Reference no: EM133107828
Question - At the end of 2018, Practice Corporation reports the following amounts
Cash $1,200 Service revenue $64,700
Equipment 26,000 Supplies expense 4,900
Accounts payable 3,800 Buildings 31,000
Interest expense 2,800 Rent expense 10,000
Delivery expense 2,000 Supplies 2,800
Salaries expense 40,000 Salaries payable 700
In addition, the company had common stock of $34,000 at the beginning of the year and issued an additional $3,400 during the year. The company also had retained earnings of $17,100 at the beginning of the year and paid $3,000 dividend during the year.
Required - Prepare income statement, statement of stockholders' equity and balance sheet and answer the following fill-in the blanks
Net income
Ending common stock
Ending retained earning
Ending stockholders' equity
Total asset
Total liabilities