Homework Answers
1) Income statement
| Service revenue | 92500 | |
| Expenses | ||
| Depreciation expense | 4950 | |
| Insurance expense | 2900 | |
| Supplies expense | 3150 | |
| Utilities expense | 5000 | |
| Wages expense | 63750 | |
| Rent expense | 24000 | |
| Miscellaneous expense | 1200 | |
| Total expense | 104950 | |
| Net income (loss) | -12450 | |
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1. The following revenue and expense account balances were taken from the Income Statement columns of...
2. The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet...
2. The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Trucking: $42,600 83,400 28,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Trucks Cash Common Stock Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Trucks Supplies Unearned Fees 100,000 6,500 12,000 215,000 12,500 206,000 4,700 5,000 Prepare a classified balance sheet.
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acom Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense $10,000 Insurance Expense 9,000 Miscellaneous Expense 8,150 Rent tixpense 60,000 Service Revenue 634,900 Supplies Expense 4,100 Utilities Expense 44,700 Wages Expense 548,200 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 2018 Expenses: $...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2017, the end of the fiscal year: Depreciation Expense $12,100 Insurance Expense 5,930 Miscellaneous Expense 4,720 Rent Expense 48,900 Service Revenue 232,300 Supplies Expense 2,900 Utilities Expense 18,630 Wages Expense 182,700 Acorn Health Services Co. Income Statement For the Year Ended January 31, 2017 Expenses: $ Total expenses
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement...
Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger...
Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2018: $10,650 724,500 5,000 Depreciation Expense Fees Eamed Insurance Expense Miscellaneous Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense 6,650 75,000 393,100 6,150 41,200 Prepare an income statement. Urgent Messenger Service Income Statement For the Year Ended November 30, 2018 Expenses: Total expenses od
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: $13,200 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 6,470 5,150 53,300 253,400 3,170 20,330 199,300 Prepare an income statement. Use a minus sign to indicate a net loss.
Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger...
Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2011: Depreciation Expense $11,600 Fees Earned 616,000 Insurance Expense 2,200 Miscellaneous Expense 4,640 88,200 Rent Expense Salaries Expense 309,700 Supplies Expense 3,940 Utilities Expense 33,600 Calculator Salaries Expense 309,700 Supplies Expense 3,940 Utilities Expense 33,600 Prepare an income statement for Urgent Messenger Service. Urgent Messenger Service Income Statement For the Year Ended...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services...
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense$7,600 Insurance Expense3,000 Miscellaneous Expense8,850 Rent Expense62,000 Service Revenue447,400 Supplies Expense2,500 Utilities Expense33,900 Wages Expense350,000 CHART OF ACCOUNTS Wholistic Health Services Co. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Office Equipment 16 Building 17 Accumulated Depreciation LIABILITIES 21 Accounts...
2. The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Trucking: $42,600 83,400 28,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Trucks Cash Common Stock Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Trucks Supplies Unearned Fees 100,000 6,500 12,000 215,000 12,500 206,000 4,700 5,000 Prepare a classified balance sheet.
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acom Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense $10,000 Insurance Expense 9,000 Miscellaneous Expense 8,150 Rent tixpense 60,000 Service Revenue 634,900 Supplies Expense 4,100 Utilities Expense 44,700 Wages Expense 548,200 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 2018 Expenses: $...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2017, the end of the fiscal year: Depreciation Expense $12,100 Insurance Expense 5,930 Miscellaneous Expense 4,720 Rent Expense 48,900 Service Revenue 232,300 Supplies Expense 2,900 Utilities Expense 18,630 Wages Expense 182,700 Acorn Health Services Co. Income Statement For the Year Ended January 31, 2017 Expenses: $ Total expenses
Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2018: $10,650 724,500 5,000 Depreciation Expense Fees Eamed Insurance Expense Miscellaneous Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense 6,650 75,000 393,100 6,150 41,200 Prepare an income statement. Urgent Messenger Service Income Statement For the Year Ended November 30, 2018 Expenses: Total expenses od
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: $13,200 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 6,470 5,150 53,300 253,400 3,170 20,330 199,300 Prepare an income statement. Use a minus sign to indicate a net loss.
Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2011: Depreciation Expense $11,600 Fees Earned 616,000 Insurance Expense 2,200 Miscellaneous Expense 4,640 88,200 Rent Expense Salaries Expense 309,700 Supplies Expense 3,940 Utilities Expense 33,600 Calculator Salaries Expense 309,700 Supplies Expense 3,940 Utilities Expense 33,600 Prepare an income statement for Urgent Messenger Service. Urgent Messenger Service Income Statement For the Year Ended...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
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