Homework Answers
Answer:
| WOLFPACK CONSTRUCTION | |||
| Balance Sheet | |||
| December 31 | |||
| Assets | Liabilities | ||
| Cash | $4,700 | Accounts payable | $1,700 |
| Land | $11,500 | Notes payable | $13,500 |
| Equipment | $19,500 | ||
| Total liabilities | $15,200 | ||
| Stockholders' Equity | |||
| Common stock | $11,000 | ||
| Retained earnings* | $9,500 | ||
| Total stockholders' equity | $20,500 | ||
| Total Assets | $35,700 | Total liabilities and stockholders' Equity | $35,700 |
*Retained earnings = Total assets - Total liabilities - Common stock
= $35,700-$15,200-$11,000
= $9,500
Note: Service revenue & Salaries expenses are related to 'Income Statement'. So, These are not come under the balance sheet
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Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment...
Wolfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment $ 19,000 Accounts payable 1,600 Salaries expense 26,000 Common stock 12,000 Land 11,000 Notes payable 13,000 Service revenue 32,000 Cash 4,600 Retained earnings ? Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet Assets Liabilities Total liabilities Stockholders’ Equity Total stockholders’ equity Total assets Total liabilities and stockholders’ equity
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities UNI Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities 11...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $16,500 1,100 23,500 11,000 8,500 10,500 29,500 4,100 Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Liabilitie / / / / / Total liabilities / Stockholders' Equity / Total assets Total stockholders' equity Total liabilities and stockholders' equity S 0
Wolfpack Construction has the following account balances at the end of the year Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $23,eee 2,400 3e. 11,eee 15,000 17,000 36.000 5.4ee Required: Use only the appropriate accounts to prepare a balance sheet WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service...
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how do i find the retained earnings? Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction...
how do i find the retained earnings?
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0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash...
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olfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment...
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Klein Interiors has the following account balances at the end of the year. Use only the...
Klein Interiors has the following account balances at the end of the year. Use only the appropriate accounts to prepare a balance sheet. Accounts Equipment Accounts payable Common stock Service revenue Cash Retained earnings Salaries expense Notes payable Balances $ 79,700 16,400 16.100 57,300 8,200 31,800 22.300 KLEIN INTERIORS Balance Sheet December 31 Liabilities Total abilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
please help me feel out this balance sheet with the provided information. A company has the...
please help me feel out this balance sheet with the provided
information.
A company has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $25,500 2,900 32,500 10,000 17,500 19,500 38,500 5,900 Required: Use only the appropriate accounts to prepare a balance sheet. Required: Use only the appropriate accounts to prepare a balance sheet. Balance Sheet December 31 Assets Liabilities Total liabilities...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities UNI Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities 11...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $16,500 1,100 23,500 11,000 8,500 10,500 29,500 4,100 Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Liabilitie / / / / / Total liabilities / Stockholders' Equity / Total assets Total stockholders' equity Total liabilities and stockholders' equity S 0
Wolfpack Construction has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $23,eee 2,400 3e. 11,eee 15,000 17,000 36.000 5.4ee Required: Use only the appropriate accounts to prepare a balance sheet WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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how do i find the retained earnings?
Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $21,500 2,100 28,500 11,000 13,500 15,500 34,500 5, 100 ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities
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Klein Interiors has the following account balances at the end of the year. Use only the appropriate accounts to prepare a balance sheet. Accounts Equipment Accounts payable Common stock Service revenue Cash Retained earnings Salaries expense Notes payable Balances $ 79,700 16,400 16.100 57,300 8,200 31,800 22.300 KLEIN INTERIORS Balance Sheet December 31 Liabilities Total abilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
please help me feel out this balance sheet with the provided
information.
A company has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $25,500 2,900 32,500 10,000 17,500 19,500 38,500 5,900 Required: Use only the appropriate accounts to prepare a balance sheet. Required: Use only the appropriate accounts to prepare a balance sheet. Balance Sheet December 31 Assets Liabilities Total liabilities...
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