Homework Answers
Solution
| (B) Balance sheet or (I) Income statement | |
| Equipment | (B) Balance sheet |
| Fees earned | (I) Income statement |
| Retained earnings | (B) Balance sheet |
| Wage expense | (I) Income statement |
| Patent | (B) Balance sheet |
| Cost of goods sold | (I) Income statement |
| Common stock | (B) Balance sheet |
| Dividends payable | (B) Balance sheet |
| Accumulated depreciation | (B) Balance sheet |
| Prepaid expense | (B) Balance sheet |
| Gain on sale of Short term investment | (I) Income statement |
| Rent revenue | (I) Income statement |
| Supplies Inventory | (B) Balance sheet |
| Accounts Receivable | (B) Balance sheet |
| Land | (B) Balance sheet |
| Insurance Expense | (I) Income statement |
| Interest payable | (B) Balance sheet |
| Deferred (unearned) Revenue | (B) Balance sheet |
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Balance Sheet (B) or Income Statement (I) a. Equipment b. Fees Earned c. Retained Earnings d....
Need help setting up Adjusted balance, Unadjusted balance, trial balance, Income statement, balance sheet, retained earnings,...
Need help setting up Adjusted balance, Unadjusted balance,
trial balance, Income statement, balance sheet, retained earnings,
and closing entries.
Guadalupe Rios demonstrated entrepreneurial spirit by starting a graphic design business called G's Designs. Based on an excellent business plan, Guadalupe was able to raise sufficient capital to begin operations on 1 July 2019. Guadalupe must now close the books at 31 December and prepare financial statements, 4 6 8 Item Adjusting entries needed 1 The balance in the Prepaid Insurance...
Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet using the following information. Credit...
Prepare an Income Statement, Statement of Retained Earnings, and
Balance Sheet using the following information.
Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000 4,000 2,500 3,800 60,000 32,000 29,500 21,000 Accounts Payable Accounts Receviable Rent Expense Unearned Revenue Depreciation Expense Prepaid Insurance Supplies Expense Equipment Accumulated Depreciation - Equipment Cost of Goods Sold Merchandise Inventory Notes Payable Salary Payable Buildings Interest Payable Sales Revenue Interest Expense Supplies Accumulated Depreciation - Buildings Prepaid Insurance Common Stock Retained Earnings Dividends...
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...
i need to make a income statement, statement of stockholders equity, and a balance sheet, in...
i need to make a income statement, statement of stockholders
equity, and a balance sheet, in a good form
To check your journal entries and postings, here is the trial balance as of November 31, 2014 APPLE REALTY Trial Balance November 30, 2014 Cash... Accounts Receivable..... Prepaid Insurance ...... Office Supplies Land... Accounts Payable.......... Unearned Rent.. Notes Payable ... ....... Common Stock ..................... Retained Earnings. Dividends Fees Earned .... ......... . . Salary and Commission Expense....... Rent Expense..... ..... Advertising...
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, statement of retained earnings, and balance sheet. Sharon Silver, Registered Dietician July...
prepare an income statement, statement of retained earnings,
and balance sheet.
Sharon Silver, Registered Dietician July 31, 2017 Account Titles Balance Dividends $2,300 Unearned Revenues $1,500 Utilities Expense $150 Cash $36,200 Office Supplies $1,800 Rent Expense $500 Accounts Receivable $9,100 Accounts Payable h# $3,300 Retained Earnings (Beginning Balance) $0 Salaries Expense $1,700 Prepaid Insurance $2,000 Equipment $13,000 Notes Payable $30,000 Common Stock $23,150 Service Revenue $8,800
Credit Gain on Sale of an Asset Common Stock Retained Earnings Credit Credit Land Debit Notes...
Credit Gain on Sale of an Asset Common Stock Retained Earnings Credit Credit Land Debit Notes Payable Credit Fees Earned Credit Equipment Debit Sales Credit Accounts Receivable Debit Auto Expense Debit Rent Expense Debit Supplies Debit Cash Debit Accounts Payable Credit Service Revenue Credit Accumulated Depreciation-Equipment Credit Cash Dividends Debit Type here to search Paid in Capital in Excess of Par Credit Bonds Payable Credit Credit Unearned Revenue Salary Expense Debit Identify which financial statement each one of these accounts...
Assignment: Prepare in proper form: The Balance Sheet The Statement of Retained Earnings The Income...
Assignment: Prepare in proper form:
The Balance Sheet
The Statement of Retained Earnings
The Income Statement
Calculate the Current Ratio
Calculate Working Capital
Carlson & Chan Sports Mgt Incorporated Trial Balance July 31, 2020 Debit Credit $ 345,567 56,788 12,500 2,250 2,000 345,670 $ 35,400 1,450,000 245,000 345,050 179,748 105 120 130 140 145 170 171 175 176 190 195 210 215 230 270 310 320 320 405 505 510 520 530 545 550 560 565 570 575 Cash...
Prepare an income statement and a retained earnings sheet ONLY Ironside security services end of period...
Prepare an income statement and a retained earnings sheet ONLY Ironside security services end of period spread sheet for the year ended april30,2014 cash 18000 accounts receivable 37,200 supplies 7500 prepaid insurance 4,800 building 240,500 accumulated depreciation-building 55,200 accounts payable. 6,000 salaries payable. 1,500 unearned rent. 3,000 capital stock. 35,000 retained earnings. 144,300 dividends 10000 service fees. 480,000 rent revenue. 25,000 salaries expense 336,000 rent expense.62,500 supplies expense 12,000 depreciation expense-building 6,000 utilities expense 4,400 repairs expense 3,200 insurance expense...
Balance Sheet, Income Statement, and Statement of Retained earnings * 100% Files 3:37 PM Sun Feb...
Balance Sheet, Income Statement, and Statement of Retained
earnings
* 100% Files 3:37 PM Sun Feb 16 Sandifer's Trial balance Home Insert Draw Formulas Data Calibri (Body) 11 BLUE A Review R View A O Sandifer's Accounting Service, Inc. Trial Balance For the year ended 12/31/19 Debit Credit $ 156,500 116,650 $ 51,250 2.950 1,700 260,000 125,000 111,500 167,000 24,000 5,650 & Cash 9 Accounts Recieveable 10 Allowance for Doubtful Accounts 11 Supplies 12 Prepaid insurance 13 Building 14 Equipment...
Need help setting up Adjusted balance, Unadjusted balance,
trial balance, Income statement, balance sheet, retained earnings,
and closing entries.
Guadalupe Rios demonstrated entrepreneurial spirit by starting a graphic design business called G's Designs. Based on an excellent business plan, Guadalupe was able to raise sufficient capital to begin operations on 1 July 2019. Guadalupe must now close the books at 31 December and prepare financial statements, 4 6 8 Item Adjusting entries needed 1 The balance in the Prepaid Insurance...
Prepare an Income Statement, Statement of Retained Earnings, and
Balance Sheet using the following information.
Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000 4,000 2,500 3,800 60,000 32,000 29,500 21,000 Accounts Payable Accounts Receviable Rent Expense Unearned Revenue Depreciation Expense Prepaid Insurance Supplies Expense Equipment Accumulated Depreciation - Equipment Cost of Goods Sold Merchandise Inventory Notes Payable Salary Payable Buildings Interest Payable Sales Revenue Interest Expense Supplies Accumulated Depreciation - Buildings Prepaid Insurance Common Stock Retained Earnings Dividends...
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...
i need to make a income statement, statement of stockholders
equity, and a balance sheet, in a good form
To check your journal entries and postings, here is the trial balance as of November 31, 2014 APPLE REALTY Trial Balance November 30, 2014 Cash... Accounts Receivable..... Prepaid Insurance ...... Office Supplies Land... Accounts Payable.......... Unearned Rent.. Notes Payable ... ....... Common Stock ..................... Retained Earnings. Dividends Fees Earned .... ......... . . Salary and Commission Expense....... Rent Expense..... ..... Advertising...
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, statement of retained earnings,
and balance sheet.
Sharon Silver, Registered Dietician July 31, 2017 Account Titles Balance Dividends $2,300 Unearned Revenues $1,500 Utilities Expense $150 Cash $36,200 Office Supplies $1,800 Rent Expense $500 Accounts Receivable $9,100 Accounts Payable h# $3,300 Retained Earnings (Beginning Balance) $0 Salaries Expense $1,700 Prepaid Insurance $2,000 Equipment $13,000 Notes Payable $30,000 Common Stock $23,150 Service Revenue $8,800
Credit Gain on Sale of an Asset Common Stock Retained Earnings Credit Credit Land Debit Notes Payable Credit Fees Earned Credit Equipment Debit Sales Credit Accounts Receivable Debit Auto Expense Debit Rent Expense Debit Supplies Debit Cash Debit Accounts Payable Credit Service Revenue Credit Accumulated Depreciation-Equipment Credit Cash Dividends Debit Type here to search Paid in Capital in Excess of Par Credit Bonds Payable Credit Credit Unearned Revenue Salary Expense Debit Identify which financial statement each one of these accounts...
Assignment: Prepare in proper form:
The Balance Sheet
The Statement of Retained Earnings
The Income Statement
Calculate the Current Ratio
Calculate Working Capital
Carlson & Chan Sports Mgt Incorporated Trial Balance July 31, 2020 Debit Credit $ 345,567 56,788 12,500 2,250 2,000 345,670 $ 35,400 1,450,000 245,000 345,050 179,748 105 120 130 140 145 170 171 175 176 190 195 210 215 230 270 310 320 320 405 505 510 520 530 545 550 560 565 570 575 Cash...
Balance Sheet, Income Statement, and Statement of Retained
earnings
* 100% Files 3:37 PM Sun Feb 16 Sandifer's Trial balance Home Insert Draw Formulas Data Calibri (Body) 11 BLUE A Review R View A O Sandifer's Accounting Service, Inc. Trial Balance For the year ended 12/31/19 Debit Credit $ 156,500 116,650 $ 51,250 2.950 1,700 260,000 125,000 111,500 167,000 24,000 5,650 & Cash 9 Accounts Recieveable 10 Allowance for Doubtful Accounts 11 Supplies 12 Prepaid insurance 13 Building 14 Equipment...
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