Use the following information for the Quick Studies below. (Algo) [The following information applies to...
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Accounting
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 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense $ 7,900 900 2,000 14,700 7,400 12,100 5,400 3,800 17,400 8,000 2,900 2,100 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 $4,400. HAWKIN Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 Retained earnings, December 31
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