Homework Answers
| LARKSPUR, INC. | |
| Retained Earnings Statement | |
| For Year ended December 31, 2017 | |
| $ | |
| Retained earnings, January 1 | 17,600.00 |
| Add: Net income | 10,400.00 |
| 28,000.00 | |
| Less: Dividends | (6,200.00) |
| Retained earnings, Dec.31, 2019 | 21,800.00 |
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Partial adjusted trial balance for Larkspur, Inc. at December 31, 2017, includes the following...
Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts:...
Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts: Retained Earnings $16,700, Dividends $4,700, Service Revenue $36,300, Salaries and Wages Expense $15,000, Insurance Expense S1,980, Rent Expense $4,000, Supplies Expense $1,590, and Depreciation Expense丰900. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.) PINA COLADA CORP Retained Eanings Statement For...
Brief Exercise 4-11 Partial adjusted trial balance for Sheffield Corp. at December 31, 2017, includes the...
Brief Exercise 4-11 Partial adjusted trial balance for Sheffield Corp. at December 31, 2017, includes the following accounts: Retained Earnings $17,000, Dividends $6,700, Service Revenue $36,300 Salaies and Wages Expense $14,000, Insurance Expense $1,880, Rent Expense $4,080, Supplies Expense $1,440, and Depreciation Expense $900. The balance in Retained Earnings is the balance as of January 1 Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.) SHEFFIELD CORP Retained Eamings...
The adjusted trial balance of Tamarisk, Inc. at December 31, 2019, includes the following accounts: Common...
The adjusted trial balance of Tamarisk, Inc. at December 31, 2019, includes the following accounts: Common Stock $16,900, Dividends $7,200, Service Revenue $36,500, Salaries and Wages Expense $16,700, Insurance Expense $1,300, Rent Expense $4,700, Supplies Expense $1,800, and Depreciation Expense $1,700. The balance in Common Stock is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,300 for the year and Retained Earnings is $7,400 on January 1. (List items that...
Partial adibed trial balance for ossom Company December 31, 2017 includes the following accounts Retained Earnings...
Partial adibed trial balance for ossom Company December 31, 2017 includes the following accounts Retained Earnings $16.500, Dividends 54.600, Service Reven $38. Supplies Expense $1.560, and Depreciation Expense $830. The balance in Retained wings is the balances of January 7 00, Salaries and W 1 1600, Insurance Expense 51,700, Rent Expense Prepare a retained earnings statement for the year assuming net income is $10.400. items that incr e digt) BLOSSOM COMPANY Retained Earnings Statement List of Accounts
LARKSPUR INC. Statement of Cash Flows For the Year Ended December 31, 2017 The comparative balance...
LARKSPUR INC. Statement of Cash Flows For the Year Ended December 31, 2017 The comparative balance sheets of Larkspur Inc, at the beginning and the end of the year 2017 are as follows. Adjustments to reconcile net inoome to LARKSPUR INC. BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment S 46,760 94,360 42,360 20,360 $163,120 $14,760 89,600 23,600 11,000 $116,960 $32,000 Inc. 4,760 Inc. 1B,760 Inc 9,360 Inc Total Accounts payable...
The following is the adjusted trial balance of Marie, Inc., at December 31, 2018, the end...
The following is the adjusted trial balance of Marie, Inc., at December 31, 2018, the end of the current year. The retained earnings balance was $11,500 at January 1, 2018, the beginning of the current year. Marie, Inc. Adjusted Trial Balance December 31, 2018 Accounts Debit Credit Cash $83,600 Accounts Receivable 29,000 Prepaid Insurance 3,500 Office Supplies 3,200 Building 207,000 Accumulated Depreciation—Building $26,500 Land 47,000 Accounts Payable 25,000 Salaries Payable 5,000 Unearned Revenue 27,000 Mortgage Payable 103,000 Common Stock 16,000...
The adjusted trial balance of Whispering Winds Corp. at December 31, 2017, includes the following accounts:...
The adjusted trial balance of Whispering Winds Corp. at December 31, 2017, includes the following accounts: Retained Earnings $16,680, Dividends $6,539, Service Revenue $37,549, Salaries and Wages Expense $13,817, Insurance Expense $1,796, Rent Expense $3,899, Supplies Expense $1,519, and Depreciation Expense $929. Prepare an income statement for the year. WHISPERING WINDS CORP. Income Statement
The adjusted trial balance for Chiara Company as of December 31, 2017, follows. 1(a) Prepare the...
The adjusted trial balance for
Chiara Company as of December 31, 2017, follows.
1(a) Prepare the income statement for the year ended December 31, 2017 1(b) Prepare the statement of retained earnings for the year ended December 31, 2017 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 10 Prepare the income statement for the year ended December 31, 2017. CHIARA COMPANY...
3. The adjusted trial balance of Wilcox Company at December 31, 2017 includes the following accounts:...
3. The adjusted trial balance of Wilcox Company at December 31, 2017 includes the following accounts: Retained Earnings $12,600; Dividends $6,000; Service Revenue $35,000; Salaries and Wages Expense $16,000; Insurance Expense $2,000; Rent Expense $3,500; Supplies Expense $500; and Depreciation Expense $1,000. (7%) Instructions Prepare a retained earnings statement for the year.
The adjusted trial balance of Skysong, Inc. at December 31, 2020, includes the following accounts: Common...
The adjusted trial balance of Skysong, Inc. at December 31, 2020, includes the following accounts: Common Stock $17,600, Dividends $7,700, Service Revenue $37,400, Salaries and Wages Expense $15,600, Insurance Expense $1.200, Rent Expense $4,000, Supplies Expense $2,400, and Depreciation Expense $1,600. Prepare an income statement for the year. Skysong, Inc. Income Statement $
Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts: Retained Earnings $16,700, Dividends $4,700, Service Revenue $36,300, Salaries and Wages Expense $15,000, Insurance Expense S1,980, Rent Expense $4,000, Supplies Expense $1,590, and Depreciation Expense丰900. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.) PINA COLADA CORP Retained Eanings Statement For...
Brief Exercise 4-11 Partial adjusted trial balance for Sheffield Corp. at December 31, 2017, includes the following accounts: Retained Earnings $17,000, Dividends $6,700, Service Revenue $36,300 Salaies and Wages Expense $14,000, Insurance Expense $1,880, Rent Expense $4,080, Supplies Expense $1,440, and Depreciation Expense $900. The balance in Retained Earnings is the balance as of January 1 Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.) SHEFFIELD CORP Retained Eamings...
The adjusted trial balance of Tamarisk, Inc. at December 31, 2019, includes the following accounts: Common Stock $16,900, Dividends $7,200, Service Revenue $36,500, Salaries and Wages Expense $16,700, Insurance Expense $1,300, Rent Expense $4,700, Supplies Expense $1,800, and Depreciation Expense $1,700. The balance in Common Stock is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,300 for the year and Retained Earnings is $7,400 on January 1. (List items that...
Partial adibed trial balance for ossom Company December 31, 2017 includes the following accounts Retained Earnings $16.500, Dividends 54.600, Service Reven $38. Supplies Expense $1.560, and Depreciation Expense $830. The balance in Retained wings is the balances of January 7 00, Salaries and W 1 1600, Insurance Expense 51,700, Rent Expense Prepare a retained earnings statement for the year assuming net income is $10.400. items that incr e digt) BLOSSOM COMPANY Retained Earnings Statement List of Accounts
LARKSPUR INC. Statement of Cash Flows For the Year Ended December 31, 2017 The comparative balance sheets of Larkspur Inc, at the beginning and the end of the year 2017 are as follows. Adjustments to reconcile net inoome to LARKSPUR INC. BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment S 46,760 94,360 42,360 20,360 $163,120 $14,760 89,600 23,600 11,000 $116,960 $32,000 Inc. 4,760 Inc. 1B,760 Inc 9,360 Inc Total Accounts payable...
The adjusted trial balance of Whispering Winds Corp. at December 31, 2017, includes the following accounts: Retained Earnings $16,680, Dividends $6,539, Service Revenue $37,549, Salaries and Wages Expense $13,817, Insurance Expense $1,796, Rent Expense $3,899, Supplies Expense $1,519, and Depreciation Expense $929. Prepare an income statement for the year. WHISPERING WINDS CORP. Income Statement
The adjusted trial balance for
Chiara Company as of December 31, 2017, follows.
1(a) Prepare the income statement for the year ended December 31, 2017 1(b) Prepare the statement of retained earnings for the year ended December 31, 2017 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 10 Prepare the income statement for the year ended December 31, 2017. CHIARA COMPANY...
3. The adjusted trial balance of Wilcox Company at December 31, 2017 includes the following accounts: Retained Earnings $12,600; Dividends $6,000; Service Revenue $35,000; Salaries and Wages Expense $16,000; Insurance Expense $2,000; Rent Expense $3,500; Supplies Expense $500; and Depreciation Expense $1,000. (7%) Instructions Prepare a retained earnings statement for the year.
The adjusted trial balance of Skysong, Inc. at December 31, 2020, includes the following accounts: Common Stock $17,600, Dividends $7,700, Service Revenue $37,400, Salaries and Wages Expense $15,600, Insurance Expense $1.200, Rent Expense $4,000, Supplies Expense $2,400, and Depreciation Expense $1,600. Prepare an income statement for the year. Skysong, Inc. Income Statement $
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