Homework Answers
| Salaries and wages -cash paid | ||||||
| salaries and wage expense | 157000 | |||||
| Add decrease in salary & wages payable | 3300 | |||||
| cash paid | 160300 | |||||
| answer) | option a | |||||
| $160,300 | ||||||
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This Question: 2 pts 15 of 16 (14 complete) From the Income Statement and Balance Sheet...
From the Income Statement and Balance Sheet information listed below, what amount of cash was paid...
From the Income Statement and Balance Sheet information listed below, what amount of cash was paid for salaries and wages during 2018? Salaries and wages expense Salaries and wages payable Salaries and wages payable 12/31/17 12/31/18 2018 $215,000 $8,500 $11,600 OA. $211,900 OB. $218,100 C. $235,100 O D. $215,000
M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet (LO 1-2, LO 1-...
M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet (LO 1-2, LO 1- 3] [The following information applies to the questions displayed below.) Part 3 of 4 The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). 4.34 points $ 4,650 580 8,700 2,970 1,220 20 14,370 260 eBook Print Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest...
2 M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO...
2 M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO 1- 31 [The following information applies to the questions displayed below.) Part 1 of 4 The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). 4.34 points $ 4,650 580 Skipped 8,700 2,970 1,220 20 eBook Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense...
Exercise 2-12 Financial Statement Classification statement-balance sheet (BS), income statement (IS), or retained earnings statement (RE)-on...
Exercise 2-12 Financial Statement Classification statement-balance sheet (BS), income statement (IS), or retained earnings statement (RE)-on which each of the following items would appear. 11. Land held for future expansion 12. Loan payable 13. Office supplies 1. Accounts payable 2. Accounts receivable 3. Advertising expense 4. Bad debt expense 5. Bonds payable 6. Buildings 7. Cash 8. Common stock 9. Depreciation expense 10. Dividends -14. Patent 15. Patent amortization expense 16. Prepaid insurance 17. Retained earnings 18. Sales 19. Utilities...
Stuck on Income statement Interest Expense and Depreciation Expense Previous year Balance sheet Previous year Income...
Stuck on Income statement Interest Expense and Depreciation Expense
Previous year Balance sheet
Previous
year Income Statement
AutoSave Problem1_Student File_F20V2.xlsx - Read-Only - Excel OB 2 Data View Team Review Help Formulas File Home Insert Page Layout - General - 11 - A A 2 Wrap Text Calibri Xcut Copy 3 Format Painter a.A BIU $ - % Merge & Center IM Num! Font Alignment Clipboard D22 1 Sales for 2019 2 Cost of goods sold as percent of sales...
Fill out the table Mark X if it goes to balance sheet or income Statement Normal...
Fill out the table Mark X if it goes to balance sheet or income Statement Normal Bal Account Name Type Income statement Balance Sheet Debit/Credit Perm./Temp 1 Cash 2 Capital Stock 3 Mortgage Payable 4 Interest Receivable 5 Supplies 6 Account Payable 7 Short Term Investments 8 Repair Expense 9 Unearned Service Revenue 10 Equipment 11 Depreciation Expense 12 Interest Revenue 13 Salaries Expense 14 Retained Earnings 15 Accumulated Depreciation 16 Utilities Expense 17 Salaries Payable 18 Account Receivable 19...
LO 1-2, 1-3 M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet The...
LO 1-2, 1-3 M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense $ 4,650 580 8,700 2,970 1.220 20 14,370 260 Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and...
Required information M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2,...
Required information M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO 1- 3] [The following information appliles to the questions displayed below) The following information was reported in the December 31, 2017, financial statements of National Alrways, Inc. (listed alphabetically, amounts in millions). $ 4,315 660 Accounts Payable Accounts Receivable Aircraft Fuel Expense 9,500 3,05e 1,260 Cash Connon Stock Dividends 35 15,330 270 Equipnent Income Tax Expense 210 Interest Expense Landing Fees Expense Notes...
i want the income statement, statement of retained earnings, and balance sheet 2 MIX Inc. is...
i want the income statement, statement of retained earnings, and
balance sheet
2 MIX Inc. is a service business incorporated on January, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars). The accounts have normal debit or credit balances. Accounts Payable $ 600...
6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance...
6-a. Prepare an income statement.
6-b. Prepare the statement of retained
earnings.
6-c. Prepare the balance sheet.
follows (the amounts are rounded to thousands of dollars to simplify): 7 Account Titles Debit Credit Cash $ 4 Accounts Receivable Supplies 11 Land 0 Equipment 53 Accumulated $ 7 Depreciation Software 20 Accumulated Amortization Accounts Payable 6 Notes Payable 0 (short-term) Salaries and Wages 0 Payable Interest Payable 0 Income Tax Payable 0 Common Stock 65 Retained Earnings 7 Service Revenue 0...
From the Income Statement and Balance Sheet information listed below, what amount of cash was paid for salaries and wages during 2018? Salaries and wages expense Salaries and wages payable Salaries and wages payable 12/31/17 12/31/18 2018 $215,000 $8,500 $11,600 OA. $211,900 OB. $218,100 C. $235,100 O D. $215,000
M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet (LO 1-2, LO 1- 3] [The following information applies to the questions displayed below.) Part 3 of 4 The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). 4.34 points $ 4,650 580 8,700 2,970 1,220 20 14,370 260 eBook Print Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest...
2 M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO 1- 31 [The following information applies to the questions displayed below.) Part 1 of 4 The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). 4.34 points $ 4,650 580 Skipped 8,700 2,970 1,220 20 eBook Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense...
Exercise 2-12 Financial Statement Classification statement-balance sheet (BS), income statement (IS), or retained earnings statement (RE)-on which each of the following items would appear. 11. Land held for future expansion 12. Loan payable 13. Office supplies 1. Accounts payable 2. Accounts receivable 3. Advertising expense 4. Bad debt expense 5. Bonds payable 6. Buildings 7. Cash 8. Common stock 9. Depreciation expense 10. Dividends -14. Patent 15. Patent amortization expense 16. Prepaid insurance 17. Retained earnings 18. Sales 19. Utilities...
Stuck on Income statement Interest Expense and Depreciation Expense
Previous year Balance sheet
Previous
year Income Statement
AutoSave Problem1_Student File_F20V2.xlsx - Read-Only - Excel OB 2 Data View Team Review Help Formulas File Home Insert Page Layout - General - 11 - A A 2 Wrap Text Calibri Xcut Copy 3 Format Painter a.A BIU $ - % Merge & Center IM Num! Font Alignment Clipboard D22 1 Sales for 2019 2 Cost of goods sold as percent of sales...
LO 1-2, 1-3 M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense $ 4,650 580 8,700 2,970 1.220 20 14,370 260 Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and...
Required information M1-16 Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet [LO 1-2, LO 1- 3] [The following information appliles to the questions displayed below) The following information was reported in the December 31, 2017, financial statements of National Alrways, Inc. (listed alphabetically, amounts in millions). $ 4,315 660 Accounts Payable Accounts Receivable Aircraft Fuel Expense 9,500 3,05e 1,260 Cash Connon Stock Dividends 35 15,330 270 Equipnent Income Tax Expense 210 Interest Expense Landing Fees Expense Notes...
i want the income statement, statement of retained earnings, and
balance sheet
2 MIX Inc. is a service business incorporated on January, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars). The accounts have normal debit or credit balances. Accounts Payable $ 600...
6-a. Prepare an income statement.
6-b. Prepare the statement of retained
earnings.
6-c. Prepare the balance sheet.
follows (the amounts are rounded to thousands of dollars to simplify): 7 Account Titles Debit Credit Cash $ 4 Accounts Receivable Supplies 11 Land 0 Equipment 53 Accumulated $ 7 Depreciation Software 20 Accumulated Amortization Accounts Payable 6 Notes Payable 0 (short-term) Salaries and Wages 0 Payable Interest Payable 0 Income Tax Payable 0 Common Stock 65 Retained Earnings 7 Service Revenue 0...
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