Homework Answers
|
WINNERS INCOME STATEMENT FOR THE YEAR ENDED DECEMBER31 2017 |
|||
| Revenue | % | ||
| Delivery fees earned | 855000 | 100 | |
| Expenses | |||
| Advertising expense | 6300 | .74% | |
| Depreciation expense -Building | 8333 | .97 % | |
| Depreciation expense -vehicle | 5750 | .67 % | |
| Insurance expense | 22000 | 2.57% | |
| Interest expense | 25000 | 2.92% | |
| Rental vehicle expense | 500 | .06% | |
| Supplies expense | 5500 | .64% | |
| Utilities expense | 6000 | .70% | |
| Wage expense | 89500 | 10.47% | |
| Total expense | 168883 | 19.75% | |
| Net income /(loss) | 686117 | 80.25% | |
#
Under common size income statement ,each line item is represented as a percentage of total net revenue .
Formula :Each line item /Revenue
Say for example :
Advertising expense % = 6300/855000 = .74%
Add Answer to:
Winners Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00...
Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00 10,000.00...
Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00 10,000.00 855,000.00 8,333.00 5,750.00 128,000.00 Accounts Receivable Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation-Vehicles Advertising Expense Buildings Cash--Checking Cash-Savings Delivery Fees Earned Depreciation Expense-Building Depreciation Expense-Vehicles H. Jackson, Capital H. Jackson, Withdrawals Insurance Expense Insurance Payable Intangible Assets Interest Expense Land Loan Payable Note Payable Prepaid Insurance Prepaid Mortgage Rental Vehicle Expense Short-term Investments Supplies Expense Supplies Inventory Utilities Expense 15,000.00 22,000.00 11,400.00 175,000.00 25,000.00 125,000.00...
Winners Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00...
Winners Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00 10,000.00 855,000.00 8,333.00 5,750.00 128,000.00 Accounts Receivable Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation Vehicles Advertising Expense Buildings Cash--Checking Cash-Savings Delivery Fees Earned Depreciation Expense-Building Depreciation Expense-Vehicles H. Jackson, Capital H. Jackson, Withdrawals Insurance Expense Insurance Payable Intangible Assets Interest Expense Land Loan Payable Note Payable Prepaid Insurance Prepaid Mortgage Rental Vehicle Expense Short-term Investments Supplies Expense Supplies Inventory Utilities Expense 15,000.00 22,000.00 11,400.00 175,000.00...
Snow Lake Resort presents its un-adjusted trial balance below. Snow Lake Resort Trial Balance December 31,...
Snow Lake Resort presents its un-adjusted trial balance below. Snow Lake Resort Trial Balance December 31, 2018 Debit Credit Cash $ 21,000.00 Accounts Receivable $ 16,000.00 Allowance for Doubtful Accounts $ 3,000.00 Inventory $ 23,000.00 Prepaid Insurance $ 8,000.00 Equipment $ 23,000.00 Accumulated Depreciation - Equipment $ 11,000.00 Cars $ 45,000.00 Accumulated Depreciation - Cars $ 24,000.00 Building $ 225,000.00 Accumulated Depreciation - Building $ 175,000.00 Accounts Payable $ 9,000.00 Notes Payable $ 5,000.00 Common Stock $ 60,000.00 Retained Earnings...
Adjusted Trial Balance December 31, 2017 TYBALT CONSTRUCTION Balance Sheet December 31. 2017 Account Title Debit...
Adjusted Trial Balance December 31, 2017 TYBALT CONSTRUCTION Balance Sheet December 31. 2017 Account Title Debit Credit No 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 401 Professional fees earned 406 Rent earned 407...
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit...
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total
Centre Construction Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 59.400 $...
Centre Construction Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 59.400 $ 27,000 $ 405,000 $ 129,600 $ 850,000 $ 180,900 $ 400,000 $ 121,500 $ 25,000 $ 230,000 $ 875,000 $ 43,200 $ 108,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit Debit $...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit Debit $ 5,000 23,000 8,100 7, eee 40,000 $ 20,eee 150, eee 50,000 55, see TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...
Stream Time Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 39,000 $...
Stream Time Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 39,000 $ 23,500 $ 67,000 $ 89,000 $315,700 $ 88,000 $ 526,000 $ 31,600 $ 11,000 $ 112,000 $ 312,200 $ 9,000 $ 20,300 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue...
Sigma Consulting Group Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 22,000 $...
Sigma Consulting Group Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 22,000 $ 12,000 $ 223,000 $ 20,000 $ 325,000 $ 39,000 $ 300,000 $ 20,000 $ 3,000 $ 175,000 $ 295,000 $ 3,200 $ 39,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
Greenport Island Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 23,000 $...
Greenport Island Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 23,000 $ 10,000 $ 156,000 $ 50,000 $ 520,000 $ 69,700 $ 420,000 $ 47,000 $ 16,000 $ 195,000 $ 421,200 $ 18.000 $ 41,600 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00 10,000.00 855,000.00 8,333.00 5,750.00 128,000.00 Accounts Receivable Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation-Vehicles Advertising Expense Buildings Cash--Checking Cash-Savings Delivery Fees Earned Depreciation Expense-Building Depreciation Expense-Vehicles H. Jackson, Capital H. Jackson, Withdrawals Insurance Expense Insurance Payable Intangible Assets Interest Expense Land Loan Payable Note Payable Prepaid Insurance Prepaid Mortgage Rental Vehicle Expense Short-term Investments Supplies Expense Supplies Inventory Utilities Expense 15,000.00 22,000.00 11,400.00 175,000.00 25,000.00 125,000.00...
Winners Adjusted Trial Balance December 31, 2017 Debit Credit 100,000.00 54,000.00 125,000.00 23,000.00 6,300.00 1,200,000.00 150.00 10,000.00 855,000.00 8,333.00 5,750.00 128,000.00 Accounts Receivable Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation Vehicles Advertising Expense Buildings Cash--Checking Cash-Savings Delivery Fees Earned Depreciation Expense-Building Depreciation Expense-Vehicles H. Jackson, Capital H. Jackson, Withdrawals Insurance Expense Insurance Payable Intangible Assets Interest Expense Land Loan Payable Note Payable Prepaid Insurance Prepaid Mortgage Rental Vehicle Expense Short-term Investments Supplies Expense Supplies Inventory Utilities Expense 15,000.00 22,000.00 11,400.00 175,000.00...
Snow Lake Resort presents its un-adjusted trial balance below. Snow Lake Resort Trial Balance December 31, 2018 Debit Credit Cash $ 21,000.00 Accounts Receivable $ 16,000.00 Allowance for Doubtful Accounts $ 3,000.00 Inventory $ 23,000.00 Prepaid Insurance $ 8,000.00 Equipment $ 23,000.00 Accumulated Depreciation - Equipment $ 11,000.00 Cars $ 45,000.00 Accumulated Depreciation - Cars $ 24,000.00 Building $ 225,000.00 Accumulated Depreciation - Building $ 175,000.00 Accounts Payable $ 9,000.00 Notes Payable $ 5,000.00 Common Stock $ 60,000.00 Retained Earnings...
Adjusted Trial Balance December 31, 2017 TYBALT CONSTRUCTION Balance Sheet December 31. 2017 Account Title Debit Credit No 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 401 Professional fees earned 406 Rent earned 407...
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total
Centre Construction Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 59.400 $ 27,000 $ 405,000 $ 129,600 $ 850,000 $ 180,900 $ 400,000 $ 121,500 $ 25,000 $ 230,000 $ 875,000 $ 43,200 $ 108,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit Debit $ 5,000 23,000 8,100 7, eee 40,000 $ 20,eee 150, eee 50,000 55, see TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...
Stream Time Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 39,000 $ 23,500 $ 67,000 $ 89,000 $315,700 $ 88,000 $ 526,000 $ 31,600 $ 11,000 $ 112,000 $ 312,200 $ 9,000 $ 20,300 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue...
Sigma Consulting Group Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 22,000 $ 12,000 $ 223,000 $ 20,000 $ 325,000 $ 39,000 $ 300,000 $ 20,000 $ 3,000 $ 175,000 $ 295,000 $ 3,200 $ 39,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
Greenport Island Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 23,000 $ 10,000 $ 156,000 $ 50,000 $ 520,000 $ 69,700 $ 420,000 $ 47,000 $ 16,000 $ 195,000 $ 421,200 $ 18.000 $ 41,600 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
Most questions answered within 3 hours.
-
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 39 minutes ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 31 minutes ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 54 minutes ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 1 hour ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 1 hour ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 2 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 3 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 2 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 3 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 3 hours ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 4 hours ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 4 hours ago