The Assets and Liabilities of Rocky's Day Spa at December

question 123

Essay

The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was $68,000 ($48,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year. Net income for the year is $45,625. $\begin{array}{|l|c|l|l|}\hline \text { Accounts payable } & \$ 4,375& \text { Spa operating expense } & \$ 23,760 \\\hline \text { Accounts receivable } &8,490& \text { Office expense } & 2,470 \\\hline \text { Cash } &13,980& \text { Spa supplies } & 9,230 \\\hline \text { Fees earned } & 98,435& \text { Wages expense } & 26,580 \\\hline \text { Spa furniture } \& \text { equipment } & 56,000&\text { Dividends } & 38,170 \\\hline \text { Computers } & 2,130 & \\\hline\end{array}$ ?
Prepare a statement of stockholder's equity for Rocky's Day Spa for the current year ended December 31.

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Definitions:

Pooled Sample Data

Combining data from different sources or groups to increase statistical power or assess overall effects.

Wilcoxon Rank-sum Test

An inferential statistical procedure that compares the mean ranks of two separate samples to see if there's a variance in their population averages, not relying on parameter assumptions.

Ordered Array

An arrangement of data in which the values are aligned in ascending or descending order, facilitating statistical analysis and data visualization.

Pooled Sample Data

Combining data from multiple samples to create a larger sample, often used in statistical analysis to increase the reliability of results.