Homework Answers
Ending retained earnings=retained earnings =$32000(B).
Beginning retained earnings+Net income-Dividends=Ending retained earnings
17000+Net income-4610=32000
Net income=32000+4610-17000
=$19610.(D).(E).
Revenue-Cost of goods sold-Salaries and wages expenses=Net income
84200-Cost of goods sold-10430=19610
Cost of goods sold=84200-10430-19610
=$54160(C).
Accounts payable+Common stock+Retained earnings=Total liabilities and stockholders equity
5800+Common stock+32000=67000
Common stock=67000-32000-5800
=$29200.(A).
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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet...
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ileyPLUS upport DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,900 15,900 39,100 $67,900...
ileyPLUS upport DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,900 15,900 39,100 $67,900 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,400 Common stock Retained earnings Total liabilities and stockholders' equity $ 67,900 DONAVAN, INC. Income Statement Revenues $85,200 DONAVAN, INC. Income Statement Revenues Cost of goods sold Salaries and wages expense Net Income $85,200 10.450 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings $32,900 $17,900 4,160 Send...
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet...
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 13,000 Inventory 16,000 Buildings 39,000 Total assets $68,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,400 Stockholders' Equity Common stock @ Retained earnings @ Total liabilities and stockholders' equity $68,000 DONAVAN, INC. Income Statement Revenues $84,700 Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $18,000 Add: Net income le) Less:...
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hi I need help with these questions... thanks DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
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Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC....
Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 12,300 Inventory 15,300 Buildings 39,700 Total assets $67,300 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,500 Stockholders' Equity Common stock Retained earnings (b) Total liabilities and stockholders' equity $67,300 DONAVAN, INC. Income Statement $85,900 Revenues Cost of goods sold Salaries and wages expense 10,310 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $17,300 Add: Net income...
this is all one question Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders'...
this is all one question
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Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity Liabilities $ 5,800 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $67,000 DONAVAN, INC. Income Statement Revenues $84,200 Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC Retained Earnings Statement $17,000 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings...
DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $14,000 17,000 38,000 $69,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,600 Common stock Retained earnings Total liabilities and stockholders' equity $69,000 DONAVAN, INC. $85,400 Revenues Cost of goods sold Salaries and wages expense Net Income 10,270 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings $19,000 4,770
ileyPLUS upport DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,900 15,900 39,100 $67,900 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,400 Common stock Retained earnings Total liabilities and stockholders' equity $ 67,900 DONAVAN, INC. Income Statement Revenues $85,200 DONAVAN, INC. Income Statement Revenues Cost of goods sold Salaries and wages expense Net Income $85,200 10.450 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings $32,900 $17,900 4,160 Send...
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 13,000 Inventory 16,000 Buildings 39,000 Total assets $68,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,400 Stockholders' Equity Common stock @ Retained earnings @ Total liabilities and stockholders' equity $68,000 DONAVAN, INC. Income Statement Revenues $84,700 Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $18,000 Add: Net income le) Less:...
E1-9 Here are incomplete financial statements for Donavan, Inc. DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement Revenues Cost of goods sold Salaries and wages expense Net income $85,000 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
* Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. Donavan, Inc. Balance Sheet Assets Cash Inventory $7,000 10,000 45,000 Buildings Total assets $62,000 Liabilities and Stockholders' Equity Liabilities $5,000 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $62,000 Donavan, Inc. Income Statement $85,000 Revenues Cost of goods sold (c) Salaries and wages expense (10,000) Net Income Donavan, Inc. Retained Earnings Statement Beginning retained earnings $12,000 Add: Net income Less:...
Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 12,300 Inventory 15,300 Buildings 39,700 Total assets $67,300 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,500 Stockholders' Equity Common stock Retained earnings (b) Total liabilities and stockholders' equity $67,300 DONAVAN, INC. Income Statement $85,900 Revenues Cost of goods sold Salaries and wages expense 10,310 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $17,300 Add: Net income...
this is all one question
Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $13,000 16,000 39,000 $68,000 $ 5,000 Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $68,000 CARLA VISTA CO. Income Statement Revenues $84,700 Cost of goods sold (c) Salaries and wages expense 10,180 Net income $ (d) CARLA VISTA CO. Income Statement Revenues $84,700 Cost of goods sold (c) Salaries and wages expense 10,180 Net income...
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