Homework Answers
| KELLOGG COMPANY | ||
| Income Statement | ||
| For the year ended December 31, 2020 | ||
| REVENUES | ||
| Sales Revenue | 12,400 | |
| EXPENSES | ||
| Cost of goods sold | 6,800 | |
| Selling and administrative expenses | 3,410 | |
| Interest expenses | 320 | |
| Income tax expenses | 561 | |
| Total expenses | 11,091 | |
| Net Income | 1,309 |
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Prepare Income Statement
Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800...
A) prepare an income statement and a retained earnings statement for the year B) prepare a...
A) prepare an income statement and a retained earnings
statement for the year
B) prepare a classified statement of financial position at
July 31
s. mor E4-17 These financial statement items are for Van Dijk Company NV at year-end 2017. Salaries and wages payable $ 2,040 Notes payable (long-term) Salaries and wages expense 50,700 Cash Utilities expense 22,600 Accounts receivable Equipment 30,000 Accumulated depreciation equip. Accounts payable 4,100 Dividends Service revenue 62,000 Depreciation expense Rent revenue 8,500 Retained earnings (beginning...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions] Retained earning Cost of goods sold Selling and administrative expenses Cash Notes payable Interest Expense $5,900 7,250 3050 340 Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense $5.400 B90 12,700 1,160 140 660...
whats is the income statement and statement of retained earnings? Chapter 3 Assignment i Saved 7...
whats is the income statement and statement of retained
earnings?
Chapter 3 Assignment i Saved 7 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company 1 points eBook Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals Debit Credit $ 8,400 16,500 2,000 196,000 $ 40, 376 75,000 12,400...
Prepare an Income Statement and a statement of Retained Earnings sheet. Also, calculate profit margin and...
Prepare an Income Statement and a statement of Retained Earnings
sheet. Also, calculate profit margin and payout ratio.
XYZ Company Adjusted Trial Balance Debit Credit Cash 9,800 Accounts receivable 5,250 5,300 Supplies Prepaid Advertising 3,000 Trucks 30,300 $ 10,000 Accumulated depreciation – Trucks Equipment 7,600 Accumulated depreciation – Equipment 2,100 Accounts payable 1,200 Unearned service fees 6,700 Common Stock 10,000 Retained earnings 16,050 Dividends 12,000 Service fees earned 90,000 Wages expense 29,800 Rent expense 10,200 Insurance expense 4,900 Supplies expense...
Prepare an income statement and a retained earnings statement for the 2 months ended December 31,...
Prepare an income statement and a retained earnings statement
for the 2 months ended December 31, 2017, The note payable has a
stated interest rate of 6%, and the principal and interest are due
on November 16, 2019.
RUUSU 11al Dalal December 31, 2017 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment NT$1,180 875 350 1,210 1,200 NT$ 40 Accounts Payable Salaries and Wages Payable Unearned Service Revenue Notes Payable 300 2,000 Interest Payable 15 800...
Prepare Debit Company's income statement and statement of retained earnings for the year ended December 31,...
Prepare Debit Company's income statement and statement of
retained earnings for the year ended December 31, 20X7
Income Statement Revenue Expenses Total Expenses Net Income Statement of Retained Earnings Beginning Retained Earnings Net Income Less: Dividends Ending Retained Earnings Debit Company Adjusted Trial Balance December 31, 20X7 $4,000 2,000 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock...
For the following corporation ABC, prepare Income statement, Retained Earnings statement, and Balance sheet statement from...
For the following corporation ABC, prepare Income statement, Retained Earnings statement, and Balance sheet statement from the following information data for the year ended Dec,31, 2018. Service revenue $51000 Account receivable $12000 Accounts payable $6000 Building rental expenses $27000 Notes payable $15000 Common stock $30000 Retained earnings ? Equipment $48000 Insurance expense $3000 Supplies $3600 Supplies expense $600 Cash $6000 Dividends $1800
Prepare the income statement, statement of retained earnings and balance sheet for the following company: Debits...
Prepare the income statement, statement of retained earnings and balance sheet for the following company: Debits Credits Cash $15,500 Accounts Receivable 4,500 Equipment 45,000 Accumulated depreciation $5,000 Accounts Payable 4,000 Unearned revenue 1,200 Salaries Payable 2,000 Interest payable 1,200 Notes Payable 20,000 Capital Stock 30,000 Revenue 32,800 Salaries expense 17,000 Advertising expense 5,000 Fuel expense 2,000 Depreciation expense 5,000 Interest expense 1,200 Dividends 1,000 $96,200 $96,200
Prepare a Trial Balance, Multi Step Income Statement, Retained Earnings Statement, and Classified Balance Sheet the...
Prepare a Trial Balance, Multi Step Income
Statement, Retained Earnings Statement, and Classified Balance
Sheet
the
values needed are all the way on the left in the photo. i started
the trial balance (the green chart) but could not get both sides to
equal.
ACCT 251 EXCEL ASSIGNMENT - PREPARING FINANCIAL STATEMENTS IN EXCEL (see instructions tab for detailed instructions) Prepare a multi-step income statement: Prepare a retained earnings statement: Prepare a classified balance sheet: 1,001,360 101,360 591,680 Service Revenue...
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each...
Prepare the Statement of Retained Earnings from the Adjusted
Trial Balance and Income Statement. Within each section of the
statement, use the drop-down menus to enter the accounts in Chart
of Accounts order and select the account balances.
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. SMART TOUCH LEARNING SMART...
A) prepare an income statement and a retained earnings
statement for the year
B) prepare a classified statement of financial position at
July 31
s. mor E4-17 These financial statement items are for Van Dijk Company NV at year-end 2017. Salaries and wages payable $ 2,040 Notes payable (long-term) Salaries and wages expense 50,700 Cash Utilities expense 22,600 Accounts receivable Equipment 30,000 Accumulated depreciation equip. Accounts payable 4,100 Dividends Service revenue 62,000 Depreciation expense Rent revenue 8,500 Retained earnings (beginning...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions] Retained earning Cost of goods sold Selling and administrative expenses Cash Notes payable Interest Expense $5,900 7,250 3050 340 Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense $5.400 B90 12,700 1,160 140 660...
whats is the income statement and statement of retained
earnings?
Chapter 3 Assignment i Saved 7 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company 1 points eBook Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals Debit Credit $ 8,400 16,500 2,000 196,000 $ 40, 376 75,000 12,400...
Prepare an Income Statement and a statement of Retained Earnings
sheet. Also, calculate profit margin and payout ratio.
XYZ Company Adjusted Trial Balance Debit Credit Cash 9,800 Accounts receivable 5,250 5,300 Supplies Prepaid Advertising 3,000 Trucks 30,300 $ 10,000 Accumulated depreciation – Trucks Equipment 7,600 Accumulated depreciation – Equipment 2,100 Accounts payable 1,200 Unearned service fees 6,700 Common Stock 10,000 Retained earnings 16,050 Dividends 12,000 Service fees earned 90,000 Wages expense 29,800 Rent expense 10,200 Insurance expense 4,900 Supplies expense...
Prepare an income statement and a retained earnings statement
for the 2 months ended December 31, 2017, The note payable has a
stated interest rate of 6%, and the principal and interest are due
on November 16, 2019.
RUUSU 11al Dalal December 31, 2017 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment NT$1,180 875 350 1,210 1,200 NT$ 40 Accounts Payable Salaries and Wages Payable Unearned Service Revenue Notes Payable 300 2,000 Interest Payable 15 800...
Prepare Debit Company's income statement and statement of
retained earnings for the year ended December 31, 20X7
Income Statement Revenue Expenses Total Expenses Net Income Statement of Retained Earnings Beginning Retained Earnings Net Income Less: Dividends Ending Retained Earnings Debit Company Adjusted Trial Balance December 31, 20X7 $4,000 2,000 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock...
Prepare a Trial Balance, Multi Step Income
Statement, Retained Earnings Statement, and Classified Balance
Sheet
the
values needed are all the way on the left in the photo. i started
the trial balance (the green chart) but could not get both sides to
equal.
ACCT 251 EXCEL ASSIGNMENT - PREPARING FINANCIAL STATEMENTS IN EXCEL (see instructions tab for detailed instructions) Prepare a multi-step income statement: Prepare a retained earnings statement: Prepare a classified balance sheet: 1,001,360 101,360 591,680 Service Revenue...
Prepare the Statement of Retained Earnings from the Adjusted
Trial Balance and Income Statement. Within each section of the
statement, use the drop-down menus to enter the accounts in Chart
of Accounts order and select the account balances.
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. SMART TOUCH LEARNING SMART...
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