Homework Answers
Revenue is the amount accrued/received from customers towards sale of products / services.
Expenses are amount spent towards costs of the business. example, purchase of goods, freight etc.
Other Changes to stockholders equity - are items that result in shareholder's equity. some examples are additional capital, treasury stock, retained earnings. None of the items in the question fall under this category.
Supplies expense - is expense made towards purchase of materials. Hence expense
Accounts payable - is the liability i.e. amount due towards purchase of materials. It is neither an income nor an expense.
Service revenue - is the amount accrued /received towards rendering services to customers. Hence it is classified as revenue.
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Listed below are three items. Required: Classify each of the items as Revenue, Expense, Other Changes...
Listed below are three items. Required: Classify each of the items as Revenue, Expense, Other Changes...
Listed below are three items. Required: Classify each of the items as Revenue, Expense, Other Changes to Stockholders' Equity (other than revenue or expense), or None of these: Revenue Expense Other Changes to Stockholders' Equity None of These Issuance of Stock 0 Prepaid Insurance 000 0 X 000 Rent Expense 9 5 Check Save For Later Submit Assignmer 200 seats
Below are four items from the financial records of Cooper Corporation. Required: Classify each item as an Asset, a...
Below are four items from the financial records of Cooper Corporation. Required: Classify each item as an Asset, a Lability, or a change to Stockholders' Equity. Change to Asset Liability Stockholders' 33 Equity O Dividends O O Buildin Notes Payable punts Payable lolololo Check 2019 MEGA MacBook Pro
For the items listed below, indicate whether the item is an asset, liability, stockholders' equity, or...
For the items listed below, indicate whether the item is an asset, liability, stockholders' equity, or income statement item Stockholders' Equity Asset Liability 1. Rent Expense 2. Equipment 3. Accounts Payable 4. Common Stock 5. Insurance Expense 6. Cash 7. Accounts Receivable Stockholders' Equity Stockholders' Equity Asset 8. Retained Earnings Stockholders Equity 9. Service Revenue Stockholders Equity 10. Notes Payable
19% Bookmarks Window Help- rl File Edit View History www.awn.connectmath.com McGr Stadents NSu Merew-HCnpus-...
19% Bookmarks Window Help- rl File Edit View History www.awn.connectmath.com McGr Stadents NSu Merew-HCnpus-Summer 2019 9 Part 3 of 5 (c) Find the 40th percentile of the sample mean. Round the answer to at least two decimal places. The 40th percentile of the sample mean is $ Part 4 of 5 (d) Would it be unusual if the sample mean were less than $7700? Round answer to at least four decimal places. It (Choose one) unusual because the probability of...
Home Work II State whether the items are assets, liabilities, Owner's Equity, Revenue or expense accounts....
Home Work II State whether the items are assets, liabilities, Owner's Equity, Revenue or expense accounts. State whether they are income statement or balance sheet accounts, State whether they are permanent or temporary account. What is the normal balance for the following accounts is a debit or credit: a. Cash b. Supplies C. Notes payable d. Land e. Service revenue f. Accounts receivable & Rent expense h. Furniture i. Accounts payable j. Equipment k. Owner's Equity I. Inventory m. Rent...
CALCULATOR Question 17 Listed below are some items found in the financial statements of Tony Gruber...
CALCULATOR Question 17 Listed below are some items found in the financial statements of Tony Gruber Co. Indicate in which financial statement(s) the following items would appear FULL SCREEN PRINTER VERSION a. Service revenue. b. Equipment. c. Advertising expense. Income Statement and Retained Earnings Statement Balance Sheet Owner's Equity Statement Balance Sheet and Owner's Equity Statement Income Statement d. Accounts receivable. e. Owner's capital. f. Salaries and wages payable. Click if you would like to Show Work for this question:...
24-31 For each of the following items, indicate the financial statement where you are likely to...
24-31
For each of the following items, indicate the financial statement where you are likely to find each of the following accounts (It is possible to have an item on more than one statement): A. Income Statement B. Statement of Changes in Stockholders' Equity C. Balance Sheet D. None of the Above 24. Cash 25. Wages Payable 26. Insurance Expense 27. Service Revenue 28. Unearned Revenue 29. Dividends 30. Accounts Receivable 31. Retained Earnings (end)
Identify the financial statements in which you would find each of the items listed below. Some...
Identify the financial statements in which you would find each of the items listed below. Some items may appear on more than one statement. Indicate all financial statements that apply to each item. The possible choices are: B : Balance Sheet SE : Statement of Stockholders’ Equity I : Income Statement CF : Statement of Cash Flows Financial Statement Item Financial Statement a. Cost of goods sold b. Trademarks c. Inventories d. Retained earnings e. Unearned revenue f. Cash...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense Supplies Supplies Expense Wages Expense Points: Feedback Check My Work Explanation none X Financial Statements A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one...
Traffic Busters, Inc. delivers documents and other small items to intercity offices via bicycle couriers. They...
Traffic Busters, Inc. delivers documents and other small items to intercity offices via bicycle couriers. They had the following account balances at December 31: Accounts payable 7,700 Accounts receivable 17,000 Advertising expense 1,500 Bicycles 12,025 Cash 20,315 Common stock 20,000 Delivery service revenue 46,490 Insurance expense 3,800 Notes payable 11,000 Prepaid insurance 2,000 Supplies 1,850 Wages expense 26,700 Prepare an unadjusted Trial Balance in proper form. Traffic Busters Inc Unadjusted Trial Balance December 31, 2012 Accounts Debits Credits MacBook Pro...
Listed below are three items. Required: Classify each of the items as Revenue, Expense, Other Changes to Stockholders' Equity (other than revenue or expense), or None of these: Revenue Expense Other Changes to Stockholders' Equity None of These Issuance of Stock 0 Prepaid Insurance 000 0 X 000 Rent Expense 9 5 Check Save For Later Submit Assignmer 200 seats
Below are four items from the financial records of Cooper Corporation. Required: Classify each item as an Asset, a Lability, or a change to Stockholders' Equity. Change to Asset Liability Stockholders' 33 Equity O Dividends O O Buildin Notes Payable punts Payable lolololo Check 2019 MEGA MacBook Pro
For the items listed below, indicate whether the item is an asset, liability, stockholders' equity, or income statement item Stockholders' Equity Asset Liability 1. Rent Expense 2. Equipment 3. Accounts Payable 4. Common Stock 5. Insurance Expense 6. Cash 7. Accounts Receivable Stockholders' Equity Stockholders' Equity Asset 8. Retained Earnings Stockholders Equity 9. Service Revenue Stockholders Equity 10. Notes Payable
19% Bookmarks Window Help- rl File Edit View History www.awn.connectmath.com McGr Stadents NSu Merew-HCnpus-Summer 2019 9 Part 3 of 5 (c) Find the 40th percentile of the sample mean. Round the answer to at least two decimal places. The 40th percentile of the sample mean is $ Part 4 of 5 (d) Would it be unusual if the sample mean were less than $7700? Round answer to at least four decimal places. It (Choose one) unusual because the probability of...
Home Work II State whether the items are assets, liabilities, Owner's Equity, Revenue or expense accounts. State whether they are income statement or balance sheet accounts, State whether they are permanent or temporary account. What is the normal balance for the following accounts is a debit or credit: a. Cash b. Supplies C. Notes payable d. Land e. Service revenue f. Accounts receivable & Rent expense h. Furniture i. Accounts payable j. Equipment k. Owner's Equity I. Inventory m. Rent...
CALCULATOR Question 17 Listed below are some items found in the financial statements of Tony Gruber Co. Indicate in which financial statement(s) the following items would appear FULL SCREEN PRINTER VERSION a. Service revenue. b. Equipment. c. Advertising expense. Income Statement and Retained Earnings Statement Balance Sheet Owner's Equity Statement Balance Sheet and Owner's Equity Statement Income Statement d. Accounts receivable. e. Owner's capital. f. Salaries and wages payable. Click if you would like to Show Work for this question:...
24-31
For each of the following items, indicate the financial statement where you are likely to find each of the following accounts (It is possible to have an item on more than one statement): A. Income Statement B. Statement of Changes in Stockholders' Equity C. Balance Sheet D. None of the Above 24. Cash 25. Wages Payable 26. Insurance Expense 27. Service Revenue 28. Unearned Revenue 29. Dividends 30. Accounts Receivable 31. Retained Earnings (end)
Traffic Busters, Inc. delivers documents and other small items to intercity offices via bicycle couriers. They had the following account balances at December 31: Accounts payable 7,700 Accounts receivable 17,000 Advertising expense 1,500 Bicycles 12,025 Cash 20,315 Common stock 20,000 Delivery service revenue 46,490 Insurance expense 3,800 Notes payable 11,000 Prepaid insurance 2,000 Supplies 1,850 Wages expense 26,700 Prepare an unadjusted Trial Balance in proper form. Traffic Busters Inc Unadjusted Trial Balance December 31, 2012 Accounts Debits Credits MacBook Pro...
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