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required information exercise 316a prepare financial statements from an adjusted...

Question: required information exercise 316a prepare financial statements from an adjusted...

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Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin Blue Hens Corporation is presented below. Accounts Credit Debit $ 10,800 138,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 4,800 24,000 280,000 $123,000 10,800 9,800 3, 800 28,000 180,000 48,000 380,000 280,000 14,000 28,000 3,800 Totals $783,400 783,400

Exercise 3-16A Part 2 2. Prepare a statement of stockholders equity for the year ended December 31, 2021, assuming no common stock was issued during 2021. FIGHTIN BLUE HENS CORPORATION Statement of Stockholders Equity For the Year Ended December 31, 2021 Total Retained Stockholders Earnings Stock Equity Balance at January 1 Less: Dividends Balance at December 31

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