Below are incomplete financial statements for Cyclone,
Inc.
Required:
Calculate the missing amounts.
| Revenue | 24400 | |||
| Expenses | ||||
| Salaries | 11600 | |||
| Rent | 5600 | |||
| Advertisement | 3600 | |||
| Net income | 3600 | |||
| Common stock | Retained earning | Total stakeholder's equity | ||
| Beginning balance | 12600 | 5600 | 18200 | |
| Issuance of stock | 1600 | 1600 | ||
| Add: Net income | 3600 | 3600 | ||
| Less: Dividend | 2600 | 2600 | ||
| Ending balance | 14200 | 6600 | 20800 |
I JUST NEED THE BOTTOM ONE FILLED IN WHERE THE BLUE BLANKS ARE. thank you
Homework Answers
|
CYCLONE, INC. Balance Sheet Dec.31, 2021 |
|||
| Assets | Liabilities | ||
| Cash | $1,200 | Accounts payable | $2,600 |
| Supplies ($23,400-1,200-4,600-14,600) | 3,000 | Stockholders equity | |
| Land | 4,600 | Common stock | 14,200 |
| Building | 14,600 | Retained earnings | 6,600 |
| Total assets | $23,400 | Total liabilities and stockholders equity | $23,400 |
Add Answer to:
Below are incomplete financial statements for Cyclone,
Inc.
Required:
Calculate the missing amounts.
Revenue
24400
Expenses...
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income...
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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC....
Below are incomplete financial statements for Cyclone,
Inc.
Required:
Calculate the missing amounts.
CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries | $ 11,600 Rent 5,600 Advertising 3,600 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Earnings Total Stockholders' Equity $ 18,200 $ 12,600 $ 5,600 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,600 3,600 $ 14,200 $ 6,600 $ 20,800
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Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,000 Rent 6,000 Advertising 4,000 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,000 13,000 $ 6,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,000 4,000 $ 15,000 $ 7,000 $ 22,000 Assets $ CYCLONE, INC....
Below are incomplete financial statements for Cyclone,
Inc.
Required:
Calculate the missing amounts.
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Required Calculate the missing amounts CYCLONE, INC. Income Statement Revenues Expenses Salaries Rent Advertising s 12,200 6,200 4,200 Net income CYCLONE, INC Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equit Beginning balance$ Issuances of stock Add: Net income Less: Dividends Ending balance 13,200 $ 6,200 19,400 4,200 4,200 15,400 $ 7,200 $ 22,600 CYCLONE, INC Balance Sheet Assets Liabilities Cash Supplies Land Building 1,200 Accounts payable 3,200 Stockholders' Equity 5,200 Common stock 15,200Retained earnings Total assets Total...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 39,000 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income Less: Dividends (3.000) (3,000) Ending balance 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Liabilities $ 4,000...
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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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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...
* 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:...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 31,500 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising 4,500 2,500 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 8,500 $ 5,500 $ 14,000 Issuances 1,000 1,000 Add: Net income Less: Dividends (1,500) (1,500) Ending balance $ 9,500 $ 8,500 $ 18,000
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