Filling in the blanks for a financial statement?
Additional investments made by shareholders during the year - $4,000
Revenues - ______
Expenses - $17,000
Net income - $2,000
Dividends declared - $500
Total assets:
Beginning of year - _______
End of year - $28,000
Total liabilities:
Beginning of year - $9,000
End of year - _______
Share capital:
Beginning of year - $1,000
End of year - _______
Retained earnings:
Beginning of year - $6,000
End of year - _______
Please help as to how to approach the question! Thanks so much
Additional investments made by shareholders during the year - $4,000
Revenues - ______
Expenses - $17,000
Net income - $2,000
Dividends declared - $500
Total assets:
Beginning of year - _______
End of year - $28,000
Total liabilities:
Beginning of year - $9,000
End of year - _______
Share capital:
Beginning of year - $1,000
End of year - _______
Retained earnings:
Beginning of year - $6,000
End of year - _______
Please help as to how to approach the question! Thanks so much