Homework Answers
| HOME REALTY INCORPORATED | |
| INCOME STATEMENT | |
| Revenues | |
| Sales revenue | $ 241000 |
| Total Revenues | 241000 |
| Expenses | |
| Salaries and wages | 112000 |
| advertising expenses | 9775 |
| Interest expenses | 7800 |
| Income tax expense | 20000 |
| Total expenses | 149575 |
| Net Income | 91425 |
dividend paid to owners are not shown in income statement.
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Chec Home Realty, Incorporated, has been operating for three years and is owned by three investors....
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J....
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue. $221,000; salaries and wages expense, $108,000: interest expense, $7.400; advertising expenses, $9,575; and income tax expense $18.600. Also during the year, the company de clared and paid the owners dividends...
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J....
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9.000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $221,000; salaries and wages expense, $108,000: interest expense, $7.400: advertising expenses, $9,575; and income tax expense, $19.600. Also during the year, the company declared and paid the owners dividends amounting...
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J....
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $166,000; salaries and wages expense, $97,000; interest expense, $6,300; advertising expenses, $9,025; and income tax expense, $18,500. Also during the year, the company declared and paid the owners dividends amounting...
Saved Home Realty, Incorporated, has been operating for three years and is owned by three investors....
Saved Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the 13,500 total outstanding shares and is the managing executive in charge. On December 31, 2017, the following financial items for the entire year were determined: sales revenue, $350,000, seling expenses. $203.000, interest expense, 516,000, promotion and advertising expenses, 59150 and income tax expense, $42,650. Also during the year, the company declared and paid the owners dividends amounting...
Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors. S....
Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors. S. Bhojraj owns 60 percent of the total outstanding stock of 9,020 shares and is the managing executive in charge. On December 31, current year, the following financial items for the entire year were determined: commissions earned and collected in cash, $151,200, plus $16,600 uncollected; rental service fees earned and collected, $21,700; salaries expense paid, $62,340; commissions expense paid, $35,280; payroll taxes paid, $1,500; rent...
1. Home Realty, Incorporated, has been operating for three years and is owned by three investors....
1. Home Realty, Incorporated, has been operating for three years
and is owned by three investors. J. Doe owns 60 percent of the
total outstanding stock of 9,000 shares and is the managing
executive in charge. On December 31, the following financial items
for the entire year were determined: sales revenue, $186,000;
salaries and wages expense, $101,000; interest expense, $6,700;
advertising expenses, $9,225; and income tax expense, $18,900. Also
during the year, the company declared and paid the owners dividends...
each box has its own drop box will options that are not clear to me. Home...
each box has its own drop box will options that are not clear to
me.
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the entire year were determined: sales revenue, $191,000, salaries and wages expense, $102,000, interest expense, S6,800, advertising expenses. $9,275, and income tax expense, $19,000. Also during the...
Chapter 1 Static E Help Save&ExitSubmit 9 three investors. J. Doe owns 60 percent of the...
Chapter 1 Static E Help Save&ExitSubmit 9 three investors. J. Doe owns 60 percent of the total xpense, $97000; interest expense, $6,300; advertising stock of 9,000 shares and is the managing executive in charge. On r 31, the following entire year were determined: s 2.77 points expenses, $9.025n amounting to $12,000 ncome tax expense, $t8.500. Also during the year,the company declared and paid the owners dividends statement. Print Prev 90t 36 Ill Next > Chapter 1 Static Exercises 6 10...
Injection Plastics Company has been operating for three years. At December 31, 2017, the accounting records...
Injection Plastics Company has been operating for three years. At December 31, 2017, the accounting records reflected the following: $ Cash Investments (short-term) Accounts receivable Inventories Notes receivable (long-term) Equipment Factory building $ 21,000 Intangibles 2.000 Accounts payable 3,000 Accrued liabilities 24,000 Short-term borrowings 1,000 Notes payable (long-term) 48.000 Contributed capital 90,000 Retained earnings 3,000 15,000 2,000 7,000 48,000 90.000 30,000 During the year 2018, the following summarized transactions were completed: a. Purchased equipment that cost $18,000; paid $6,000 cash...
The following information applies to the questions displayed below) Stacey's Plano Rebuilding Company has been operating...
The following information applies to the questions displayed below) Stacey's Plano Rebuilding Company has been operating for one year. Al the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,600 30,800 1530 10.300 8,000 26,500 Accounts payable Uneamed revenue Note payable long term Common stock Retained earnings Additional paid in capital $ 9.000 3,640 47200 1580 15.900 6,320 a....
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue. $221,000; salaries and wages expense, $108,000: interest expense, $7.400; advertising expenses, $9,575; and income tax expense $18.600. Also during the year, the company de clared and paid the owners dividends...
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9.000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $221,000; salaries and wages expense, $108,000: interest expense, $7.400: advertising expenses, $9,575; and income tax expense, $19.600. Also during the year, the company declared and paid the owners dividends amounting...
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $166,000; salaries and wages expense, $97,000; interest expense, $6,300; advertising expenses, $9,025; and income tax expense, $18,500. Also during the year, the company declared and paid the owners dividends amounting...
Saved Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the 13,500 total outstanding shares and is the managing executive in charge. On December 31, 2017, the following financial items for the entire year were determined: sales revenue, $350,000, seling expenses. $203.000, interest expense, 516,000, promotion and advertising expenses, 59150 and income tax expense, $42,650. Also during the year, the company declared and paid the owners dividends amounting...
Neighborhood Realty, Incorporated, has been operating for three years and is owned by three investors. S. Bhojraj owns 60 percent of the total outstanding stock of 9,020 shares and is the managing executive in charge. On December 31, current year, the following financial items for the entire year were determined: commissions earned and collected in cash, $151,200, plus $16,600 uncollected; rental service fees earned and collected, $21,700; salaries expense paid, $62,340; commissions expense paid, $35,280; payroll taxes paid, $1,500; rent...
1. Home Realty, Incorporated, has been operating for three years
and is owned by three investors. J. Doe owns 60 percent of the
total outstanding stock of 9,000 shares and is the managing
executive in charge. On December 31, the following financial items
for the entire year were determined: sales revenue, $186,000;
salaries and wages expense, $101,000; interest expense, $6,700;
advertising expenses, $9,225; and income tax expense, $18,900. Also
during the year, the company declared and paid the owners dividends...
each box has its own drop box will options that are not clear to
me.
Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the entire year were determined: sales revenue, $191,000, salaries and wages expense, $102,000, interest expense, S6,800, advertising expenses. $9,275, and income tax expense, $19,000. Also during the...
Chapter 1 Static E Help Save&ExitSubmit 9 three investors. J. Doe owns 60 percent of the total xpense, $97000; interest expense, $6,300; advertising stock of 9,000 shares and is the managing executive in charge. On r 31, the following entire year were determined: s 2.77 points expenses, $9.025n amounting to $12,000 ncome tax expense, $t8.500. Also during the year,the company declared and paid the owners dividends statement. Print Prev 90t 36 Ill Next > Chapter 1 Static Exercises 6 10...
Injection Plastics Company has been operating for three years. At December 31, 2017, the accounting records reflected the following: $ Cash Investments (short-term) Accounts receivable Inventories Notes receivable (long-term) Equipment Factory building $ 21,000 Intangibles 2.000 Accounts payable 3,000 Accrued liabilities 24,000 Short-term borrowings 1,000 Notes payable (long-term) 48.000 Contributed capital 90,000 Retained earnings 3,000 15,000 2,000 7,000 48,000 90.000 30,000 During the year 2018, the following summarized transactions were completed: a. Purchased equipment that cost $18,000; paid $6,000 cash...
The following information applies to the questions displayed below) Stacey's Plano Rebuilding Company has been operating for one year. Al the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,600 30,800 1530 10.300 8,000 26,500 Accounts payable Uneamed revenue Note payable long term Common stock Retained earnings Additional paid in capital $ 9.000 3,640 47200 1580 15.900 6,320 a....
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