Homework Answers
Income / (loss) = Revenue - Expenses
Revenues = Service revenue = $445,100
Expenses = Depreciation + Insurance + Miscellaneous + Rent + Supplies + Utilities + Wages
Expenses = $9,000 + $3,100 + $8,350 + $55,000 + $2,650 + $34,800 + $360,000 = $472,900
Income / (loss) = $445,100 - $472,900 = - $27,800
So, Loss = $27,800
Add Answer to:
Instructions The following revenue and expense account balances were taken from the ledger of Wholistic Health...
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services...
The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense$7,600 Insurance Expense3,000 Miscellaneous Expense8,850 Rent Expense62,000 Service Revenue447,400 Supplies Expense2,500 Utilities Expense33,900 Wages Expense350,000 CHART OF ACCOUNTS Wholistic Health Services Co. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Office Equipment 16 Building 17 Accumulated Depreciation LIABILITIES 21 Accounts...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: $13,200 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 6,470 5,150 53,300 253,400 3,170 20,330 199,300 Prepare an income statement. Use a minus sign to indicate a net loss.
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acom Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense $10,000 Insurance Expense 9,000 Miscellaneous Expense 8,150 Rent tixpense 60,000 Service Revenue 634,900 Supplies Expense 4,100 Utilities Expense 44,700 Wages Expense 548,200 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 2018 Expenses: $...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2017, the end of the fiscal year: Depreciation Expense $12,100 Insurance Expense 5,930 Miscellaneous Expense 4,720 Rent Expense 48,900 Service Revenue 232,300 Supplies Expense 2,900 Utilities Expense 18,630 Wages Expense 182,700 Acorn Health Services Co. Income Statement For the Year Ended January 31, 2017 Expenses: $ Total expenses
Net loss, $20,900 EX 4-6 Income statement; net loss OBJ. 2 The following revenue and expense...
Net loss, $20,900 EX 4-6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 29, 2016, the end of the fiscal year: Depreciation Expense $ 7,500 Service Revenue $448,400 Insurance Expense 3,000 Supplies Expense 2.750 Miscellaneous Expense 8,150 Utilities Expense 33.900 Rent Expense 54,000 Wages Expense 360,000 Prepare an income statement SHOW ME HOW
1. The following revenue and expense account balances were taken from the Income Statement columns of...
1. The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet for Fraser Services Co. for December 31: $4,950 2,900 1,200 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 24,000 92,500 3,150 5,000 63,750 Prepare an income statement. 2. The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Trucking: $42,600 83,400 28,000 Accounts...
Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify...
Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. 1. Accounts Receivable 2. Equipment Asset 3. Fees Earned Expense 4. Insurance Expense Liability 5. Prepaid Advertising Revenue 6. Prepaid Rent 7. Rent Revenue < 8. Salary Expense 9. Salary Payable 10. Supplies 11. Supplies Expense 12. Unearned Rent Income Statement, Net Loss The following revenue and expense account balances were taken from the ledger of...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: $13,200 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 6,470 5,150 53,300 253,400 3,170 20,330 199,300 Prepare an income statement. Use a minus sign to indicate a net loss.
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acom Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense $10,000 Insurance Expense 9,000 Miscellaneous Expense 8,150 Rent tixpense 60,000 Service Revenue 634,900 Supplies Expense 4,100 Utilities Expense 44,700 Wages Expense 548,200 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 2018 Expenses: $...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2017, the end of the fiscal year: Depreciation Expense $12,100 Insurance Expense 5,930 Miscellaneous Expense 4,720 Rent Expense 48,900 Service Revenue 232,300 Supplies Expense 2,900 Utilities Expense 18,630 Wages Expense 182,700 Acorn Health Services Co. Income Statement For the Year Ended January 31, 2017 Expenses: $ Total expenses
Net loss, $20,900 EX 4-6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 29, 2016, the end of the fiscal year: Depreciation Expense $ 7,500 Service Revenue $448,400 Insurance Expense 3,000 Supplies Expense 2.750 Miscellaneous Expense 8,150 Utilities Expense 33.900 Rent Expense 54,000 Wages Expense 360,000 Prepare an income statement SHOW ME HOW
1. The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet for Fraser Services Co. for December 31: $4,950 2,900 1,200 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense 24,000 92,500 3,150 5,000 63,750 Prepare an income statement. 2. The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Trucking: $42,600 83,400 28,000 Accounts...
Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue, or expense. 1. Accounts Receivable 2. Equipment Asset 3. Fees Earned Expense 4. Insurance Expense Liability 5. Prepaid Advertising Revenue 6. Prepaid Rent 7. Rent Revenue < 8. Salary Expense 9. Salary Payable 10. Supplies 11. Supplies Expense 12. Unearned Rent Income Statement, Net Loss The following revenue and expense account balances were taken from the ledger of...
Most questions answered within 3 hours.
-
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 21 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 21 minutes ago -
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 22 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 21 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 26 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 34 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 40 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 55 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 58 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 1 hour ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 1 hour ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 1 hour ago