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…..

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. PENNYS 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
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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

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Find below the first year financial statements.

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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

Detail Amount
Cash 3900
Accounts Receivable 3300
Pool supplies inventory 5600
Equipment 29000
Total Assets 41800
Liabilities & Equity
Accounts payable 4500
Note payable 6000
Stockholders’ equity
Common stock 30000
Retained earnings 1300
Total stockholders’ equity 31300
Total Liabilities & Equity 41800
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..... 1

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