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5) Stymies Auto Service has the following balances for the year ended 12-31-09. Insurance expense Service...
INCOME STATEMENT On-Point Delivery Service has just completed operations for the year ended December 31, 20x3....
INCOME STATEMENT On-Point Delivery Service has just completed operations for the year ended December 31, 20x3. This is the third year of operations for the company. As the proprietor of the business, you want to know how well the business performed during the year. You also wonder where the business stands financially at the end of the year. To address these questions, you have assembled the following data: heet Assignments 59 $32,000 Insurance expense.. S 4,000 Salary expense Accounts payable...
4. The balances for the accounts of Milo's Management Co. for the year ended December 31...
4. The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 36,000 6,000 50,000 4,000 48,000 Accounts Payable..... $ 6,500 Wages Expense......... Accounts Receivable... 7,000 Rent Expense..... Cash.... ? Land.... Office Supplies 1,200 Unearned Management Fees Building. 125,000 D. Milo, Withdrawals Supplies Expense...... 21,500 D. Milo, Capital... 118,700 Management Revenue. 175,000 Calculate the correct balance for Cash and prepare a trial balance.
Q3. From the following ledger balances prepare a Trial Balance: Common stock $ 72,000 Insurance expense...
Q3. From the following ledger balances prepare a Trial Balance: Common stock $ 72,000 Insurance expense $ 600 Accounts Payable $ 4,000 Service Revenue $ 80,000 Building $ 48,000 Supplies Expense $ 400 Cash $ 4,000 Salary $ 7,000 Trucks $ 132,000 Fuel expense $ 3,000 Dividends $ 5,400 Utilities expense $ 500 Accounts receivables $ 8,800 Note payable $ 4,000 Supplies $ 300
These are the account balances for CSU corporations for year ended Dec. 31, 2018. Prepare the...
These are the account balances for CSU corporations for year ended Dec. 31, 2018. Prepare the Income statement, the Retained earnings statement, and the Balance sheet. SERVICE REVENUE 19,000 ACCOUNTS RECEIVABLE 4,000 ACCOUNTS PAYABLE 2,000 BUILDING RENTAL EXPENSE 9,000 NOTES PAYABEL 5,000 COMMON STOCK 10,000 RETAINED EARNINGS MUST BE CALCULATED EQUIPMENT 16,000 INSURANCE EXPENSE 1,000 SUPPLIES 1,800 SUPPLIES EXPENSE 200 CASH 3,400 DIVIDENDS 600
10) The balances for the accounts of Milo's Management Co. for the year ended December 31...
10) The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 7,000 Wages Expense......... Rent Expense............ 36,000 6,000 Accounts Payable..... Accounts Receivable... Cash..................... Office Supplies. Building................. Supplies Expense...... Common Stock........... Management Revenue. ? 1,200 125,000 I 21.500 I 118,700 175,000 Land. Unearned Management Fees Dividends 50,000 4,000 48,000 DIT Write your answer in the space provided or on a separate sheet of paper. eginning cash...
P4-26A The unadjusted T-accounts of Paladdin Investment Advisers, at Decem- ber 31, 2007, and the related...
P4-26A The unadjusted T-accounts of Paladdin Investment Advisers, at Decem- ber 31, 2007, and the related year-end adjustment data follow. Accounts Receivable Bal. 36,000 Supplies 9,000 Equipment Bal. 99,000 Bal. Salary Payable Accounts Payable Bal. 6,000 Unearned Service Revenue Bal. 5,000 S. Paladdin, Capital Bal. 36,000 S. Paladdin, Withdrawals Bal. 62,000 Supplies Expense Salary Expense Bal. 53,000 Interest Expense Bal. 6,000 Rent Expense Bal. 15,000 Insurance Expense Bal. 7,000 Adjustment data at December 31, 2007: a. Unearned service revenue earned...
P4-26A The unadjusted T-accounts of Paladdin Investment Advisers, at Decem ber 31, 2007, and the related...
P4-26A The unadjusted T-accounts of Paladdin Investment Advisers, at Decem ber 31, 2007, and the related year-end adjustment data follow. Preparing a work sheet and the financial statements -1 2 Cash Bal. 15,000 Accounts Receivable Bal. 36,000 Supplies Bal. 9,000 Equipment Bal. 99,000 Salary Payable Accumulated Depreciation Bal. 13,000 Accounts Payable Bal. 6,000 Uncarned Service Revenue I Bal. 5,000 Note Payable, Long-Term Bal. 60,000 S. Paladdin, Capital Bal. 36,000 S. Paladdin, Withdrawals Bal. 62,000 Supplies Expense Service Revenue Bal. 182,000...
balance of the erchandising company. The Balances from the trial company as of December 31, 2017...
balance of the erchandising company. The Balances from the trial company as of December 31, 2017 is given below. Hudson Co. Balances from the Trial Balance December 31.2011 Accounts Payable Customer Deposits Received Accumulated Depreciation, Office Equipment Prepaid Rent Long-term Notes Payable Merchandise Inventory Advertising Expense Sales Returns&Allowances Office Supplies Expense Interest Payable $13,000 1.400 12,000 1,800 9,500 2.800 6,000 3,400 1,800 Insurance Expense Sales Office Equipment 300,000 62,000 Rent Expense Withdrawals Cost of Goods Sold Capital 6,000 3,500 149,000...
Prepare Debit Company's income statement and statement of retained earnings for the year ended December 31,...
Prepare Debit Company's income statement and statement of
retained earnings for the year ended December 31, 20X7
Income Statement Revenue Expenses Total Expenses Net Income Statement of Retained Earnings Beginning Retained Earnings Net Income Less: Dividends Ending Retained Earnings Debit Company Adjusted Trial Balance December 31, 20X7 $4,000 2,000 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock...
One month transactions of ABC Company show the following balances. .- Prepare Income statement for the...
One month transactions of ABC Company show the following balances. .- Prepare Income statement for the period ending December, 2019. 2. Prepare the Owner's Equity Statement Sale Inventory A $21,000 Sale Inventory B $30,000 Sale Inventory C $50,000 Rent Expense $10,000 Insurance Expense $6,000 Salary Expense $40,000 Cash $30,200 Accounts receivable $2,200 Office supplies Expenses $1,000 Office equipment $36,000 Other Income $70,000 Fuel Expenses $700 Advertising Expenses $4,000 Accounts Payable $4,000 Capital $20,300 Withdrawal $8,000 Element of Competency: 1- Produce...
INCOME STATEMENT On-Point Delivery Service has just completed operations for the year ended December 31, 20x3. This is the third year of operations for the company. As the proprietor of the business, you want to know how well the business performed during the year. You also wonder where the business stands financially at the end of the year. To address these questions, you have assembled the following data: heet Assignments 59 $32,000 Insurance expense.. S 4,000 Salary expense Accounts payable...
4. The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 36,000 6,000 50,000 4,000 48,000 Accounts Payable..... $ 6,500 Wages Expense......... Accounts Receivable... 7,000 Rent Expense..... Cash.... ? Land.... Office Supplies 1,200 Unearned Management Fees Building. 125,000 D. Milo, Withdrawals Supplies Expense...... 21,500 D. Milo, Capital... 118,700 Management Revenue. 175,000 Calculate the correct balance for Cash and prepare a trial balance.
10) The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 7,000 Wages Expense......... Rent Expense............ 36,000 6,000 Accounts Payable..... Accounts Receivable... Cash..................... Office Supplies. Building................. Supplies Expense...... Common Stock........... Management Revenue. ? 1,200 125,000 I 21.500 I 118,700 175,000 Land. Unearned Management Fees Dividends 50,000 4,000 48,000 DIT Write your answer in the space provided or on a separate sheet of paper. eginning cash...
P4-26A The unadjusted T-accounts of Paladdin Investment Advisers, at Decem- ber 31, 2007, and the related year-end adjustment data follow. Accounts Receivable Bal. 36,000 Supplies 9,000 Equipment Bal. 99,000 Bal. Salary Payable Accounts Payable Bal. 6,000 Unearned Service Revenue Bal. 5,000 S. Paladdin, Capital Bal. 36,000 S. Paladdin, Withdrawals Bal. 62,000 Supplies Expense Salary Expense Bal. 53,000 Interest Expense Bal. 6,000 Rent Expense Bal. 15,000 Insurance Expense Bal. 7,000 Adjustment data at December 31, 2007: a. Unearned service revenue earned...
P4-26A The unadjusted T-accounts of Paladdin Investment Advisers, at Decem ber 31, 2007, and the related year-end adjustment data follow. Preparing a work sheet and the financial statements -1 2 Cash Bal. 15,000 Accounts Receivable Bal. 36,000 Supplies Bal. 9,000 Equipment Bal. 99,000 Salary Payable Accumulated Depreciation Bal. 13,000 Accounts Payable Bal. 6,000 Uncarned Service Revenue I Bal. 5,000 Note Payable, Long-Term Bal. 60,000 S. Paladdin, Capital Bal. 36,000 S. Paladdin, Withdrawals Bal. 62,000 Supplies Expense Service Revenue Bal. 182,000...
balance of the erchandising company. The Balances from the trial company as of December 31, 2017 is given below. Hudson Co. Balances from the Trial Balance December 31.2011 Accounts Payable Customer Deposits Received Accumulated Depreciation, Office Equipment Prepaid Rent Long-term Notes Payable Merchandise Inventory Advertising Expense Sales Returns&Allowances Office Supplies Expense Interest Payable $13,000 1.400 12,000 1,800 9,500 2.800 6,000 3,400 1,800 Insurance Expense Sales Office Equipment 300,000 62,000 Rent Expense Withdrawals Cost of Goods Sold Capital 6,000 3,500 149,000...
Prepare Debit Company's income statement and statement of
retained earnings for the year ended December 31, 20X7
Income Statement Revenue Expenses Total Expenses Net Income Statement of Retained Earnings Beginning Retained Earnings Net Income Less: Dividends Ending Retained Earnings Debit Company Adjusted Trial Balance December 31, 20X7 $4,000 2,000 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock...
One month transactions of ABC Company show the following balances. .- Prepare Income statement for the period ending December, 2019. 2. Prepare the Owner's Equity Statement Sale Inventory A $21,000 Sale Inventory B $30,000 Sale Inventory C $50,000 Rent Expense $10,000 Insurance Expense $6,000 Salary Expense $40,000 Cash $30,200 Accounts receivable $2,200 Office supplies Expenses $1,000 Office equipment $36,000 Other Income $70,000 Fuel Expenses $700 Advertising Expenses $4,000 Accounts Payable $4,000 Capital $20,300 Withdrawal $8,000 Element of Competency: 1- Produce...
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