Clinicals (5) Fax Inboundia)Ihx Card)IntakaDoc Account # | Lname | Fname | Fax Receipt Date | Note | DME Cat pr ‘”‘nting ( h 1 & 2 Hw-Internet ㅏ xplorer A ·EeFina del Accountingch 1&n. A Bhttp ://ezto.mheducation.com hm.tpx w Favorikes Tools Help Log In toewel ty® amedcel Login to Med-Cel Nsviet Sign In Providers CON1-1 Part 2 2. Prepare a statement of stockholders’ equity for the current year. PENNY’S POOL SERVICE & SUPPLY Statement of Stockholders’ Equity Common Stock Retained Earnings Balance December 1, Current Year Investments Less: Net income Add: Dividends Balance December 31, Current Year
Expert Answer
Find below the first year financial statements.
Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: Clinicals (5) Fax Inboundia)Ihx Card)IntakaDoc Account # | Lname | Fname | Fax Receipt Date | Note | DME Cat pr '"'nting ( h 1 & 2 Hw-Internet ㅏ xpl…..
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE
1. Income statement.
PENNY’S POOL SERVICE & SUPPLIES INC. | ||
Income statement for the year ended December 31 CY |
Detail | Amount | Amount |
Sales Revenue | 66000 | |
Less: Expenses | ||
Salaries & wages | 25000 | |
Supplies consumed | 9200 | |
Other administrative expenses | 5500 | |
Total expenses | 39700 | |
Net income before taxes | 26300 | |
Income taxes | 5000 | |
Net income | 21300 |
2. Stock holders’ equity
PENNY’S POOL SERVICE & SUPPLIES INC. | ||
Statement of stockholders’ equity as at December 31 CY |
Detail | Common stock | Retained earnings |
Balance as at December1 | 30000 | |
Net income | 21300 | |
Less: Devidends | 20000 | |
Balance as at December31 | 30000 | 1300 |
Balance Sheet
PENNY’S POOL SERVICE & SUPPLIES INC. | ||||||||||||||||||||||||||||||
Balance Sheet as at December 31 CY
|
![]() |