Juanita's Delivery Service
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Juanita's Delivery Service
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Juanita's Delivery Service Trial Balance 30-Sep-13 $ 5,000...
Ed's Bike Shop Fill the grey area Ed's Bike Shop January, 2015 Transactions ASSETS LIABILITIES REVENUE...
Ed's Bike Shop
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Ed's Bike Shop January, 2015 Transactions ASSETS LIABILITIES REVENUE EXPENSES STOCKHOLDERS EQUITY Common Stock Cash Bike Parts A/P Bike Sales Rent Repair Parts Sold Stock for 10,000 10,000 10,000 Pruchased bike parts on account 2,500 2,500 2,500 Paid shop rent 700 (700) 700 Sold repair services 1,200 cash 1,200 1.200 Used repair parts 200 (200) 200 Paid 700 on account for bike parts (700) (700) 9,800 2,300 1,800 10,000 + 1,200 700 200...
The records of Meehan Company show the following at December 31, 2018: '(Click the icon to...
The records of Meehan Company show the following at December 31, 2018: '(Click the icon to view the data.) 3. Print Read the requirements. Requirement 1. Compute the missing amount for Meehan Company. You will need to determine Retained Eamings, December 31,2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. (1) (2) Equlty Beginning Ending Identify the...
Create a balance sheet I TUDIUM 1. The adjusted trial balance of Debit Company is shown...
Create a balance sheet
I TUDIUM 1. The adjusted trial balance of Debit Company is shown below: Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings- Dividends Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense Depreciation expense 5,000 Utilities expense 1,200 $4,000 2,000 2,000 14,000 10,000...
The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2018, the...
The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings was $145,000 at May 1, 2017, the beginning of the year, and dividends of $40,000 were paid during the year. Accounts payable $25,000 Accounts receivable 210,000 Cash 146,000 Common stock 35,000 Fees earned 875,000 Miscellaneous expense 15,000 Rent expense 75,000 Supplies 9,000 Supplies expense 12,000 Taxes expense 10,000...
Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid...
Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings Dividends 4,000 Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense 1,500 Depreciation expense 5,000 Utilities expense 1,200 $4,000 2,000 2,000 14,000 10,000 14,700 75,000 Total $121,700 $121.700 *Assume 30% income tax Balance Sheet Assets Liabilities Total Liabilities...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense $14,800 9,800 ? 59,470 3,358 700 30 450 $ 3,500 16,900 900 40,110 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) 9,428 950 6,500 Notes Payable (due 2020) Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
Could some please help me fill out this income statement. Here is the adjusted trial balance,...
Could some please help me fill out this income
statement.
Here is the adjusted trial balance, statement of
stockholders' equity, and balance sheet.
Multiple Step Income Statement For the Year Ended December 31st, 2019 Revenue: Net Revenue Less: Cost of Goods Sold Gross Profit Operating Expenses Total Operating Expenses Operating Income Other Revenue and Expenses Total Other Revenue and Expenses Income Before Income Tax Income Tax Expense Net Income Credit 119113 7500 1800 17280 200 17600 Adjusted Trial Balance December...
7. The account balances and income statement of Willard Towing Service at June 30, 2018, follow:...
7. The account balances and income statement of Willard Towing Service at June 30, 2018, follow: 6(Click the icon to view the account balances.) 7(Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained earnings for Willard Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Willard Towing Service for the month ending June...
6. The account balances and income statement of Winniford Towing Service at June 30, 2018, follow:...
6. The account balances and income statement of Winniford Towing Service at June 30, 2018, follow: *(Click the icon to view the account balances.) 5(Click the icon to view the income statement for the month.) Requirements f retained earnings for Winniford Towing Service for the month ending June 30, 2018. 1. Prepare the statement 2. What does the statement of retained eamings report? i retained eamings for Winniford Towing Service for the month ending June 30, 2018. Requirement 1. Prepare...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31. Byran Sharpe made no capital contributions during the year. SHARPE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,900 Accounts Receivable 3,270 Supplies 5,060 Prepaid Insurance 1,500 Equipment 6,400 Accum. Depr. - Equipment $1,080 Accounts Payable 845 Long - Term Notes Payable 7,200 Common Stock 2,800 Retained Earnings 5,205 Dividends 2,900 Service Fees Earned 62,600 Rent Expense 15,500...
Ed's Bike Shop
Fill the grey area
Ed's Bike Shop January, 2015 Transactions ASSETS LIABILITIES REVENUE EXPENSES STOCKHOLDERS EQUITY Common Stock Cash Bike Parts A/P Bike Sales Rent Repair Parts Sold Stock for 10,000 10,000 10,000 Pruchased bike parts on account 2,500 2,500 2,500 Paid shop rent 700 (700) 700 Sold repair services 1,200 cash 1,200 1.200 Used repair parts 200 (200) 200 Paid 700 on account for bike parts (700) (700) 9,800 2,300 1,800 10,000 + 1,200 700 200...
The records of Meehan Company show the following at December 31, 2018: '(Click the icon to view the data.) 3. Print Read the requirements. Requirement 1. Compute the missing amount for Meehan Company. You will need to determine Retained Eamings, December 31,2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. (1) (2) Equlty Beginning Ending Identify the...
Create a balance sheet
I TUDIUM 1. The adjusted trial balance of Debit Company is shown below: Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings- Dividends Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense Depreciation expense 5,000 Utilities expense 1,200 $4,000 2,000 2,000 14,000 10,000...
Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings Dividends 4,000 Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense 1,500 Depreciation expense 5,000 Utilities expense 1,200 $4,000 2,000 2,000 14,000 10,000 14,700 75,000 Total $121,700 $121.700 *Assume 30% income tax Balance Sheet Assets Liabilities Total Liabilities...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense $14,800 9,800 ? 59,470 3,358 700 30 450 $ 3,500 16,900 900 40,110 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) 9,428 950 6,500 Notes Payable (due 2020) Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
Could some please help me fill out this income
statement.
Here is the adjusted trial balance, statement of
stockholders' equity, and balance sheet.
Multiple Step Income Statement For the Year Ended December 31st, 2019 Revenue: Net Revenue Less: Cost of Goods Sold Gross Profit Operating Expenses Total Operating Expenses Operating Income Other Revenue and Expenses Total Other Revenue and Expenses Income Before Income Tax Income Tax Expense Net Income Credit 119113 7500 1800 17280 200 17600 Adjusted Trial Balance December...
7. The account balances and income statement of Willard Towing Service at June 30, 2018, follow: 6(Click the icon to view the account balances.) 7(Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained earnings for Willard Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Willard Towing Service for the month ending June...
6. The account balances and income statement of Winniford Towing Service at June 30, 2018, follow: *(Click the icon to view the account balances.) 5(Click the icon to view the income statement for the month.) Requirements f retained earnings for Winniford Towing Service for the month ending June 30, 2018. 1. Prepare the statement 2. What does the statement of retained eamings report? i retained eamings for Winniford Towing Service for the month ending June 30, 2018. Requirement 1. Prepare...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31. Byran Sharpe made no capital contributions during the year. SHARPE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,900 Accounts Receivable 3,270 Supplies 5,060 Prepaid Insurance 1,500 Equipment 6,400 Accum. Depr. - Equipment $1,080 Accounts Payable 845 Long - Term Notes Payable 7,200 Common Stock 2,800 Retained Earnings 5,205 Dividends 2,900 Service Fees Earned 62,600 Rent Expense 15,500...
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