Homework Answers
Solution :
Cash, Supplies and Common Stock being Current Assets will be a part of the Assets side of the Balance Sheet.
Accounts Payable being Current liabilities will be a part of the Liabilities side of the Balance Sheet.
Retained Earnings are part of Owner’s Equity and will be a part of the Liabilities side of the Balance Sheet.
Service Revenue being Income , Salaries Expense and Utilities Expense being Expenses will be a part of Income Statement.
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.
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Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Salaries...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances...
Below are the account balances for Cowboy Law Firm at the end of
December.
Accounts Balances
Cash $ 4,800
Salaries expense 1,900
Accounts payable 2,800
Retained earnings 4,200
Utilities expense 1,200
Supplies 13,200
Service revenue 8,700
Common stock 5,400
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 the account balances for Cowboy Law Firm at the end of December Accounts Cash...
Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,100 2,050 3,100 4,050 1,200 13,500 9,000 5,700 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 ences Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement.
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...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,700 Salaries expense 1,350 Accounts payable 1,700 Retained earnings 4,550 Utilities expense 1,000 Supplies 12,100 Service revenue 7,600 Common stock 4,300 Required: Use only the appropriate accounts to prepare an income statement. Accounts Balances Cash $ 3,700 Salaries expense 1,350 Accounts payable 1,700 Retained earnings 4,550 Utilities expense 1,000 Supplies 12,100 Service revenue 7,600 Common stock 4,300 COWBOY LAW...
Below are the account balances for Cowboy Law Firm at the end of December. Required:...
Below are the account balances for Cowboy Law Firm at the end of
December.
Required:
Use only the appropriate accounts to prepare an income
statement.
Balances Accounts $ 5,000 2,000 Cash Salaries expense Accounts payable Retained earnings Utilities expense 3,000 4,000 1,100 Supplies Service revenue 13,400 8,900 5,600 Common stock COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 3,700 1,350 1,700 4,550 1,000 12,100 7,600 4,300 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 the account balances for Cowboy Law Firm at the end of December. Accounts Cash...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5, 300 2, 150 3, 300 3, 850 1, 100 13, 700 9, 200 5, 900 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
HELP 1 (CH 1-3) Below are the account balances for Cowboy Law Firm at the end...
HELP
1 (CH 1-3) Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,200 2,100 3,200 3,869 1, eee 13,600 9, 100 5.800 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 the account balances for Cowboy Law Firm at the end of December. Accounts Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of
December.
Accounts Balances
Cash $ 4,800
Salaries expense 1,900
Accounts payable 2,800
Retained earnings 4,200
Utilities expense 1,200
Supplies 13,200
Service revenue 8,700
Common stock 5,400
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 the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,100 2,050 3,100 4,050 1,200 13,500 9,000 5,700 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 ences Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement.
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...
Below are the account balances for Cowboy Law Firm at the end of
December.
Required:
Use only the appropriate accounts to prepare an income
statement.
Balances Accounts $ 5,000 2,000 Cash Salaries expense Accounts payable Retained earnings Utilities expense 3,000 4,000 1,100 Supplies Service revenue 13,400 8,900 5,600 Common stock COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 3,700 1,350 1,700 4,550 1,000 12,100 7,600 4,300 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 the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5, 300 2, 150 3, 300 3, 850 1, 100 13, 700 9, 200 5, 900 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
HELP
1 (CH 1-3) Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,200 2,100 3,200 3,869 1, eee 13,600 9, 100 5.800 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
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