Homework Answers
| Balance Sheet | |||
| Assets | Liabilities | ||
| Cash | 6,000 | Accounts Payable | 3,000 |
| Notes payable | 20,000 | ||
| Total Liabilities | 23,000 | ||
| Land | 18,000 | Stockholders Equity | |
| Equipment | 26,000 | Common Stock | 11,000 |
| Retained Earnings | 16,000 | ||
| Total Equity | 27,000 | ||
| Total assets | 50,000 | Total liabilities and equity | 50,000 |
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Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $19,500 1,700 26,500 11,000 11,500 13,500 32,500 4,700 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
Wolfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment...
Wolfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment $ 19,000 Accounts payable 1,600 Salaries expense 26,000 Common stock 12,000 Land 11,000 Notes payable 13,000 Service revenue 32,000 Cash 4,600 Retained earnings ? Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet Assets Liabilities Total liabilities Stockholders’ Equity Total stockholders’ equity Total assets Total liabilities and stockholders’ equity
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $16,500 1,100 23,500 11,000 8,500 10,500 29,500 4,100 Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Liabilitie / / / / / Total liabilities / Stockholders' Equity / Total assets Total stockholders' equity Total liabilities and stockholders' equity S 0
Wolfpack Construction has the following account balances at the end of the year Accounts Equipment Accounts...
Wolfpack Construction has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $23,eee 2,400 3e. 11,eee 15,000 17,000 36.000 5.4ee Required: Use only the appropriate accounts to prepare a balance sheet WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash...
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 eBook Required: Use only the appropriate accounts to prepare a balance sheet. Hint WOLFPACK CONSTRUCTION Balance Sheet December 31 Print Assets Liabilities $ 3,0 $ References Cash Land Equipment 6,000 Accounts payable 18,000 Notes payable 20,0 26,000 Total liabilities Stockholders' Equity Common stock Retained earnings 16. Total stockholders' equity null $
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service...
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $17,500 1,300 24,500 12,000 9,500 11,500 30,500 4,300 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets s Cash 4,300 Accounts payable Equipment Total liabilities Stockholders' Equity 12,000 Common stock Retained earnings + Total stockholders' equity Total liabilities and stockholders' equity 12.000 13,300 Total assets $ 21,800 $
Klein Interiors has the following account balances at the end of the year. Use only the...
Klein Interiors has the following account balances at the end of the year. Use only the appropriate accounts to prepare a balance sheet. Accounts Equipment Accounts payable Common stock Service revenue Cash Retained earnings Salaries expense Notes payable Balances $ 79,700 16,400 16.100 57,300 8,200 31,800 22.300 KLEIN INTERIORS Balance Sheet December 31 Liabilities Total abilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
how do i find the retained earnings? Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction...
how do i find the retained earnings?
Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $21,500 2,100 28,500 11,000 13,500 15,500 34,500 5, 100 ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities
olfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment...
olfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment $ 20,500 Accounts payable 1,900 Salaries expense 27,500 Common stock 12,000 Land 12,500 Notes payable 14,500 Service revenue 33,500 Cash 4,900 Retained earnings ? Required: Use only the appropriate accounts to prepare a balance sheet.
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $19,500 1,700 26,500 11,000 11,500 13,500 32,500 4,700 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $16,500 1,100 23,500 11,000 8,500 10,500 29,500 4,100 Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Liabilitie / / / / / Total liabilities / Stockholders' Equity / Total assets Total stockholders' equity Total liabilities and stockholders' equity S 0
Wolfpack Construction has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $23,eee 2,400 3e. 11,eee 15,000 17,000 36.000 5.4ee Required: Use only the appropriate accounts to prepare a balance sheet WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 eBook Required: Use only the appropriate accounts to prepare a balance sheet. Hint WOLFPACK CONSTRUCTION Balance Sheet December 31 Print Assets Liabilities $ 3,0 $ References Cash Land Equipment 6,000 Accounts payable 18,000 Notes payable 20,0 26,000 Total liabilities Stockholders' Equity Common stock Retained earnings 16. Total stockholders' equity null $
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $17,500 1,300 24,500 12,000 9,500 11,500 30,500 4,300 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets s Cash 4,300 Accounts payable Equipment Total liabilities Stockholders' Equity 12,000 Common stock Retained earnings + Total stockholders' equity Total liabilities and stockholders' equity 12.000 13,300 Total assets $ 21,800 $
Klein Interiors has the following account balances at the end of the year. Use only the appropriate accounts to prepare a balance sheet. Accounts Equipment Accounts payable Common stock Service revenue Cash Retained earnings Salaries expense Notes payable Balances $ 79,700 16,400 16.100 57,300 8,200 31,800 22.300 KLEIN INTERIORS Balance Sheet December 31 Liabilities Total abilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
how do i find the retained earnings?
Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $21,500 2,100 28,500 11,000 13,500 15,500 34,500 5, 100 ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
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