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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. Assets Cash Accounts Receivable Supplies. Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense Total Assets 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 equals $6,600. 5 HAWKIN Balance Sheet December 31 Liabilities $ 7,300 600 4,100 14, 100 7,100 12,400 Total Liablities Equity 5,100 3,200 17,100 1,000 2,600 1,800 Total Equity 0 Total Liablities and Equity S S S 0 0 0 B

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HAWKIN Balance Sheet December 31 Assets Accounts Receivable 7 700 Supplies 4 10 View the full answer


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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Question Details
Chapter # 12- Valuation: Cash-Flow-Based Approaches
Section: INTEGRATIVE CASE
Problem: 2
Posted Date: August 28, 2023 01:38:40
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