Of the following list, which accounts are Balance Sheet, income statement, etc? Cash on Hand Checking...
Of the following list, which accounts are Balance Sheet, income
statement, etc?
Cash on Hand
Checking
Savings
Accounts receivable
Warranty Receivable
New Motorcycle Inventory
New ATV Inventory
New Scooter Inventory
New Power Equipment Inventory
New Other Products Inventory
Used Motorcycle, AATV, Scooter I
Sublet Repairs-RO's in progress
Parts Inventory
Accessories Inventory
Service Machinery & Equipment
Accumulated Depreciation-Service
Parts & Accessories
Office Equipment & Fixtures
Company Vehicles and Rental Units
Leasehold Improvements
Accounts Payable - Trade
Accounts Payable - Sweep Acct
License & Registration Fees Payable
Customer Deposits
Gift Cards
Notes Payable - Flooring
Bank Overdraft
Payroll Payable
Sales Taxes Payable
Payroll Taxes Payable
Note Payable - SH 1
Note Payable - SH 2
Note Payable - SH 2 #2
Note Payable - SH 1 #2
Capital Stock
Additional Paid-In Capital
Retained Earnings
Sales
Cost of Sales
Finance & Insurance Profit Center
Demonstrator & Training Units
Delivery Expense
Policy Expense
Floor Plan Interest
Advertising
Compensation Owner's Supervisor
Other Salaries & Wages
Payroll Taxes
Employee Benefits
Company Vehicle Expense
Office Supplies & Stationary
Other Supplies & Tools
Contributions
Outside Services
Laundry & Uniforms
Travel
Meals & Entertainment
Membership, Dues & Subscriptions
Professional Services
Freight
Telephone
Postage
Training
Bad Debt
Electronic Data Processing
Insurance - Other
Taxes - Other
Depreciation - Other
Equipment - Repairs & Rentals
Other Administrative Expenses
Rent/Mortgage Interest
Repairs & Maintenance - Bldgs
Depreciation - Bldg & Improvements
Depreciation - Leasehold Improvements
Depreciation - Fence
Taxes - Real Estate
Insurance - Bldgs & Improvements
Heat, Light, Power, Water
Interest Earned
Other Income
Cash Discounts Allowed
Interest Expense.
Homework Answers
Dear Student , please see allocation of item in respective head of Income Statement and balance sheet No value has been mentioned in the question .
Please check line by line . Any doubt , please drop message . I will get back to you
Thank you!!
| Income Statement | |
| Amnt($) | |
| sales | xxx |
| Less | |
| Cash discount allowed | xxx |
| Net Sals | xxx |
| Less | |
| Cost of goods sold | xxx |
| Add- other Income | xxx |
| Operating Profit | xxx |
| Less - Other expenses | |
| delivery Expenses | xxx |
| Policy Expenses | xxx |
| Advertisement | xxx |
| Floor Plan Interest | xxx |
| Compensation Owners Supervisor | xxx |
| Oter salaries and wages | xxx |
| Payroll taxes | xxx |
| Emplpyee Benefit | xxx |
| Company Vehicle Expenses | xxx |
| Office supplies and stationary | xxx |
| Other supplier & Tools | xxx |
| contribution | xxx |
| Outside service | xxx |
| Laundy & Uniform | xxx |
| Travel | xxx |
| Meals and Entertainment | xxx |
| membership , dues & Subscription | xxx |
| Prefessional service | xxx |
| Freight | xxx |
| Telephone | xxx |
| Postage | xxx |
| Training | xxx |
| bad debt | xxx |
| Electronic data processing | xxx |
| Insurance Others | xxx |
| Taxes - others | xxx |
| depreciation others | xxx |
| Equipment Repair and rentals | xxx |
| Other administratuve expenses | xxx |
| Rent and mortage Interest | xxx |
| Repair and maintenance Building | xxx |
| depreciation - | xxx |
| Bldg & improvement | xxx |
| leasehold Improvements | xxx |
| Fence | xxx |
| Taxes - real estate | xxx |
| Insurance- Bldg & Improvements | xxx |
| Heat, lights , power , water | xxx |
| Interest earned | (xxx) |
| Interest Expenses | xxx |
| net profit /(loss) | xxx |
| Balance Sheet- As on dated ... | |||
| Asset | Amnt($) | Liability | Amnt($) |
| Cash on hand | xxx | Account payable :- | |
| Checking and savings | xxx | -Trade | xxx |
| Account Receiavble | xxx | -Sweep act | xxx |
| Warranty Receivable | xxx | -License & Registration fees payable | xxx |
| Inventory | xxx | ||
| new Motorcycle | xxx | Customer deposit | xxx |
| New ATV | xxx | Gift cards | xxx |
| New SCOOTER | xxx | Notes payable -Flooring | xxx |
| New Power Equipment | xxx | Bank Overdraft | xxx |
| New Other Product | xxx | payroll payable | xxx |
| under Motorcycle ,AATV , Scooter | xxx | Sales Tax payable | xxx |
| Sublet Repairs Roin progress parts Invetory | xxx | payroll Tax payable | xxx |
| Accessories Inventory | xxx | Note Payable " | xxx |
| xxx | -SH1 | xxx | |
| Service Machiner & Equipment | xxx | -SH2 | xxx |
| Less - Accumulated Depreciation - Service | xxx | -SH2 #2 | xxx |
| Office Equipment & Fixture | xxx | -SH1 #2 | xxx |
| Company Vehicle and Rental units | xxx | Equity | xxx |
| Leasehold Improvement | xxx | capital Stock | xxx |
| Additional Paid up capital | xxx | ||
| Retained Earnings | xxx | ||
| Add - current year Profit /(loss) | xxx | ||
| Total Asset | xxx | Total Liability+ Equity | xxx |
Add Answer to:
Of the following list, which accounts are Balance Sheet, income
statement, etc?
Cash on Hand
Checking...
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6/30/2017
Account Name DR.CR.
Cash
500.00
Checking
5,600.00
Savings
7,800.00
Accounts
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90,000.00
Warranty
Receivables
500.00
New Motorcycle Inventory
499,600.00
New ATV Inventory
293,500.00
New Scooter
Inventory
300.00
New Power Equipment
Inventory
19,300.00
New Other Products
Inventory
7,900.00
Used Motorcycle, ATV, Scooter
I 69,900.00
Sublet Repairs-RO's in
Progress
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Parts Inventory
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Accessories Inventory
136,700.00
Service Machinery &...
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The following selected accounts and their current balances
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Adjusted Trial Balance
6/30/2017
Account Name DR.CR.
Cash
500.00
Checking
5,600.00
Savings
7,800.00
Accounts
Receivable
90,000.00
Warranty
Receivables
500.00
New Motorcycle Inventory
499,600.00
New ATV Inventory
293,500.00
New Scooter
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300.00
New Power Equipment
Inventory
19,300.00
New Other Products
Inventory
7,900.00
Used Motorcycle, ATV, Scooter
I 69,900.00
Sublet Repairs-RO's in
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The following selected accounts and their current balances
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Retained Earnings
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Accounts Receivable
334,200
Dividends
75,100
Inventory
381,000
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4,591,100
Estimated Returns Inventory
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Cost of Goods Sold
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Office Supplies
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Sales Salaries Expense
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Prepaid Insurance
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c. If you were asked to respond to parts (a)and (b) as part of
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Using the chart of accounts in Figure 2-1, determine the changes
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