Homework Answers
| BLOSSOM COMPANY | ||
| Income Statement | ||
| For the year ended July 31, 2020 | ||
| $ | $ | |
| Revenue: | ||
| Service Revenue | 60,500.00 | |
| Rent Revenue | 8,000.00 | |
| Total Revenue | 68,500.00 | |
| Less Expenses: | ||
| Salaries and wages expenses | 51,000.00 | |
| Utilities Expense | 22,000.00 | |
| Depreciation Expense | 3,500.00 | |
| Total expenses | 76,500.00 | |
| Net Income (Loss) | $ (8,000.00) | |
Add Answer to:
OURCES ed HW Question 1 These financial statement items are for Blossom Company at year-end, July...
list of accounts Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning...
These items are taken from the financial statements of Blossom 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 $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010 Insurance expense Salaries and wages expense Accumulated depreciation-equipment Prepare an income statement for...
need retained earnings statement These items are taken from the financial statements of Blossom Company for...
need retained earnings statement
These items are taken from the financial statements of Blossom 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 $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010 Prepare...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company 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) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
These financial statement items are for Concord Company at year-end, July 31, 2019. Salaries and wages...
These financial statement items are for Concord Company at
year-end, July 31, 2019. Salaries and wages payable $ 1,800 Notes
payable (long-term) $ 2,000 Salaries and wages expense 51,300 Cash
13,200 Utilities expense 22,300 Accounts receivable 9,200 Equipment
31,300 Accumulated depreciation-equipment 6,500 Accounts payable
4,700 Dividends 3,000 Service revenue 62,000 Depreciation expense
3,600 Rent revenue 8,600 Retained Earnings (beginning of the year)
21,400 Common Stock 26,900
Exercise 4-17 a1,a2-b (Part Level Submission) (Video) These financial statement items are for Concord...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $ 1.800 51,000 22,900 31,000 4,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,800 15,400 9.000 6.200 3,900 3.700 21.500 63,500 8.700 28,700 Prepare an income statement for the year. (Enter negative amounts using either a...
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019....
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019. Salaries and wages payable $ 1,600 Notes payable (long-term) $ 2,100 Salaries and wages expense 51,400 Cash 15,500 Utilities expense 22,100 Accounts receivable 9,700 Equipment 30,800 Accumulated depreciation equipment 5,800 Accounts payable 5,000 Dividends 3,400 Service revenue 60,500 Depreciation expense 4,200 Rent revenue 8,100 Retained Earnings (beginning of the year) 20,400 Common Stock 33,600 Prepare an income statement for the year. (Enter negative amounts...
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as...
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Credit Debit $8,000 8,500 15,500 Blossom Company Adjusted Trial Balance July 31, 2020 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732...
Question 1 of 4 < These financial statement items are for Cullumber Company at year-end, July...
Question 1 of 4 < These financial statement items are for Cullumber Company 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) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company...
These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries...
These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 utilities expense 21,100 Accounts receivable 9,730 Suipment 38,000 Accumulated depreciation 5,000 A unts payable 4,100 Owner's Drawings 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Owner's capital (beginning 48,000 of the year) Instructions a) Prepare an income statement and an owner's equity statement for the...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
These items are taken from the financial statements of Blossom 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 $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010 Insurance expense Salaries and wages expense Accumulated depreciation-equipment Prepare an income statement for...
need retained earnings statement
These items are taken from the financial statements of Blossom 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 $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010 Prepare...
These financial statement items are for Cullumber Company 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) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
These financial statement items are for Concord Company at
year-end, July 31, 2019. Salaries and wages payable $ 1,800 Notes
payable (long-term) $ 2,000 Salaries and wages expense 51,300 Cash
13,200 Utilities expense 22,300 Accounts receivable 9,200 Equipment
31,300 Accumulated depreciation-equipment 6,500 Accounts payable
4,700 Dividends 3,000 Service revenue 62,000 Depreciation expense
3,600 Rent revenue 8,600 Retained Earnings (beginning of the year)
21,400 Common Stock 26,900
Exercise 4-17 a1,a2-b (Part Level Submission) (Video) These financial statement items are for Concord...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $ 1.800 51,000 22,900 31,000 4,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,800 15,400 9.000 6.200 3,900 3.700 21.500 63,500 8.700 28,700 Prepare an income statement for the year. (Enter negative amounts using either a...
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019. Salaries and wages payable $ 1,600 Notes payable (long-term) $ 2,100 Salaries and wages expense 51,400 Cash 15,500 Utilities expense 22,100 Accounts receivable 9,700 Equipment 30,800 Accumulated depreciation equipment 5,800 Accounts payable 5,000 Dividends 3,400 Service revenue 60,500 Depreciation expense 4,200 Rent revenue 8,100 Retained Earnings (beginning of the year) 20,400 Common Stock 33,600 Prepare an income statement for the year. (Enter negative amounts...
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Credit Debit $8,000 8,500 15,500 Blossom Company Adjusted Trial Balance July 31, 2020 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732...
Question 1 of 4 < These financial statement items are for Cullumber Company 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) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company...
These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 utilities expense 21,100 Accounts receivable 9,730 Suipment 38,000 Accumulated depreciation 5,000 A unts payable 4,100 Owner's Drawings 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Owner's capital (beginning 48,000 of the year) Instructions a) Prepare an income statement and an owner's equity statement for the...
Most questions answered within 3 hours.
-
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 23 minutes ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 28 minutes ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 56 minutes ago -
At a local university, you poll a group of 115 students and find
that 37 of...
asked 37 minutes ago -
Gladstone company tracks the number of units purchased and sold
throughout each accounting period but applies...
asked 41 minutes ago -
When determining if a molecule's configuration is E or Z, what
determines the higher priority groups?
asked 45 minutes ago -
13. What is the amount
of conversion cost transferred to finished goods? (Round
your intermediate calculations...
asked 46 minutes ago -
Sulfuric Acid is a "strong" acid, but only releases a single
proton when it dissolves. What...
asked 46 minutes ago -
The
second floor of a house is 6 m above the street level. How much
work...
asked 48 minutes ago -
What uncontrollable factor(s) contributed to Hong Kong Disney’s
poor performance during its first year?
asked 50 minutes ago -
You are interested in whether students that have a male
instructors perform differently on exams. To...
asked 1 hour ago -
Discuss the following: The policies that promote economic
growth. Why are some countries more developed than...
asked 58 minutes ago