The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.

Accounts Debit Credit
Cash $11,300
Accounts Receivable 143,000
Prepaid Rent 5,300
Supplies 26,500
Equipment 330,000
Accumulated Depreciation $128,000
Accounts Payable 11,300
Salaries Payable 10,300
Interest Payable 4,300
Notes Payable (due in two years) 33,000
Common Stock 230,000
Retained Earnings 53,000
Service Revenue 430,000
Salaries Expense 330,000
Rent Expense 16,500
Depreciation Expense 33,000
Interest Expense 4,300

Totals $899,900 $899,900

a. Prepare a statment of stockholder equity for the year ends Desember 31, 2018, assuming no common stock was issued during 2018.
b. Prepare a classified blance sheet as of December 31, 2018.

Consider the country of morrow which is currently operating at full employment. suppose there is a decrease in investment

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Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.