Correct answer-----------$575000
Working
Equipment | $ 255,000.00 |
Cash | $ 209,000.00 |
Supplies | $ 26,000.00 |
Accounts receivable | $ 85,000.00 |
Total Assets | $ 575,000.00 |
Splish Brothers Inc. compiled the following financial information as of December 31, 2022: Service revenue Common...
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $839000 192000 238000 746000 200000 65000 39000 100000 94500 454000 Windsor's retained earnings on December 31, 2022 are: O $39000. O $454000. O $549000 O $482000.
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $829000 183000 225000 729000 208000 56000 34000 120000 88000 445000 Metlock's stockholders' equity on December 31, 2022 is: $479000. $709000. $638000 $672000.
Concord Corporation compiled the following financial information as of December 31, 2022: $837000 Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 190000 250000 726000 225000 60000 34000 120000 94500 437000 Concord's stockholders' equity on December 31, 2022 is: O $644000 O $717000. O $678000. O $471000
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common stock 230000 Equipment 309000 Salaries and wages expense 370000 Rent expense 92500 Depreciation expense 462500 Cash 282000 Dividends 75000 Supplies 42000 Accounts payable 158000 Accounts receivable 104500 Retained earnings, 1/1/22 555000 Waterway's total assets at December 31, 2022 are:
Question 2 These financial statement items are for Splish Brothers Inc. at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,880 58,500 17,500 20,300 4,100 67,100 10,400 3,100 16,000 31,100 11,080 7,900 4,000 5,900 35,900 Prepare an income statement for the year. Splish Brothers Inc....
Sheffield Corp.compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $843000 183000 245000 744000 201000 59000 25000 124000 88500 426000 Sheffield's assets on December 31, 2022 are: O $559500 O $1009500 $1399500 O $490000.
Coronado Industries compiled the following financial information as of December 31, 2017: Service revenue $1181000 Common stock 240000 Equipment 307000 Operating expenses 980000 Cash 277000 Dividends 75000 Supplies 45000 Accounts payable 167000 Accounts receivable 108500 Retained earnings, 1/1/17 607000 Coronado retained earnings on December 31, 2017 are:
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash $1142000 226000 300000 967000 285000 83000 35000 150000 124500 579000 Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 Wildhorse stockholders'equity on December 31, 2017 is: $980000 $897000 $671000. $862000.
Splish Brothers Inc., a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues during 2020—camping fees $204,400 Notes payable $87,600 Revenues during 2020—general store 68,620 Expenses during 2020 219,000 Accounts payable 16,060 Supplies on hand 3,650 Cash on hand 29,200 Common stock 29,200 Original cost of equipment 154,030 Retained earnings ? Fair value of equipment 204,400 (a) Determine Splish Brothers Inc.’s net income for 2020. Splish Brothers...