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Use the following information for the Quick Studies below. (Algo) (The following information applies to...

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Accounting

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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. $ 7,900 900 2,000 14,700 7,400 12,100 Cash Accounts Receivable Supplies Equipment Accounts Payable Common stock Retained earnings, December 1 Dividends Services Revenue Wages Expense Rent Expense Utilities Expense 5,400 3,800 17,400 8,000 2,900 2,100 QS 1-17 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December balance sheet for Hawkin. Hint Retained Earnings on December 31 equals $6,000. HAWKIN Balance Sheet December 31 Liabilities Assets Total Liabilities Equity Total Equity Total Liabilities and Equity Total Assets

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