Homework Answers
| Income Statement | ||||
| Revenues | ||||
| Service Revenue | $ 80,040.00 | |||
| Less: | Expenses | |||
| Advertising Expense | $ 2,484.00 | |||
| Rent Expense | $ 14,352.00 | |||
| Utilities Expense | $ 3,312.00 | |||
| Salaries & Wages | $ 41,400.00 | $ 61,548.00 | ||
| Net Income | $ 18,492.00 | |||
| Retained Earnings Statement | ||||
| Retained Earnings, Jan 1, 2017 | $ 92,460.00 | |||
| Add: | Net Income | $ 18,492.00 | ||
| $ 110,952.00 | ||||
| Less: | Dividends | $ 8,280.00 | ||
| Retained Earnings, Dec 31, 2017 | $ 102,672.00 | |||
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This information relates to Oriole Company for the year 2017. Retained earnings, January 1, 2017 $92,460...
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he following information relates to Sunland Company for the year 2022. Retained earnings, January 1, 2022...
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The following information relates to Skysong, Inc. for the year 2022. Retained earnings, January 1, 2022 $39,360 Advertising expense $1,480 Dividends during 2022 4,100 Rent expense 8,530 Service revenue 51,250 Utilities expense 2,540 Salaries and wages expense 22,960 Other comprehensive income (net of tax) 330 After analyzing the data, compute net income. Prepare a comprehensive income statement for the year ending December 31, 2022.
Exercise 1-4 This information relates to Kingbird, Inc. for the year 2017. Retained earnings, January 1, 2017 $93,800 Advertising expense 2,520 Dividends 8,400 Rent expense 14,560 81,200 Service revenue Utilities expense 3,360 Salaries and wages expense 42,000 After analyzing the data, prepare an income statement for the year ending December 31, 2017. Kingbird, Inc. Income Statement $ $ After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List items that increase retained earnings...
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