Income statement | |||||||
Revenue | |||||||
Service revenue | 34,380 | ||||||
expenses | |||||||
Advertising expense | 4,490 | ||||||
Rent expense | 14,690 | ||||||
Supplies expense | 1,210 | ||||||
total expense | 20,390 | ||||||
Net operating income | 13,990 | ||||||
(figures are bit blurry,make changes if required) | |||||||
Do It! Review 1-3 (Part Level Submission) Marsh Corporation began operations on January 1, 2014. The...
Do It! Review 1-3 (Part Level Submission) Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014. 16,380 14,690 Accounts payable Accounts receivable Advertising expense Cash Common stock Dividends Equipment 9,690 Notes payable 6,690 Rent expense 4,490 7,790 19,690 7,190 31,490 Retained earnings Service revenue Supplies Supplies expense 34,380 6,590 1,210 Prepare a balance sheet for Marsh Corporation. (List assets in order of liquidity. MARSH CORPORATION Balance Sheet December 31,...
Do It! Review 1-3 (Part Level Submission) Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014 56.380 Comman ock 9690 Suppes 8990 Equpment 1490 Your answer is correct. Prepare an income statement for Marsh Corporation. MARSH CORPORATION Income Statement For the Year Ended December 31, 2014 Prepare a retained earnings statement for Marsh Corporation. (List items that increase retained earnings first.) MARSH CORPORATION Retained Earnings Statement For the Ycar...
Practice Do It! Review 2 (Part Level Submission) Lumina Co. was organized on April 1, 2017. The company prepares quarterly financial statements. The adjusted trial balan Debit Credit $7,000 Accumulated Depreciation-Equipment $600 4,000 800 300 70 300 11,380 11,500 1,300 $30,250 Cash Accounts Receivable Prepaid Rent Supplies 380 Notes Payable 700 900 Accounts Payable Salaries and Wages Payable Equipment Dividends Salaries and Wages Expense7,000 Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 11,300 Interest Payable 400 Unearned Rent...
Help needed please. Thumbs up in advance!
Problem 5-05A a, bl-b3, c-e (Part Level Submission) (Video) The trial balance of Concord Corporation contained the following accounts at November 30, the end of the company's fiscal year. Concord Corporation Trial Balance November 30, 2020 Credit Debit $8,200 31,100 43,600 6,000 135,000 $ 30,000 55,000 35,200 55,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation ---Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances...
Problema 1-02A , b 3 (Part Level Submission) On August , the balance sheet of Bramble Corp. showed cash $11,000, Accounts Receivable 53,700, Supplies $600, Equipment $5,000, Accounts Payable $5,000, Common Stock 514.900, and and Lang SBOD. During 1. Pad $3,450 cash for accounts payable due 2. Collected $1,500 of accounts receivable 3. Purchased ad bonaequent for $2.500, paying in a nd the balance on account 4. Recogniwed revenue of $6.500, of which $3,150 is collected in cash and the...
Problem 3-2A (Part Level Submission) The Concord Corporation opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Concord Corporation Trial Balance May 31, 2019 Debit Account Number 101 126 130 140 141 149 201 208 275 311 429 610 726 732 Credit Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $3,500 2,150 1,800...
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Problem 3-2A (Part Level Submission) The Concord Corporation opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows Concord Corporation Trial Balance May 31, 2019 Debit Account Number 101 126 130 140 141 149 201 208 275 311 429 610 726 732 Credit 3,500 2,150 1,800 12,000 58,800 15,600 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries...
Part -Level submission
Waterways Problem 01 b1-63 (Part Level Submission) Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to Irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. The mission of Waterways is to...
Problem 3-2A (Part Level Submission) The Concord Corporation opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows Concord Corporation Trial Balance May 31, 2019 Debit Account Number 101 126 130 140 141 149 201 208 275 311 429 610 726 732 Credit 3,500 2,150 1,800 12,000 58,800 15,600 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages...
Exercise 14-02 a-c (Part Level Submission) Wildhorse Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 108,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,300; 2020, $13,700; and 2021, $27,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. 2019 2020 2021 Allocation to...