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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. During the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 52,600 13,400 24,000 200,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable...
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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $169,000 and a balance in retained earnings of $69,000. During the year, the company issued additional shares of stock for $59,000, earned net income of $49,000, and paid dividends of $11900. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 54,500 12,800 33,500 295,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable...
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At the beginning of 2018, Artichoke Academy reported a balance
in common stock of $170,000 and a balance in retained earnings of
$70,000. During the year, the company issued additional shares of
stock for $60,000, earned net income of $50,000, and paid dividends
of $12,000. In addition, the company reported balances for the
following assets and liabilities on December 31.
At the beginning of 2018, Artichoke Academy reported a balance in common stock of $170,000 and a balance in retained...
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Exercise 1-11A Link the statement of stockholders' equity to the balance sheet (LO1-3) At the beginning of 2021, Artichoke Academy reported a balance in common stock of $155,000 and a balance in retained earnings of $55,000. During the year, the company issued additional shares of stock for $45,000, earned net income of $35,000, and paid dividends of $10,500. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $...
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: Homework Chapter 1 i Help Save & EXIT SU At the beginning of 2018, Artichoke Academy reported a balance in common stock of $155,000 and a balance in retained earnings of $55,000. During the year, the company issued additional shares of stock for $45,000, earned net income of $35,000, and paid dividends of $10,500. In addition, the company reported balances for the following assets and liabilities on December 31. $ Assets Cash Supplies Prepaid rent Land Liabilities 53,100 Accounts...
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prepare balance sheet with above info (check if my numbers are
correct thankyou) below I have opened the drop downs to give you
all the options
At the beginning of 2018, Artichoke Academy reported a balance in common stock of $152,000 and a balance in retained earnings of $52,000. During the year, the company issued additional shares of stock for $42,000, earned net income of $32,000, and paid dividends of $10,200. In addition, the company reported balances for the following...
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At the beginning of Year 1, a company reported a balance in common stock of $152,000 and a balance in retained earnings of $52,000. During the year, the company issued additional shares of stock for $42,000, earned net income of $32,000, and paid dividends of $10,200. In addition, the company reported balances for the following assets and liabilities on December 31 $ Cash Supplies Prepaid rent Land $ 52,00 11.109 25,000 210,000 Liabilities Accounts payable Utilities payable Salaries payable Notes...
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On January 1, 2021, Red Flash Photography had the following
balances: Cash, $16,000; Supplies, $8,400; Land, $64,000; Deferred
Revenue, $5,400; Common Stock $54,000; and Retained Earnings,
$29,000. During 2021, the company had the following
transactions:
1.
February
15
Issue additional
shares of common stock, $24,000.
2.
May
20
Provide services to
customers for cash, $39,000, and on account, $34,000.
3.
August
31
Pay salaries to
employees for work in 2021, $27,000.
4.
October
1
Purchase rental
space for one year,...
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Required information The following information applies to the questions displayed below.) On January 1, 2021, Red Flash. Photography had the following balances: Cash, $17,000; Supplies, $8,500; Land, $65.000; Deferred Revenue $5,500; Common Stock $55,000; and Retained Earnings $30,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $25,000 2. May 20 Provide services to customers for cash, $40,000, and on account, $35, eee. 3. August 31 Pay salaries to employees for work...
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Required information [The following information applies to the questions displayed below.] On January 1, 2021, Red Flash Photography had the following balances: Cash, $20,000; Supplies, $8,800; Land, $68,000; Deferred Revenue, $5,800; Common Stock $58,000; and Retained Earnings, $33,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $28,000. 2. May 20 Provide services to customers for cash, $43,000, and on account, $38,000. 3. August 31 Pay salaries to employees for work in...
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. During the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 52,600 13,400 24,000 200,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable...
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $169,000 and a balance in retained earnings of $69,000. During the year, the company issued additional shares of stock for $59,000, earned net income of $49,000, and paid dividends of $11900. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 54,500 12,800 33,500 295,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable...
At the beginning of 2018, Artichoke Academy reported a balance
in common stock of $170,000 and a balance in retained earnings of
$70,000. During the year, the company issued additional shares of
stock for $60,000, earned net income of $50,000, and paid dividends
of $12,000. In addition, the company reported balances for the
following assets and liabilities on December 31.
At the beginning of 2018, Artichoke Academy reported a balance in common stock of $170,000 and a balance in retained...
Exercise 1-11A Link the statement of stockholders' equity to the balance sheet (LO1-3) At the beginning of 2021, Artichoke Academy reported a balance in common stock of $155,000 and a balance in retained earnings of $55,000. During the year, the company issued additional shares of stock for $45,000, earned net income of $35,000, and paid dividends of $10,500. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $...
: Homework Chapter 1 i Help Save & EXIT SU At the beginning of 2018, Artichoke Academy reported a balance in common stock of $155,000 and a balance in retained earnings of $55,000. During the year, the company issued additional shares of stock for $45,000, earned net income of $35,000, and paid dividends of $10,500. In addition, the company reported balances for the following assets and liabilities on December 31. $ Assets Cash Supplies Prepaid rent Land Liabilities 53,100 Accounts...
prepare balance sheet with above info (check if my numbers are
correct thankyou) below I have opened the drop downs to give you
all the options
At the beginning of 2018, Artichoke Academy reported a balance in common stock of $152,000 and a balance in retained earnings of $52,000. During the year, the company issued additional shares of stock for $42,000, earned net income of $32,000, and paid dividends of $10,200. In addition, the company reported balances for the following...
At the beginning of Year 1, a company reported a balance in common stock of $152,000 and a balance in retained earnings of $52,000. During the year, the company issued additional shares of stock for $42,000, earned net income of $32,000, and paid dividends of $10,200. In addition, the company reported balances for the following assets and liabilities on December 31 $ Cash Supplies Prepaid rent Land $ 52,00 11.109 25,000 210,000 Liabilities Accounts payable Utilities payable Salaries payable Notes...
On January 1, 2021, Red Flash Photography had the following
balances: Cash, $16,000; Supplies, $8,400; Land, $64,000; Deferred
Revenue, $5,400; Common Stock $54,000; and Retained Earnings,
$29,000. During 2021, the company had the following
transactions:
1.
February
15
Issue additional
shares of common stock, $24,000.
2.
May
20
Provide services to
customers for cash, $39,000, and on account, $34,000.
3.
August
31
Pay salaries to
employees for work in 2021, $27,000.
4.
October
1
Purchase rental
space for one year,...
Required information The following information applies to the questions displayed below.) On January 1, 2021, Red Flash. Photography had the following balances: Cash, $17,000; Supplies, $8,500; Land, $65.000; Deferred Revenue $5,500; Common Stock $55,000; and Retained Earnings $30,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $25,000 2. May 20 Provide services to customers for cash, $40,000, and on account, $35, eee. 3. August 31 Pay salaries to employees for work...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, Red Flash Photography had the following balances: Cash, $20,000; Supplies, $8,800; Land, $68,000; Deferred Revenue, $5,800; Common Stock $58,000; and Retained Earnings, $33,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $28,000. 2. May 20 Provide services to customers for cash, $43,000, and on account, $38,000. 3. August 31 Pay salaries to employees for work in...