance sheet for Hawkin Hint Retained Earnings on December 31 equal Assets HAWKIN Balance Sheet December 31 Liabilities 8 100 1 000 2 400 14 900 7 500 11 000 5 500 1 900 17 500 8 000 3 000 2 200 Total Liabilities Equity