Homework Answers
Retained Earnings =Net worth -Common stock
=Total assets-liabilities -Common stock
Retained Earnings=(28000+7000+8000+145000-12000)-115000=$61000
2
Ending Retained Earnings + Dividend less Beginning Retained earnings
=$61000+$13000-$38000
Net income=$36000
Add Answer to:
Powered by 8 eCampus ePortfolios Community Content Collection HW Assignment 1 CLICK HERE TO REVIEW LEARNING...
HW Assignment 1 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTON 8 Answer saved Marked out of...
HW Assignment 1 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTON 8 Answer saved Marked out of 2.00 P ag question Determining Stockholders Equity and Assets Determine the following a. The stockholders' equity of a corporation that has assets of $550,000 and liabilities of $306,000 s 0 b. The assets of a corporation that has liabilities of $250,000, common stock of $100,000, and retained earnings of $85,000. s 0 Save Answers Previous page Finish attempt MacBook Air 80 5 0
S Powered by B eCampus ePortfolios Community Content Collection s > HW Assignment 10-Chapter 10 Menu...
S Powered by B eCampus ePortfolios Community Content Collection s > HW Assignment 10-Chapter 10 Menu QUESTION9 Correct Mark 1,00 out of 1,.00 PFlag question Edit question On January 2, 2016, Jenga Company purchased new manufacturing equipment. They paid $50,000 as a down payment and issued a long-term note to finance the balance. The note, which carries an interest rate of 4%, requires Jenga to make semiannual loan payments of $35,000 for five years, with the first payment due on...
arked out or 200P Hag question Determining Retalned Earnings and Net Income The following information appears...
arked out or 200P Hag question Determining Retalned Earnings and Net Income The following information appears in the records of Bock Corporation at year-end Accounts Receivable $23,000 Retained Earnings $7 Accounts Payable 11,000 Supplies Cash Common Stock 110,000 9,000 8,000 Equipment, net154,000 a. Calculate the balance in Retained Earnings at year-end. b. If the amount of the retained earnings at the beginning of the year was $30,000 and $12,000 in dividends is paid during the year, calculate net income for...
CLICK HERE TO REVIEW LEARNING OBJECTMES QUESTION 5 Not complete Marked out of 9.00 Flag question...
CLICK HERE TO REVIEW LEARNING OBJECTMES QUESTION 5 Not complete Marked out of 9.00 Flag question Determining ending consolidated balances in the second year following the acquisitio Assume a parent company acquired a subsidiary on January 1, 2015. The purchase price wa $745,000 in excess of the subsidiary's book value of Stockholders Equity on the acquisition date, and that excess was assigned to the following [A] assets: Original Original Useful Life Amount (years) [AJ Asset Property, plent and equipment (PPE),...
8. The WeBuild Construction Company sold $28 million of buildings in its first year of operations....
8. The WeBuild Construction Company sold $28 million of
buildings in its first year of operations. The company received
payments of $16.00 million for these buildings. The company's
income statement would report:
9.
10.
11.
12.
13.
14.
Multiple Choice Accounts Receivable of $16.00 million. o Expenses of $12.00 million. Sales Revenue of $16.00 million. Sales Revenue of $28 million. Required information [The following information applies to the questions displayed below.) The following information for the year ended December 31,...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
Homework: SLO Project Score: 0 of 10 pts 3 of 6 (1 complete) HW S P3-46A...
Homework: SLO Project Score: 0 of 10 pts 3 of 6 (1 complete) HW S P3-46A (similar to) 0 Data Table The adjusted trial balance of Vineyard Realty, Inc., at December 31, 2018, follows: EE (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Vineyard Realty's income statement and statement of retained earnings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement. Start...
I NEED HELP A = = = = = 8 , AaBbCcD AaBbCcDdl Aa Heading 3...
I NEED HELP
A = = = = = 8 , AaBbCcD AaBbCcDdl Aa Heading 3 Heading 5 Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: Colton Company Unadjusted Trial Balance December 31, 2018 140,000 23,000 6,500 36,000 106,000 17,000 72,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment / Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense...
Comprehensive Problem 1 Part B Page 150 COMPREHENSIVE PROBLEM 1 PART B (CHAPTERS 1, 3, 4)...
Comprehensive Problem 1 Part B
Page 150 COMPREHENSIVE PROBLEM 1 PART B (CHAPTERS 1, 3, 4) The purpose of Comprehensive Problem 1 is to review and reinforce your understanding of the accounting cycle. The number of accounts included in this comprehensive problem has been kept to a minimum so that you can simulate what might happen in actual practice without unnecessary redundancy or excessive time requirements BACKGROUND Sam and Ben considered the first year of operations of Sparkle Pool &...
Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: 106,000 28,000 7,500 30,000 110,000 15,000...
Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Everly Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600...
HW Assignment 1 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTON 8 Answer saved Marked out of 2.00 P ag question Determining Stockholders Equity and Assets Determine the following a. The stockholders' equity of a corporation that has assets of $550,000 and liabilities of $306,000 s 0 b. The assets of a corporation that has liabilities of $250,000, common stock of $100,000, and retained earnings of $85,000. s 0 Save Answers Previous page Finish attempt MacBook Air 80 5 0
S Powered by B eCampus ePortfolios Community Content Collection s > HW Assignment 10-Chapter 10 Menu QUESTION9 Correct Mark 1,00 out of 1,.00 PFlag question Edit question On January 2, 2016, Jenga Company purchased new manufacturing equipment. They paid $50,000 as a down payment and issued a long-term note to finance the balance. The note, which carries an interest rate of 4%, requires Jenga to make semiannual loan payments of $35,000 for five years, with the first payment due on...
arked out or 200P Hag question Determining Retalned Earnings and Net Income The following information appears in the records of Bock Corporation at year-end Accounts Receivable $23,000 Retained Earnings $7 Accounts Payable 11,000 Supplies Cash Common Stock 110,000 9,000 8,000 Equipment, net154,000 a. Calculate the balance in Retained Earnings at year-end. b. If the amount of the retained earnings at the beginning of the year was $30,000 and $12,000 in dividends is paid during the year, calculate net income for...
CLICK HERE TO REVIEW LEARNING OBJECTMES QUESTION 5 Not complete Marked out of 9.00 Flag question Determining ending consolidated balances in the second year following the acquisitio Assume a parent company acquired a subsidiary on January 1, 2015. The purchase price wa $745,000 in excess of the subsidiary's book value of Stockholders Equity on the acquisition date, and that excess was assigned to the following [A] assets: Original Original Useful Life Amount (years) [AJ Asset Property, plent and equipment (PPE),...
8. The WeBuild Construction Company sold $28 million of
buildings in its first year of operations. The company received
payments of $16.00 million for these buildings. The company's
income statement would report:
9.
10.
11.
12.
13.
14.
Multiple Choice Accounts Receivable of $16.00 million. o Expenses of $12.00 million. Sales Revenue of $16.00 million. Sales Revenue of $28 million. Required information [The following information applies to the questions displayed below.) The following information for the year ended December 31,...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
Homework: SLO Project Score: 0 of 10 pts 3 of 6 (1 complete) HW S P3-46A (similar to) 0 Data Table The adjusted trial balance of Vineyard Realty, Inc., at December 31, 2018, follows: EE (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Vineyard Realty's income statement and statement of retained earnings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement. Start...
I NEED HELP
A = = = = = 8 , AaBbCcD AaBbCcDdl Aa Heading 3 Heading 5 Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: Colton Company Unadjusted Trial Balance December 31, 2018 140,000 23,000 6,500 36,000 106,000 17,000 72,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment / Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense...
Comprehensive Problem 1 Part B
Page 150 COMPREHENSIVE PROBLEM 1 PART B (CHAPTERS 1, 3, 4) The purpose of Comprehensive Problem 1 is to review and reinforce your understanding of the accounting cycle. The number of accounts included in this comprehensive problem has been kept to a minimum so that you can simulate what might happen in actual practice without unnecessary redundancy or excessive time requirements BACKGROUND Sam and Ben considered the first year of operations of Sparkle Pool &...
Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Everly Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600...
Most questions answered within 3 hours.
-
A local
electronic company primarily manufactures four highly technical
telecommunication products. Each product must be processed...
asked 14 minutes ago -
•Describe the basic structure of collagen monomers •Explain how
amino acid composition of collagen contributes to...
asked 1 hour ago -
Compute the sample correlation coefficient
r for each of the following data sets.
(Use 3 decimal...
asked 2 hours ago -
5a. What are the advantages and disadvantages of Proxy ARP?
b. What is the TTL field...
asked 2 hours ago -
An ice cube (density = 900[kg/m3]) with a side length of
2.54[cm] is held by a...
asked 4 hours ago -
would you say that leaders in the international context are born
or made? That is, can...
asked 4 hours ago -
Instructions
Read the Digital Trends article "Solid state drives are speedier
than hard disk drives. Are...
asked 4 hours ago -
A multiple-choice test consists of 29 questions with possible
answers of a, b, c, d. Estimate...
asked 4 hours ago -
Question 1: Ethanol is the active ingredient of alcoholic
beverages. It is also s a possible...
asked 4 hours ago -
In the process of a simple distillation, the substances in the
still head tube are in...
asked 4 hours ago -
In a normal distribution with mean 3 and standard deviation of
7, what are the upper...
asked 4 hours ago -
A big block stone with mass M explodes and splits in two pieces
with mass 0.40M...
asked 4 hours ago