Homework Answers
Answer- 1-18- a- UDDER PRODUCTS COMPANY
Statement of Owner's Equity
For the Month Ended April 30,2019
| Mark Kominksy's Capital on April 1,2019 | $384,500 | |
| Net Income for April | $166,000 | |
| Mark Kaminksy's withdrawals during year | $25,000 | |
| Increase in Owner's Equity | $141,000 | |
| Mark Kominksy's Capital On April 30,2019 | $525,500 |
b-The statement of Owner's Equity prepares before the April 30,2019 because Closing Balance of Mark Kominksy's Capital i.e.on April 30,2019 is needed to prepare Balance Sheet of the Company.
1-19 DAIRY SERVICES
INCOME STATEMENT
For the Month Ended August 31,2019
| Revenue: | ||
| Fees Earned | $783,000 | |
| Less: Operating Expenses:- | ||
| Wages Expenses | $550,000 | |
| Rent Expenses | $35,000 | |
| Supplies Expenses | $8,500 | |
| Miscellaneous Expenses | $11,400 | |
| Total Operating Expenses | $604,900 | |
| Net Income ($783,000-$604,900) | $178,100 |
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2-18 financia) in formajon prodocdo company ended related to Udder a propietorship For the April 30,...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
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For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000...
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Complete the sheet N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT...
Complete the sheet
N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT CREDIT ACCOUNTS Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payoble GST Recoverable PST Payable N. Foreman, Capital N. Foreman, Drawings Fees Revenue Bank Charges Cor Expense Miscellaneous Expense Light and Heat Expense Rent Expense Telephone Expense Woges Expense WORK SHEET TRIAL BALANCE INCOME STATEMENT DEBIT CREDIT DEBIT CREDIT Iz 5020 1537510 1250 - 18500 293 00 88 30 0 0...
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For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
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This is all they give
Cr. Concord Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,600 Accounts Receivable 7,300 Prepaid Rent 2,000 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,500 Accounts Payable 5,300 Common Stock 20,830 Retained Earnings 7,760 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 11,000 Rent Expense 900 Depreciation Expense 690 Interest Expense Interest Payable 70 Totals 59,460 59,460 70 No. Date Account Titles and Explanation Debit...
IVANHOE COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,700 Accounts Receivable 8,200 Prepaid Rent 2,000 Equipment 22,800 Accumulated Depreciation-Equip. 5,200 Notes Payable 5,600 Accounts Payable 5,400 Owner's Capital 27,190 Owner's Drawings 3,400 Service Revenue 15,900 Salaries and Wages Expense 10,600 Rent Expense 900 Depreciation Expense 690 Interest Expense 60 Interest Payable 60 Totals 59,350 59,350 IVANHOE COMPANY Income Statement $ $ e Textbook and Media
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Prepare an retained earnings statement. (List items that increase retained earnings first.) De Sousa Company...
Complete the sheet
N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT CREDIT ACCOUNTS Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payoble GST Recoverable PST Payable N. Foreman, Capital N. Foreman, Drawings Fees Revenue Bank Charges Cor Expense Miscellaneous Expense Light and Heat Expense Rent Expense Telephone Expense Woges Expense WORK SHEET TRIAL BALANCE INCOME STATEMENT DEBIT CREDIT DEBIT CREDIT Iz 5020 1537510 1250 - 18500 293 00 88 30 0 0...
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