Homework Answers
| Income statement | |||||
| Ticket revenue | 370000 | ||||
| Less:- Expenses | |||||
| Maintenance and repairs exp. | 89000 | ||||
| Property Tax exp. | 11000 | ||||
| Salaries and wages exp. | 150000 | ||||
| Advertising exp. | 5500 | ||||
| Total Expenses | 255500 | ||||
| Net income | 114500 | ||||
| Note :- | |||||
| An expert answerer is required to answer only one independent question in a single post. | |||||
| If there are MCQs, then he/she is required to answer 4. | |||||
| So,please post other questions separately. | |||||
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Accounting for managers -ACC 1003 Topic 5- Financial Statements Class Exercises E1-15B Presented below is financial...
P1-3C On June 1, Laurie Shaw started Fancy Cosmetics Co., a company that provides individual skin...
P1-3C On June 1, Laurie Shaw started Fancy Cosmetics Co., a company that provides individual skin care treatment, by investing $26,200 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June. Cash $11,000 Notes Payable $13,000 Accounts Receivable 4,000 Accounts Payable 1,200 Service Revenue 6,000 Supplies Expense 1,600 Supplies 2,000 Gasoline Expense 800 Advertising Expense 500 Utilities Expense 300 Equipment 25,000 Laurie Shaw made...
P1-38 on May 1, R.C. Twining started RC Flying School, a company that provides flying lessons,...
P1-38 on May 1, R.C. Twining started RC Flying School, a company that provides flying lessons, by Investing $40,000 cash in the business. Following are the assets and liabilities of the company on May 31, 2017, and the revenues and expenses for the month of May. Cash $3,400 Advertising Expense $ 600 Accounts Receivable 4,900 Rent Expense 1,200 Equipment 64,000 Maintenance and Repairs Expense 400 Notes Payable 30,000 Gasoline Expense 2,500 Accounts Payable 800 Utilities Expense 400 Service Revenue 8,100...
pls solve exercise 31,32,and 33 this is all i have Accounting an E1-31 Preparing the income...
pls solve exercise 31,32,and 33
this is all i have
Accounting an E1-31 Preparing the income statement Requirements 1. Prepare the income statement for Wilson Towing Service for the month ending! June 30, 2018 2. What does the income statement report? E1-32 Preparing the statement of owner's equity Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month ending June 30, 2018. Assume Wilson contributed $11,000 during June. 2. What does the statement of owner's...
On June 1, Kimberly Young started Crane Designs Co., a company that provides craft opportunities, by...
On June 1, Kimberly Young started Crane Designs Co., a company
that provides craft opportunities, by investing $13,850 cash in the
business. Following are the assets and liabilities of the company
at June 30 and the revenues and expenses for the month of
June.
Current Attempt in Progress On June 1, Kimberly Young started Crane Designs Co., a company that provides craft opportunities, by investing $13.850 cash in the business. Following are the assets and liabilities of the company at...
E1-32 Learning Objective 5 E1-32 Preparing the statement of owner's equity Requirements 1. Prepare the statement...
E1-32
Learning Objective 5 E1-32 Preparing the statement of owner's equity Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month Ending Capital $22,450 ending June 30, 2018. Assume Wilson contributed $11,000 during June. 2. What does the statement of owner's equity report? E1-33 Preparing the balance sheet Learning Objective5 Requirements 1. Prepare the balance sheet for Wilson Towing Service as of June 30, 2018. 2. What does the balance sheet report? Total Assets $37,250...
Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30,...
Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $40,140 at May 1, 2018, the beginning of the year, and the owner withdrew $21,300 during the year. Accounts payable $13,890 Accounts receivable Cash Fees earned 74,370 150,130 528,100 4,100 68,390 Miscellaneous expense Rent expense Supplies 6,470 Supplies expense 10,940...
E1-10 E1-11 E1-12 E1-13 E1 Accounting equation and income statement Staples, Inc. ) islading of the...
E1-10
E1-11
E1-12
E1-13
E1 Accounting equation and income statement Staples, Inc. ) islading of the p a Canada Asia and South A The werede ancial stat e s h en data 510 Totales 5.00 SOS Cost of goods sold Operating expenses Otherine 5.518 D in the missing data indicated for Using the income data for and an determine the E1-10 Balance sheet items From the following list of selected hems taken from the records of p op Sandals Incas...
Question of E1 -32 ilson Towing Service for the month ending 1. Prepare the incon June...
Question of E1 -32
ilson Towing Service for the month ending 1. Prepare the incon June 30, 2018. 2. What does the income starement report? E1-32 Preparing the statement of owner's equity Learning Objective 5 Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month Ending Capital $22,450 ending June 30, 2018. Assume Wilson contributed $11,000 during June. What does the statement of owner's equity report? ive 5 Use the following information to answer Exercises...
Problem 2 Angelic Cosmeties Co. Ltd. A company that provides individual skin care treatment, was started...
Problem 2 Angelic Cosmeties Co. Ltd. A company that provides individual skin care treatment, was started on June 1, 2017, with an investment of 25,000 cash. Following are the assets and liabilities of the company on June 30 and the revenues and expenses for the month of June: Cash Accounts Receivable $4,000 Service Revenue $5,500 Supplies Advertising Expense $500 Equipment Shareholders made no additional investments in June. The company paid a cash dividend of $900 during the month. In addition...
The accounts in the ledger of Steve's Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Steve's Delivery Service contain the following balances on July 31, 2017, Accounts Receivable$11,400 Prepaid Insurance $ 2,300 Accounts Payable 7,400 Maintenance/Repairs Expense 1,400 25,500 800 Cash 17,940 Service Revenue Equipment 59,360 Supplies expense 900 Supplies Gasoline Expense Insurance Expense600 Salaries and Wages Expense 6,400 Notes Payable, due 3,800 31,450 Salaries and Wages Payable 900 12/31/18 Unearned revenue 8,650 Steve Smith, Capital 7/1/17 31,000 Instructions Prepare an income statement, a statement of owner's equity, and...
P1-3C On June 1, Laurie Shaw started Fancy Cosmetics Co., a company that provides individual skin care treatment, by investing $26,200 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June. Cash $11,000 Notes Payable $13,000 Accounts Receivable 4,000 Accounts Payable 1,200 Service Revenue 6,000 Supplies Expense 1,600 Supplies 2,000 Gasoline Expense 800 Advertising Expense 500 Utilities Expense 300 Equipment 25,000 Laurie Shaw made...
P1-38 on May 1, R.C. Twining started RC Flying School, a company that provides flying lessons, by Investing $40,000 cash in the business. Following are the assets and liabilities of the company on May 31, 2017, and the revenues and expenses for the month of May. Cash $3,400 Advertising Expense $ 600 Accounts Receivable 4,900 Rent Expense 1,200 Equipment 64,000 Maintenance and Repairs Expense 400 Notes Payable 30,000 Gasoline Expense 2,500 Accounts Payable 800 Utilities Expense 400 Service Revenue 8,100...
pls solve exercise 31,32,and 33
this is all i have
Accounting an E1-31 Preparing the income statement Requirements 1. Prepare the income statement for Wilson Towing Service for the month ending! June 30, 2018 2. What does the income statement report? E1-32 Preparing the statement of owner's equity Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month ending June 30, 2018. Assume Wilson contributed $11,000 during June. 2. What does the statement of owner's...
On June 1, Kimberly Young started Crane Designs Co., a company
that provides craft opportunities, by investing $13,850 cash in the
business. Following are the assets and liabilities of the company
at June 30 and the revenues and expenses for the month of
June.
Current Attempt in Progress On June 1, Kimberly Young started Crane Designs Co., a company that provides craft opportunities, by investing $13.850 cash in the business. Following are the assets and liabilities of the company at...
E1-32
Learning Objective 5 E1-32 Preparing the statement of owner's equity Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month Ending Capital $22,450 ending June 30, 2018. Assume Wilson contributed $11,000 during June. 2. What does the statement of owner's equity report? E1-33 Preparing the balance sheet Learning Objective5 Requirements 1. Prepare the balance sheet for Wilson Towing Service as of June 30, 2018. 2. What does the balance sheet report? Total Assets $37,250...
Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $40,140 at May 1, 2018, the beginning of the year, and the owner withdrew $21,300 during the year. Accounts payable $13,890 Accounts receivable Cash Fees earned 74,370 150,130 528,100 4,100 68,390 Miscellaneous expense Rent expense Supplies 6,470 Supplies expense 10,940...
E1-10
E1-11
E1-12
E1-13
E1 Accounting equation and income statement Staples, Inc. ) islading of the p a Canada Asia and South A The werede ancial stat e s h en data 510 Totales 5.00 SOS Cost of goods sold Operating expenses Otherine 5.518 D in the missing data indicated for Using the income data for and an determine the E1-10 Balance sheet items From the following list of selected hems taken from the records of p op Sandals Incas...
Question of E1 -32
ilson Towing Service for the month ending 1. Prepare the incon June 30, 2018. 2. What does the income starement report? E1-32 Preparing the statement of owner's equity Learning Objective 5 Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month Ending Capital $22,450 ending June 30, 2018. Assume Wilson contributed $11,000 during June. What does the statement of owner's equity report? ive 5 Use the following information to answer Exercises...
Problem 2 Angelic Cosmeties Co. Ltd. A company that provides individual skin care treatment, was started on June 1, 2017, with an investment of 25,000 cash. Following are the assets and liabilities of the company on June 30 and the revenues and expenses for the month of June: Cash Accounts Receivable $4,000 Service Revenue $5,500 Supplies Advertising Expense $500 Equipment Shareholders made no additional investments in June. The company paid a cash dividend of $900 during the month. In addition...
The accounts in the ledger of Steve's Delivery Service contain the following balances on July 31, 2017, Accounts Receivable$11,400 Prepaid Insurance $ 2,300 Accounts Payable 7,400 Maintenance/Repairs Expense 1,400 25,500 800 Cash 17,940 Service Revenue Equipment 59,360 Supplies expense 900 Supplies Gasoline Expense Insurance Expense600 Salaries and Wages Expense 6,400 Notes Payable, due 3,800 31,450 Salaries and Wages Payable 900 12/31/18 Unearned revenue 8,650 Steve Smith, Capital 7/1/17 31,000 Instructions Prepare an income statement, a statement of owner's equity, and...
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