What is the preliminary net income of this? (& steps so I can understand it) Thank you!
Homework Answers
Answer
- Preliminary Net Income from given journal entries
= Revenues – Expenses - Revenue = $ 87000 [f]
- Expenses = $ 28400 [d] + $ 24900 [i] = 53,300
- Preliminary Net Income
= $ 87000 – 53300
= $ 33,700 Answer
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What is the preliminary net income of this? (& steps so I
can understand it) Thank...
what is the preliminary net income and net profit margain? SPICEWOOD STABLES, INC. Unadjusted Trial Balance...
what is the preliminary net income and net profit
margain?
SPICEWOOD STABLES, INC. Unadjusted Trial Balance At April 30 Debit Credit Cash 24 162,090 Accounts Receivable 17,960 Supplies 5,200 Prepaid Insurance 6,300 Buildings 149,000 Accounts Payable 3,960 Deferred Revenue 3,050 Notes Payable (long-term) 74,500 Common Stock 240,000 Service Revenue 20,100 Rent Revenue 16,000 Utilities Expense 2,160 Salaries and Wages Expense 14,900 Total 357.610 357.610 Req 2 < Prev 2 of 4
what is the preliminary net income and net profit margin (Sarma Saving Prepare an unadjusted trial...
what is the preliminary net income and net profit margin
(Sarma Saving Prepare an unadjusted trial balance as of April 30. Credit 5,200 SPICEWOOD STABLES, INC. Unadjusted Trial Balance At April 30 Debit Cash m $ 162,090 Accounts Receivable 17,960 Supplies Prepaid Insurance 6,300 Buildings 149,000 Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Service Revenue Rent Revenue Utilities Expense Salaries and Wages Expense 14.900 Total S 355,450 3,960 3,050 74,500 24,000 20.100 16,000 820 142,430 < Req 2...
what is the preliminary net income Run Form Dashboard AmazonSmile Herbalife-Uni. Official Site Netflix Welcome to...
what is the preliminary net income
Run Form Dashboard AmazonSmile Herbalife-Uni. Official Site Netflix Welcome to Fr Learn More Terra State Connect - To Do Assignments Get Homework Help With Cher Check my work mode : This shows what is correct or incorrect for the work you have completed so Required information General Journal Debi 1 630 August 31C ash Deferred Revenue 630 2 September 11 2015 Cash Service Revenue 2015 13 September 13 160 Supplies Accounts Payable 160 4...
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I dont understand how to do this question please help! Thank you Instructions Chart of Accounts...
I
dont understand how to do this question please help! Thank
you
Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 2 Accounts Receivable 38.115.00 - Prepaid Insurance 7,050.00 4 Supplies 1.630.00 5 Land 114.550.00 150.250.00 88.800.00 6 Building 7 Accumulated Depreciation-Building * Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 133,200.00 96,605.00 12,560.00 11 Unearned Rent 7,035.00 12 Jan Pitman, Capital 217.215.00 13 Jan Pitman....
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Please show all steps so I can fully understand how to
solve. thank you
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what is the preliminary net income and net profit
margain?
SPICEWOOD STABLES, INC. Unadjusted Trial Balance At April 30 Debit Credit Cash 24 162,090 Accounts Receivable 17,960 Supplies 5,200 Prepaid Insurance 6,300 Buildings 149,000 Accounts Payable 3,960 Deferred Revenue 3,050 Notes Payable (long-term) 74,500 Common Stock 240,000 Service Revenue 20,100 Rent Revenue 16,000 Utilities Expense 2,160 Salaries and Wages Expense 14,900 Total 357.610 357.610 Req 2 < Prev 2 of 4
what is the preliminary net income and net profit margin
(Sarma Saving Prepare an unadjusted trial balance as of April 30. Credit 5,200 SPICEWOOD STABLES, INC. Unadjusted Trial Balance At April 30 Debit Cash m $ 162,090 Accounts Receivable 17,960 Supplies Prepaid Insurance 6,300 Buildings 149,000 Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Service Revenue Rent Revenue Utilities Expense Salaries and Wages Expense 14.900 Total S 355,450 3,960 3,050 74,500 24,000 20.100 16,000 820 142,430 < Req 2...
what is the preliminary net income
Run Form Dashboard AmazonSmile Herbalife-Uni. Official Site Netflix Welcome to Fr Learn More Terra State Connect - To Do Assignments Get Homework Help With Cher Check my work mode : This shows what is correct or incorrect for the work you have completed so Required information General Journal Debi 1 630 August 31C ash Deferred Revenue 630 2 September 11 2015 Cash Service Revenue 2015 13 September 13 160 Supplies Accounts Payable 160 4...
PLEASE EXPLAIN THE STEPS FOR ADJUSTING
ENTRIES SO IT WILL HELP ME STUDY! THANK YOU!
Exercise 3-10 (Part Level Submission) Wildhorse Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Credit WILDHORSE RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Cash $25,000 Prepaid Insurance 9,900 Supplies 8,000 Land 26,000 Buildings 126,000 Equipment 22,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends 5,000 Rent Revenue Salaries and...
I
dont understand how to do this question please help! Thank
you
Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 2 Accounts Receivable 38.115.00 - Prepaid Insurance 7,050.00 4 Supplies 1.630.00 5 Land 114.550.00 150.250.00 88.800.00 6 Building 7 Accumulated Depreciation-Building * Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 133,200.00 96,605.00 12,560.00 11 Unearned Rent 7,035.00 12 Jan Pitman, Capital 217.215.00 13 Jan Pitman....
Please show all steps so I can fully understand how to
solve. thank you
Following are partial balance sheet data for Delloi Ltd, as at December 31, 20x2 and 20x1, and the partial income statement for the year ended December 31, 20x2: Balance Sheet 20x2 20x1 Accounts receivable Inventory $44738 $20104 $11464 $48005 Income Statement Revenue Net Income Depreciation Expense $501787 $106117 $26411 Which of the following total amounts would appear in the cash flow from operating section of the...
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