Answer:
NICE BIT ,INC | |
STATEMENT OF RETAINED EARNINGS | |
Retained earnings, January 1, 2016 | $9,300 |
Net income for the year | $ 32,100 |
Retained earnings, December 31, 2016 | $41,400 |
INCOME STATEMENT | ||
Amount($) | Amount($) | |
Revenues: | ||
Service revenue | 1,49,800 | |
Total revenues | $ 1,49,800 | |
Expenses: | ||
Office expense | 14,900 | |
Salaries and wages expense | 36,300 | |
Utilities expense | 25,700 | |
Interest expense | 30,100 | |
Income tax expense | 10,700 | |
Total expense | $1,17,700 | |
Net Income | $32,100 |
The following Information for the year ended December 31, 2016, was reported by Nice Blte, Inc....
Required Information The following Information applies to the questions displayed below The following Information for the year ended December 31, 2016, was reported by Nice Blte, Inc. Accounts Payable Accounts Receivable S56,88e 33,880 186,488 89,000 135, 500 Cash (balance on January 1, 2816) Cash (balance on December 31, 2816) Cormon Stock Dividends Equipnent Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Hages Expense Service Revenue utilities Expense Salaries and Hages Payable...
The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. Accounts Payable $ 49,000 Accounts Receivable 26,800 Cash (balance on January 1, 2016) 103,900 Cash (balance on December 31, 2016) 90,000 Common Stock 156,500 Dividends 0 Equipment 140,700 Income Tax Expense 10,500 Interest Expense 29,900 Inventory 17,600 Notes Payable 27,600 Prepaid Rent 7,400 Office Expense 14,700 Retained Earnings (beginning) 8,300 Salaries and Wages Expense 36,100 Service Revenue 145,800 Utilities Expense 25,500 Salaries and Wages...
Com The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. Part 2 of 6 $ 46,000 23,800 90,400 78,000 152,500 2.5 points eBook Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Print References 137,700...
The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions) $ 4,345 65e 9,40e 3,840 1,255 3e 15, 21e Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Totes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and Mages Expense Supplies Ticket Revenues. 250 200 3,888 6,05 1988 7,03e 3.335 20.00 1. Prepare...
newconnect.mheducation.com Chapter 1 Homework Saved rk Required information The following information applies to the questions displayed below The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Incone Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable...
10) Jeffery Company has just completed operations for the year ended December 31, 2016. This is the second year of operations for the company. The following data have been assembled for the business. $ 6,500 |Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Insurance Expense $ 12,200 Office Expense 14,500 Rent Expense 8,200 Retained Earnings, Jan. 1, 2016 9,000 Salaries Expense 13,500 Service Revenue 15,000 Utilities Expense 4,000 9,600 8,300 36,000 84,000 6,200 Prepare the income statement. Use a...
The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). $ 4,345 650 9,4ee 3,040 1,255 3e 15.210 Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expenses Retained Earnings (as of December 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues 200 20e 3.800 6,935 1,902 7,030 335 215 2008 2. Prepare...
Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars. Accounts Payable $ 519,700 Accounts Receivable 461,600 Advertising Expense 80,100 Cash (January 1, 2016) 664,700 Cash (October 1, 2016) 675,130 Common Stock 832,200 Equipment 255,700 Office Expenses 114,200 Income Tax Expense 18,600 Interest Expense 2,900 Inventories 215,300 Notes Payable 54,000 Operating Expenses 263,400 Retained Earnings (January 1, 2016) 260,600 Sales Revenue 507,130 Supplies 86,700 Other cash flow information: Cash received...
Required information [The following information applies to the questions displayed below.] The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. $ 60,000 37,800 121,400 102,000 137,500 Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable...
Fitbit, Inc., reported the following information for the nine-month period ended October 1, 2016. Items are in thousands of dollars. Accounts Payable $ 521,100 Accounts Receivable 463,000 Advertising Expense 81,500 Cash (January 1, 2016) 666,100 Cash (October 1, 2016) 689,270 Common Stock 839,200 Equipment 257,100 Office Expenses 115,600 Income Tax Expense 20,000 Interest Expense 4,300 Inventories 216,700 Notes Payable 55,400 Operating Expenses 264,800 Retained Earnings (January 1, 2016) 262,000 Sales Revenue 522,670 Supplies 88,100 Other cash flow information: Cash received...