Homework Answers
| Bramble corp. | ||||||||
| Retained earnings statement | ||||||||
| For the month ended September 30,202X | ||||||||
| $ | ||||||||
| Retained earnings, September 1 | 800 | |||||||
| Add:Net income/(loss) | (Note:1) | 3380 | ||||||
| 4180 | ||||||||
| Less: Dividends | 850 | |||||||
| Retained earnings, September 30 | 3330 | |||||||
| Note:1 | ||||||||
| Net income/(loss)=Total revenues-Total expenses=6800-3420=$ 3380 | ||||||||
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Any question from the images with the drop down boxes. i added
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select the correct answer from the drop down in the images to prepare the income statement....
select the correct answer from the drop down in the images to
prepare the income statement. I added 3 images of the work i did
already to give you an idea of the number. thank you
Bramble Corp. Income Statement For the Year Ended September 30, 201XX For the Month Ended September 30, 202X September 30, 202X Prepare an income statement for September Bramble Corp. Income Statement thai Dividends Expenses Net Income / (Loss) Retained Earnings, September 1 Retained Earnings,...
Help beeded!. please select the corredt answer from the drop down and fill in the boxes....
Help beeded!. please select the corredt answer from the drop
down and fill in the boxes. I add the work i did already to give
you an idea. thank you very much for your help.
EN Prepare a balance sheet at September 30. (List Assets in order of liquidity.) ES Bramble Corp. Balance Sheet For the Year Ended September 30, 202X For the Month Ended September 30, 202X September 30, 202X Liabilities and Stockholders' Equity $4 %24 Liabilities O Military/Memorial...
The options in the drop-down are the same for all drop-down blacks (besides the top one)...
The options in the drop-down
are the same for all drop-down blacks (besides the top one)
On May 1, Novak Corp., a company that provides flying lessons, was started by using common stock in exchange for cash of $45,100. Following are the assets and liabilities of the company on May 31, 2020, and the revenues and expenses for the month of May. Cash Accounts Receivable Equipment Service Revenue Advertising Expense Accounts Payable $ 4,750 7,500 64,100 6,900 600 1,500 Notes...
Question 4 These items are taken from the financial statements of Bramble Corp. for 2017. Retained...
Question 4 These items are taken from the financial statements of Bramble Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,620 2,170 69,620 21,440 12,670 4,860 12,000 12,000 71,180 5,360 1,630 3,150 14,840 2,650 40,180 20,170 Prepare an income statement for the year ended December 31, 2017....
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...
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at...
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Problem 2-3A (Part Level Submission) You are provided with the following information for Bramble Corp., effective...
Problem 2-3A (Part Level Submission) You are provided with the following information for Bramble Corp., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue $904 970 670 1,430 1,380 1,130 265 395 2,580...
Problem 4-01 The following information is related to Coronado Company for 2020. Retained earnings balance, January...
Problem 4-01 The following information is related to Coronado Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,097,600...
Sunland Company reports pretax financial income of $72,000 for 2017. The following items cause taxable income...
Sunland Company reports pretax financial income of $72,000 for
2017. The following items cause taxable income to be different than
pretax financial income.
1.
Depreciation on the tax return is greater than depreciation on
the income statement by $14,700.
2.
Rent collected on the tax return is greater than rent
recognized on the income statement by $24,200.
3.
Fines for pollution appear as an expense of $11,900 on the
income statement.
Sunland’s tax rate is 40% for all years, and...
Exercise 12-8 Blue Spruce Corp.'s comparative balance sheets are presented below. Blue Spruce Corp. Comparative Balance...
Exercise 12-8 Blue Spruce Corp.'s comparative balance sheets are presented below. Blue Spruce Corp. Comparative Balance Sheets December 31 2019 2018 15,200 $10,600 Cash 20,700 23,500 Accounts receivable 20,300 26,300 Land 69,900 69,900 Buildings (14,800) (10,500) Accumulated depreciation-buildings $111,300 $119,800 Total Accounts payable $11,800 $28,300 75,900 71,600 Common stock Retained earnings 23,600 19,900 $111,300 $119,800 Total Additional information: 1. Net income was $23,100. Dividends declared and paid were $19,400. 2. No noncash investing and financing activities occurred during 2019. 3....
select the correct answer from the drop down in the images to
prepare the income statement. I added 3 images of the work i did
already to give you an idea of the number. thank you
Bramble Corp. Income Statement For the Year Ended September 30, 201XX For the Month Ended September 30, 202X September 30, 202X Prepare an income statement for September Bramble Corp. Income Statement thai Dividends Expenses Net Income / (Loss) Retained Earnings, September 1 Retained Earnings,...
Help beeded!. please select the corredt answer from the drop
down and fill in the boxes. I add the work i did already to give
you an idea. thank you very much for your help.
EN Prepare a balance sheet at September 30. (List Assets in order of liquidity.) ES Bramble Corp. Balance Sheet For the Year Ended September 30, 202X For the Month Ended September 30, 202X September 30, 202X Liabilities and Stockholders' Equity $4 %24 Liabilities O Military/Memorial...
The options in the drop-down
are the same for all drop-down blacks (besides the top one)
On May 1, Novak Corp., a company that provides flying lessons, was started by using common stock in exchange for cash of $45,100. Following are the assets and liabilities of the company on May 31, 2020, and the revenues and expenses for the month of May. Cash Accounts Receivable Equipment Service Revenue Advertising Expense Accounts Payable $ 4,750 7,500 64,100 6,900 600 1,500 Notes...
Question 4 These items are taken from the financial statements of Bramble Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,620 2,170 69,620 21,440 12,670 4,860 12,000 12,000 71,180 5,360 1,630 3,150 14,840 2,650 40,180 20,170 Prepare an income statement for the year ended December 31, 2017....
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...
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Problem 2-3A (Part Level Submission) You are provided with the following information for Bramble Corp., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue $904 970 670 1,430 1,380 1,130 265 395 2,580...
Problem 4-01 The following information is related to Coronado Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,097,600...
Sunland Company reports pretax financial income of $72,000 for
2017. The following items cause taxable income to be different than
pretax financial income.
1.
Depreciation on the tax return is greater than depreciation on
the income statement by $14,700.
2.
Rent collected on the tax return is greater than rent
recognized on the income statement by $24,200.
3.
Fines for pollution appear as an expense of $11,900 on the
income statement.
Sunland’s tax rate is 40% for all years, and...
Exercise 12-8 Blue Spruce Corp.'s comparative balance sheets are presented below. Blue Spruce Corp. Comparative Balance Sheets December 31 2019 2018 15,200 $10,600 Cash 20,700 23,500 Accounts receivable 20,300 26,300 Land 69,900 69,900 Buildings (14,800) (10,500) Accumulated depreciation-buildings $111,300 $119,800 Total Accounts payable $11,800 $28,300 75,900 71,600 Common stock Retained earnings 23,600 19,900 $111,300 $119,800 Total Additional information: 1. Net income was $23,100. Dividends declared and paid were $19,400. 2. No noncash investing and financing activities occurred during 2019. 3....
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