Homework Answers
Ending Total Stockholder's equity = 108210-68921 = 39289
Beginning Stockholder's equity = 39289-12000-6488+450 = 21251
Beginning total assets = Liabilities+Stockholder's equity = 71912+21251 = 93163
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1 1 3 931 064515,879 $209,113 $184,750 $24.261 TE=Net Income - Rev SE Assetj Liabilities =...
Calculate missing information using knowledge of the accounting equation, II: Below is some selected information from...
Calculate missing information using knowledge of the accounting equation, II: Below is some selected information from the financial statements of Vance Refrigeration. Calculate the missing amount for total assets as of 12/31/17. You must show all of your work to receive full credit. $?? $71,912 Balance as of December 31, 2017: Total Assets Total Liabilities Balance as of December 31, 2018: Total Assets Total Liabilities Summary of events occurring during the year 2018: Common Stock issuances Net Income (loss) Dividends...
vas San Mateo's net income? Tere is financial statement information on four not-for-profit clinics: I CILIU...
vas San Mateo's net income? Tere is financial statement information on four not-for-profit clinics: I CILIU 4.3 Here is for Pittman Rose Beckman Jaffe $100,000 $150,000 $80,000 50,000 a g $75,000 45,000 60,000 90,000 December 31, 2014: Assets Liabilities Equity December 31, 2015: Assets Liabilities Equity During 2015: Total revenues Total expenses 180,000 b 55,000 45,000 130,000 62,000 k 80,000 145,000 110,000 330,000 400,000 f 360,000 500,000 1 Fill in the missing values labeled a through I. Questions on the...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,760 27,010 4,261 130,790 51,179 0 0 71,010 0 2019...
calculate the missing amounts 39,000 BULLDOG, INC. Income Statement Revenues Expenses: Salaries Advertising Utilities Net income...
calculate the missing amounts
39,000 BULLDOG, INC. Income Statement Revenues Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders Stock Earnings Equity Beginning balance $ 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income 6,000 6,000 Less: Dividends (3,000) (3.000) Ending balance $ 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sh Liabilities 4,000 Accounts payable 3,000 Stockholders' Equity 9,000 Common...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 2019 $ 54,300 $ 10, 460 29,475 23,108 4,6493 ,405 142,725...
What is net income for year 2017 for Company B Required information [The following information applies...
What is net income for year 2017 for Company B
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company Company $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,666 57,725 $128,310 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 50,000 36,000 24,480 16,415 91,000 43,689 138,000 109,020 1,400 6,000 11,540 3,500 9,750 (627) 5,875...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49, 760 27,010 4,261 130, 790 51,179 0 0 71,010...
5. Calculate the amount of liabilities for Company E on December 31, 2014 December 31, 2015...
5. Calculate the amount of liabilities for Company E on December 31, 2014 December 31, 2015 Assets = Liabilities + $ 124,200 = $ 98,118 + Required Information Equity $ 26,082 The following financial statement information is from five separate companies Company Company Company Company Company A B C D E December 31, 2014 Equity, December 31, 2014 Add: Stock issuances Add: Net income 6,500 42.000 32760 $26.880 7 650 $ 74,760 Assets $ 114,660 34.440 22.932 14,150 11,000 26.082...
how do you find the missing assets for Company C and the Stock Issuances for Company...
how do you find the missing assets for Company C and the Stock Issuances for Company
D and Liabilities for Company E
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company $111,930 $41,000 33,620 $31,980 22,386 $26,240 14,169 $72,980 50,356 46,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 33,120 22,521...
Compute these amounts for BlueberryBlueberry: 1. Total assets 2. Total liabilities 3. Net income or loss...
Compute these amounts for
BlueberryBlueberry:
1. Total assets
2. Total liabilities
3. Net income or loss during NovemberNovember
4. Total shareholders' equity
Blueberry Inc.'s trial balance follows. (Click the icon to view the trial balance.) Compute these amounts for Blueberry: 1. Total assets 2. Total liabilities 3. Net income or loss during November 4. Total shareholders' equity 82000 1. Total assets $ $45000 2. Total liabilities 3. Net lincome $ 26300 4. Total shareholders' equity $37000 Blueberry Inc. Trial Balance...
Calculate missing information using knowledge of the accounting equation, II: Below is some selected information from the financial statements of Vance Refrigeration. Calculate the missing amount for total assets as of 12/31/17. You must show all of your work to receive full credit. $?? $71,912 Balance as of December 31, 2017: Total Assets Total Liabilities Balance as of December 31, 2018: Total Assets Total Liabilities Summary of events occurring during the year 2018: Common Stock issuances Net Income (loss) Dividends...
vas San Mateo's net income? Tere is financial statement information on four not-for-profit clinics: I CILIU 4.3 Here is for Pittman Rose Beckman Jaffe $100,000 $150,000 $80,000 50,000 a g $75,000 45,000 60,000 90,000 December 31, 2014: Assets Liabilities Equity December 31, 2015: Assets Liabilities Equity During 2015: Total revenues Total expenses 180,000 b 55,000 45,000 130,000 62,000 k 80,000 145,000 110,000 330,000 400,000 f 360,000 500,000 1 Fill in the missing values labeled a through I. Questions on the...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,760 27,010 4,261 130,790 51,179 0 0 71,010 0 2019...
calculate the missing amounts
39,000 BULLDOG, INC. Income Statement Revenues Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders Stock Earnings Equity Beginning balance $ 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income 6,000 6,000 Less: Dividends (3,000) (3.000) Ending balance $ 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sh Liabilities 4,000 Accounts payable 3,000 Stockholders' Equity 9,000 Common...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 2019 $ 54,300 $ 10, 460 29,475 23,108 4,6493 ,405 142,725...
What is net income for year 2017 for Company B
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company Company $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,666 57,725 $128,310 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 50,000 36,000 24,480 16,415 91,000 43,689 138,000 109,020 1,400 6,000 11,540 3,500 9,750 (627) 5,875...
Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49, 760 27,010 4,261 130, 790 51,179 0 0 71,010...
5. Calculate the amount of liabilities for Company E on December 31, 2014 December 31, 2015 Assets = Liabilities + $ 124,200 = $ 98,118 + Required Information Equity $ 26,082 The following financial statement information is from five separate companies Company Company Company Company Company A B C D E December 31, 2014 Equity, December 31, 2014 Add: Stock issuances Add: Net income 6,500 42.000 32760 $26.880 7 650 $ 74,760 Assets $ 114,660 34.440 22.932 14,150 11,000 26.082...
how do you find the missing assets for Company C and the Stock Issuances for Company
D and Liabilities for Company E
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company $111,930 $41,000 33,620 $31,980 22,386 $26,240 14,169 $72,980 50,356 46,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 33,120 22,521...
Compute these amounts for
BlueberryBlueberry:
1. Total assets
2. Total liabilities
3. Net income or loss during NovemberNovember
4. Total shareholders' equity
Blueberry Inc.'s trial balance follows. (Click the icon to view the trial balance.) Compute these amounts for Blueberry: 1. Total assets 2. Total liabilities 3. Net income or loss during November 4. Total shareholders' equity 82000 1. Total assets $ $45000 2. Total liabilities 3. Net lincome $ 26300 4. Total shareholders' equity $37000 Blueberry Inc. Trial Balance...
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