Sunland Company provides this information for the month of November, 2022: sales on credit $145,000; cash...
Sunland Company provides this information for the month of
November, 2022: sales on credit $145,000; cash sales $57,000; sales
discount $1,000; and sales returns and allowances $7,600.
Prepare the sales revenues section of the income statement based on
this information.
| SUNLAND COMPANY Income Statement (Partial)
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| enter an income statement item
MAINLY NEED THIS PART I KNOW MAJORITY OF THE REST |
$enter a dollar amount
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| select betweeen addition and deduction
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| enter an income statement item
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$enter a dollar amount
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| enter an income statement item
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enter a dollar amount
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| enter a subtotal of the two
previous amounts
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| select a closing section name
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$enter a total amount for
this section
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For
the Year Ended November 30, 2022For the Month Ended November 30,
2022November 30, 2022Homework Answers
| SUNLAND COMPANY | |||
| Income statement(Partial) | |||
| Total Sales($145,000+$57,000) | $2,02,000 | ||
| Less: | Sales Discounts | $1,000 | |
| Less: | Sales returns and allowance | $7,600 | |
| Sub Total | $8,600 | ||
| Net Sales | $1,93,400 | ||
Add Answer to:
Sunland Company provides this information for the month of
November, 2022: sales on credit $145,000; cash...
Blossom Company provides this information for the month of November, 2022: sales on credit $131,000; cash...
Blossom Company provides this information for the month of
November, 2022: sales on credit $131,000; cash sales $54,000; sales
discount $1,900; and sales returns and allowances $7,800.
Prepare the sales revenues section of the income statement based on
this information.
BLOSSOM COMPANY
Income Statement (Partial)
For
the Year Ended November 30, 2022For the Month Ended November 30,
2022November 30, 2022
enter an income statement item
$enter a dollar amount
select betweeen addition and deduction
AddLess
:
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On June 1, 2022, Sunland Company was started with an initial investment in the company of...
On June 1, 2022, Sunland Company was started with an initial investment in the company of $24,750 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $ 5,250 Notes payable $13,300 Accounts receivable 4,380 Accounts payable 880 Service revenue 8,100 Supplies expense 945 Supplies 2,373 Maintenance and repairs expense 680 Advertising expense 400 Utilities expense 220 Equipment...
he following information relates to Sunland Company for the year 2022. Retained earnings, January 1, 2022...
he following information relates to Sunland Company for the year 2022. Retained earnings, January 1, 2022 $46,080 Advertising expense $1,730 Dividends during 2022 4,800 Rent expense 9,980 Service revenue 60,000 Utilities expense 2,980 Salaries and wages expense 26,880 Other comprehensive income (net of tax) 380 After analyzing the data, compute net income. Net income / (loss) $enter net income or loss amount Prepare a comprehensive income statement for the year ending December 31, 2022. Sunland Company Comprehensive Income Statement choose...
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The items for the medical practice of Wildhorse, MD, are listed below. Retained earnings (October 1)...
The items for the medical practice of Wildhorse, MD, are listed
below.
Retained earnings (October 1)
$13,100
Common stock
33,000
Accounts payable
5,200
Equipment
33,000
Service revenue
29,000
Dividends
6,700
Insurance expense
4,400
Cash
10,200
Utilities expense
700
Supplies
2,600
Salaries and wages expense
9,900
Accounts receivable
10,300
Rent expense
2,500
Prepare an income statement for the month of October,
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Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 449 Research and development expense $ 109 Depreciation expense 90 Income tax expense 275 Sales revenue 5,619 Loss on disposal of plant assets 46 Interest expense 156 Cost of goods sold 3,060 Advertising expense 489 Rent expense 102 Sales returns and allowances 266 Utilities expense 57 Assume the marketing department has presented...
Skysong Corporation had net sales of $2,404,500 and interest revenue of $37,700 during 2020. Expenses for...
Skysong Corporation had net sales of $2,404,500 and interest revenue of $37,700 during 2020. Expenses for 2020 were cost of goods sold $1,466,900, administrative expenses $214,700, selling expenses $284,600, and interest expense $47,200. Skysong’s tax rate is 30%. The corporation had 100,400 shares of common stock authorized and 70,220 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Skysong Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) SKYSONG CORPORATION Income Statement choose the...
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Cullumber Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company’s fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Accounts Payable $ 75,800 Accounts Receivable 49,400 Accumulated Depreciation—Equipment 197,200 Cash 23,200 Common Stock 101,500 Cost of Goods Sold 1,768,470 Freight-Out 18,780 Equipment 460,970 Depreciation Expense 40,300 Dividends 34,800 Gain...
Cash + Accounts Receivable + Supplies + Equipment Accounts Payable Common Stock Retained Earnings = +...
Cash
+
Accounts
Receivable
+
Supplies
+
Equipment
Accounts
Payable
Common
Stock
Retained
Earnings
=
+
+
Revenues
–
Expenses
–
Dividend
1.
$14,600
$14,600
2.
–1,800
$4,300
$2,500
3.
–750
$750
4.
5,100
$3,500
$8,600
Service Revenue
5.
–1,000
–1,000
6.
–1,900
-$1,900
7.
–700
–$700
Rent Expense
8.
350
–350
9.
–4,000
–4,000
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10.
550
–550
Utilities Expense
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Sheridan
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Choose the accounting period
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Blossom Company provides this information for the month of
November, 2022: sales on credit $131,000; cash sales $54,000; sales
discount $1,900; and sales returns and allowances $7,800.
Prepare the sales revenues section of the income statement based on
this information.
BLOSSOM COMPANY
Income Statement (Partial)
For
the Year Ended November 30, 2022For the Month Ended November 30,
2022November 30, 2022
enter an income statement item
$enter a dollar amount
select betweeen addition and deduction
AddLess
:
enter an income statement...
The items for the medical practice of Wildhorse, MD, are listed
below.
Retained earnings (October 1)
$13,100
Common stock
33,000
Accounts payable
5,200
Equipment
33,000
Service revenue
29,000
Dividends
6,700
Insurance expense
4,400
Cash
10,200
Utilities expense
700
Supplies
2,600
Salaries and wages expense
9,900
Accounts receivable
10,300
Rent expense
2,500
Prepare an income statement for the month of October,
2022.
WILDHORSE, MD
Income Statement
For
the Month Ended October 31, 2022For the Year Ended October 31,
2022At October 31,...
Cash
+
Accounts
Receivable
+
Supplies
+
Equipment
Accounts
Payable
Common
Stock
Retained
Earnings
=
+
+
Revenues
–
Expenses
–
Dividend
1.
$14,600
$14,600
2.
–1,800
$4,300
$2,500
3.
–750
$750
4.
5,100
$3,500
$8,600
Service Revenue
5.
–1,000
–1,000
6.
–1,900
-$1,900
7.
–700
–$700
Rent Expense
8.
350
–350
9.
–4,000
–4,000
Salaries/Wages Expense
10.
550
–550
Utilities Expense
(a)
Prepare an income statement for August.
Sheridan
Company
Income Statement
Choose the accounting period
August 31, 2019For...
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