Homework Answers
Retained earnings statement
For the year ended December 31, 2022
| Beginning retained earnings | 33380 |
| Add: Net income | 21430 |
| 54810 | |
| Less: Dividend | -12000 |
| Ending retained earnings | 42810 |
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These items are taken from the financial statements of Carla Vista Co, for 2022. Retained earnings...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) $33,380 Utilities expense 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable 6,010 1,650 3,140 15,650 Insurance expense 2,660 Salaries and wages expense 41,730 Accumulated depreciation-equipment 21,800 Prepare an income statement...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) Utilities expense $33,380 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance 6,010 Maintenance and repairs expense Depreciation expense Accounts receivable 1,650 3,140 15,650 Insurance expense Salaries and wages expense Accumulated depreciation-equipment 2,660 41,730 21,800 Prepare an income statement...
Prepare a classified balance sheet as of December 31, 2022 These items are taken from the...
Prepare a classified balance sheet as of December 31,
2022
These items are taken from the financial statements of Carla Vista Co, for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,380 2,150 63,800 18,340 14,300 5,510 23,200 12,000 3,500 6,300 2,100 72,760 6,010...
These items are taken from the financial statements of Kingbird, Inc. for 2017. Retained earnings (beginning...
These items are taken from the financial statements of Kingbird, Inc. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation equipment $33,380 2,150 68,380 22,250 14,300 5,510 12,000 12,000 72,730 6,010 1,650 3,140 15,650 2,660 41,730 21,800 Prepare an income statement for the year ended December 31, 2017. Kingbird,...
These items are taken from the financial statements of Kingbird, Inc. for 2017. Retained earnings (beginning...
These items are taken from the financial statements of Kingbird, Inc. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,380 2,150 68,380 22,250 14,300 5,510 12,000 12,000 72,730 6,010 1,650 3,140 15,650 2,660 41,730 21,800 Prepare a classified balance sheet as of December 31, 2017. (List current assets...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,800 2,160 66,300 20,560 13,750 6,640 21,800 12,000 3,600 5,600 1,900 71,700 7,140 1,640 3,270 15,160 2,530 40.700 21.250 Prepare a retained earnings statement...
The following items and amounts were taken from Carla Vista Co.’s 2022 income statement and balance...
The following items and amounts were taken from Carla Vista
Co.’s 2022 income statement and balance sheet, the end of its first
year of operations.
Interest expense
$ 2,100
Equipment, net
$ 55,100
Interest payable
800
Depreciation expense
3,700
Notes payable
11,300
Supplies
4,500
Sales revenue
50,100
Common stock
23,550
Cash
3,400
Retained earnings
?
Salaries and wages expense
16,000
Supplies expense
950
Prepare an income statement for Carla Vista Co. for December 31, 2022 Carla Vista Co. Income Statement...
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning...
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480 CULLUMBER COMPANY Income Statement For...
Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase...
Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) $33,380 Utilities expense 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable 6,010 1,650 3,140 15,650 Insurance expense 2,660 Salaries and wages expense 41,730 Accumulated depreciation-equipment 21,800 Prepare an income statement...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) Utilities expense $33,380 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance 6,010 Maintenance and repairs expense Depreciation expense Accounts receivable 1,650 3,140 15,650 Insurance expense Salaries and wages expense Accumulated depreciation-equipment 2,660 41,730 21,800 Prepare an income statement...
Prepare a classified balance sheet as of December 31,
2022
These items are taken from the financial statements of Carla Vista Co, for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,380 2,150 63,800 18,340 14,300 5,510 23,200 12,000 3,500 6,300 2,100 72,760 6,010...
These items are taken from the financial statements of Kingbird, Inc. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation equipment $33,380 2,150 68,380 22,250 14,300 5,510 12,000 12,000 72,730 6,010 1,650 3,140 15,650 2,660 41,730 21,800 Prepare an income statement for the year ended December 31, 2017. Kingbird,...
These items are taken from the financial statements of Kingbird, Inc. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,380 2,150 68,380 22,250 14,300 5,510 12,000 12,000 72,730 6,010 1,650 3,140 15,650 2,660 41,730 21,800 Prepare a classified balance sheet as of December 31, 2017. (List current assets...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,800 2,160 66,300 20,560 13,750 6,640 21,800 12,000 3,600 5,600 1,900 71,700 7,140 1,640 3,270 15,160 2,530 40.700 21.250 Prepare a retained earnings statement...
The following items and amounts were taken from Carla Vista
Co.’s 2022 income statement and balance sheet, the end of its first
year of operations.
Interest expense
$ 2,100
Equipment, net
$ 55,100
Interest payable
800
Depreciation expense
3,700
Notes payable
11,300
Supplies
4,500
Sales revenue
50,100
Common stock
23,550
Cash
3,400
Retained earnings
?
Salaries and wages expense
16,000
Supplies expense
950
Prepare an income statement for Carla Vista Co. for December 31, 2022 Carla Vista Co. Income Statement...
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480 CULLUMBER COMPANY Income Statement For...
Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
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