Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $39,000 Expenses: Salaries Advertising 6,000 Utilities...
Calculate the missing amounts.
| BULLDOG, INC. | |
| Income Statement | |
| Revenues | $39,000 |
| Expenses: | |
| Salaries | |
| Advertising | 6,000 |
| Utilities | 4,000 |
| Net income | |
I need the Salaries and Net Income along with how you calculated. Thank you.
Homework Answers
| Income Statement | ||
| Revenue | $39,000 | |
| Expenses: | ||
| Salaries | $23,000 | (a) |
| Advertising | $6,000 | |
| Utilities | $4,000 | |
| Net income | $6,000 | (b) |
| Working | ||
| Revenues – Expenses = Net Income. | ||
| You have net income of 6,000 which you have solved. So back into the salaries. | ||
| 39,000 – a – 6,000 – 4,000 = 6,000. So in this case, a = 23,000 | ||
| Retained Earnings Ending balance = Beginning balance + (b) - Dividend | ||
| $10,000 = $7,000 + b - $3,000 | ||
| b = $6,000 | ||
Add Answer to:
Calculate the missing amounts.
BULLDOG, INC.
Income Statement
Revenues
$39,000
Expenses:
Salaries
Advertising
6,000
Utilities...
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...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 39,000 BULLDOG, INC....
Below are incomplete financial statements for Bulldog, Inc. Required: 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 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 Sheet Liabilities $ 4,000...
Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues Expenses: Salaries 36,000 5,400 3,400 Utilities...
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Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 31,500 BULLDOG, INC....
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Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. Complete this question...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Calculate the missing amounts. BULLDOG, INC. Income Statement Year ended Dec. 31, 2021 $ 38,000 Revenues Expenses Salaries 5,800 3,800 Advertising Utilities Net income Income Statement Stmt of Stockholders Equity> 2 Below are incomplete financial statements for Bulldog, Inc Required: Calculate the missing amounts 5 points Skipped Complete...
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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...
Below are incomplete financial statements for Bulldog, Inc. Required: 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 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 Sheet Liabilities $ 4,000...
Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues Expenses: Salaries 36,000 5,400 3,400 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 9,400 S 6,400 S 15,800 Issuances 1,100 1,100 Add: Net income Less: Dividends (2,400) (2.400) Ending balance $ 10,500 $ 9,400 $ 19,900 Assets $ Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Liabilities 3,400 Accounts payable 2,400 Stockholders' Equity 8,400 Common stock...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 38,000 Expenses: Salaries Advertising 5,800 Utilities 3,800 Net income
BULLDOG, INC. Income Statement Revenues S 29,500 Expenses Salaries Advertising Utilities 4,100 2,100 Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stock Earnings Stockholders Equity Beginning balance $ 8,100 Issuances Add: Net income Less: Dividends Ending balance 5,100$ 13,200 1,100 1,100 (1,100) (1,100) 17,300 9,200S 8,100 $ BULLDOG, INC Balance Sheet Assets Liabilities $ 2,100 Accounts payable Cash Accounts receivable Supplies Equipment 2,650 Stockholders' Equity 오 | 7,100|Common stock 8,100 Retained eamings Total assets S 19950 Total...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 31,500 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising 4,500 2,500 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 8,500 $ 5,500 $ 14,000 Issuances 1,000 1,000 Add: Net income Less: Dividends (1,500) (1,500) Ending balance $ 9,500 $ 8,500 $ 18,000
Required Calculate the missing amounts CYCLONE, INC. Income Statement Revenues Expenses Salaries Rent Advertising s 12,200 6,200 4,200 Net income CYCLONE, INC Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equit Beginning balance$ Issuances of stock Add: Net income Less: Dividends Ending balance 13,200 $ 6,200 19,400 4,200 4,200 15,400 $ 7,200 $ 22,600 CYCLONE, INC Balance Sheet Assets Liabilities Cash Supplies Land Building 1,200 Accounts payable 3,200 Stockholders' Equity 5,200 Common stock 15,200Retained earnings Total assets Total...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Calculate the missing amounts. BULLDOG, INC. Income Statement Year ended Dec. 31, 2021 $ 38,000 Revenues Expenses Salaries 5,800 3,800 Advertising Utilities Net income Income Statement Stmt of Stockholders Equity> 2 Below are incomplete financial statements for Bulldog, Inc Required: Calculate the missing amounts 5 points Skipped Complete...
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,000 Rent 6,000 Advertising 4,000 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,000 13,000 $ 6,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,000 4,000 $ 15,000 $ 7,000 $ 22,000 Assets $ CYCLONE, INC....
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