Homework Answers
Income statement that you prepared is correct and please see the Retained earnings statement attached below
| Wildhorse co | |
| Retained earnings | |
| For the year ended 30 april 2017 | |
| Retained earnings at the begning | $ 1,600 |
| Add Net Income | $ 2,230 |
| Less Divided | $ 415 |
| Retained earnings at the end | $ 1,815 |
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You are provided with the following information for Wildhorse Co., effective as of its April 30,...
You are provided with the following information for Wildhorse Co., effective as of its April 30,...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225...
You are provided with the following information for Wildhorse Co., effective as of its April 30,...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225...
You are provided with the following information for Wildhorse Co., effective as of its April 30,...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividend:s Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225...
You are provided with the following information for Wildhorse Co., effective as of its April 30,...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2022 year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash $ 848 880 670 1,320 16,600 1,030 350 325 2,510 1,400 160 140 290 600 Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages...
You are provided with the following information for Pharoah Company, effective as of its April 30,...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022 year-end. $ 846 880 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) 620 1,250 17,200 1,040 415 400 2,590 1,600 190 125 210 600 980 13,645 2.500 3,300 64 70 Notes payable (short-term) Prepaid insurance...
You are provided with the following information for Concord Corporation, effective as of its April 30,...
You are provided with the following information for Concord Corporation, effective as of its April 30, 2017, year-end. Accounts payable $ 859 Accounts receivable 925 Accumulated depreciation—equipment 670 Cash 1,385 Common stock 1,245 Cost of goods sold 1,085 Depreciation expense 310 Dividends 350 Equipment 2,535 Income tax expense 190 Income taxes payable 160 Insurance expense 235 Interest expense 425 Inventory 1,082 Land 3,215 Mortgage payable 3,615 Notes payable 176 Prepaid insurance 85 Retained earnings (beginning) 1,600 Salaries and wages expense...
You are provided with the following information for Pharoah Company, effective as of its April 30,...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-enc $ 846 880 620 1,250 17,200 1,040 415 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) 400 2,590 1,600 190 125 210 600 980 13,645 2,500 3,300 400 2,590 1,600 190 125 210 600...
You are provided with the following information for Pharoah Company, effective as of its April 30,...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) $ 846 880 620 1.250 17,200 1,040 415 400 2,590 1,600 190 125 210 600 980 13,645 2,500 3,300 64 70 1,500 Notes payable (short-term) Prepaid...
You are provided with the following information for Sheridan Company, effective as of its April 30,...
You are provided with the following information for Sheridan Company, effective as of its April 30, 2017, year-end. Accounts payable $ 869 Accounts receivable 935 Accumulated depreciation—equipment 670 Cash 1,395 Common stock 1,275 Cost of goods sold 1,095 Depreciation expense 300 Dividends 360 Equipment 2,545 Income tax expense 200 Income taxes payable 170 Insurance expense 245 Interest expense 435 Inventory 1,092 Land 3,225 Mortgage payable 3,625 Notes payable 186 Prepaid insurance 95 Retained earnings (beginning) 1,600 Salaries and wages expense...
You are provided with the following information for Pharoah Company, effective as of its April 30,...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-end. $ 846 880 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) 620 1,250 17,200 1,040 415 400 2,590 1,600 190 125 210 600 980 13,645 2,500 3,300 Nadalah Notes payable (short-term) Prepaid insurance Retained...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividend:s Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $924 990 670 1,450 1,440 1,150 245 415 2,600 255 225...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2022 year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash $ 848 880 670 1,320 16,600 1,030 350 325 2,510 1,400 160 140 290 600 Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022 year-end. $ 846 880 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) 620 1,250 17,200 1,040 415 400 2,590 1,600 190 125 210 600 980 13,645 2.500 3,300 64 70 Notes payable (short-term) Prepaid insurance...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-enc $ 846 880 620 1,250 17,200 1,040 415 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) 400 2,590 1,600 190 125 210 600 980 13,645 2,500 3,300 400 2,590 1,600 190 125 210 600...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) $ 846 880 620 1.250 17,200 1,040 415 400 2,590 1,600 190 125 210 600 980 13,645 2,500 3,300 64 70 1,500 Notes payable (short-term) Prepaid...
You are provided with the following information for Pharoah Company, effective as of its April 30, 2022, year-end. $ 846 880 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) 620 1,250 17,200 1,040 415 400 2,590 1,600 190 125 210 600 980 13,645 2,500 3,300 Nadalah Notes payable (short-term) Prepaid insurance Retained...
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