Financial Accounting myBusiness Course Business Course # Return to course Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Tuttle Janitorial Service, Inc., at the end of 2019 and 2018: December 31, December 31, 2019 2018 Accounts Payable $6,000 $9,000 Cash 25,000 22,000 Accounts Receivable 39,000 31,000 Land 56,000 46,000 Building, net 250,000 260,000 Equipment, net 44,000 46,000 Mortgage Payable 93,000 88,000 Supplies 18,000 16,000 Common Stock 225,000 225,000 Dividends 12,000 Retained Earnings Q W E R T Y U Business Course Return to Course a. Prepare a balance sheet as of December 31 of each year, TUTTLE JANITORIAL SERVICE, INC. Balance Sheet December 31, December 31, 2019 2018 ASSETS Accounts Receivable Supplies Land Equipment, net Total Assets LIABILITIES Accounts Payable Total Liabilities STOCKHOLDERS' EQUITY Frlock - Q W E R T y Business Course A Return to course TOCNOLDEN QUI Total Stockholders' Equity Cotal Liabilities and Stockholders' Equity $ Prepare a statement fetoclhaldarlaust fan 2010 Uint. TL Financial Accounting myBusiness Course Business Course * Return to course My Subs b. Prepare a statement of stockholders' equity for 2019. (Hint: The increase in retained earnings is equal to net income less dividends.) TUTTLE JANITORIAL SERVICE, INC. Statement of Stockholders' Equity For Year Ended December 31, 2019 CommonStock RetainedEarnings Total Balance, December 31, 2018 Add: Net income for 2019 Less: Dividends for 2019(Enter as negative) Balance, December 31, 2019 Check Previous Save Answers
