Homework Answers
Answer-
| CULLUMBER COMPANY | ||
| INCOME STATEMENT | ||
| FOR THE YEAR ENDED JULY 31,2020 | ||
| PARTICULARS | AMOUNT | AMOUNT |
| $ | $ | |
| Revenues | ||
| Service Revenue | 64200 | |
| Rent Revenue | 6500 | |
| Total Revenue | 70700 | |
| Less- Expenses | ||
| Depreciation expense | 9500 | |
| Salaries & wages expense | 56000 | |
| Utilities expense | 15400 | |
| Total expenses | 80900 | |
| Net Income/(loss) | -10200 | |
| a2)- | ||
| CULLUMBER COMPANY | ||
| OWNER'S EQUITY STATEMENT | ||
| FOR THE YEAR ENDED JULY 31,2020 | ||
| PARTICULARS | AMOUNT | |
| $ | ||
| Opening owner's capital | 45200 | |
| Less- Net loss | 10200 | |
| Less- Owner's drawing | 16200 | |
| Ending owner's capital | 18800 |
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prepare an owners equity statement for the year. cullumber did
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PREPARE A CLASSIFIED BALANCE SHEET 2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31,...
PREPARE A CLASSIFIED BALANCE SHEET
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CES Question 1 Cullumber Company ended its fiscal year on July 31, 2020. The company's adjusted...
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list of accounts
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A) prepare an income statement and a retained earnings statement for the year B) prepare a...
A) prepare an income statement and a retained earnings
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PREPARE A CLASSIFIED BALANCE SHEET
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A) prepare an income statement and a retained earnings
statement for the year
B) prepare a classified statement of financial position at
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s. mor E4-17 These financial statement items are for Van Dijk Company NV at year-end 2017. Salaries and wages payable $ 2,040 Notes payable (long-term) Salaries and wages expense 50,700 Cash Utilities expense 22,600 Accounts receivable Equipment 30,000 Accumulated depreciation equip. Accounts payable 4,100 Dividends Service revenue 62,000 Depreciation expense Rent revenue 8,500 Retained earnings (beginning...
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