Question

The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock. $14,000; Retai
0 0
Add a comment Improve this question Transcribed image text
Answer #1

spiders Corporation Statement of Sockholders Equity For the year ended December 31, 2018 Common Retained Total Stock EarringsNote - Calculation Service Revenue Salaries Espene Rent Expence - Net Income of Net Income . I 23000 ( 19 400 ( 400) Т 19ьо

Add a comment
Know the answer?
Add Answer to:
The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • the following account balances appear in 2021 adjusted trial balance of Diamond Corporation: Common Stock, $21000;...

    the following account balances appear in 2021 adjusted trial balance of Diamond Corporation: Common Stock, $21000; Retained Earnings, $8000; Dividends, $2000; Service Revenue, $30000; Salaries Expense, $13000; and Utilites Expense, $7000. No common stock was issued during the year. PREPARE THE STATEMENT OF STOCKHOLDERS EQUITY for the year ended December 32, 2021. The following account balances appear in the 2021 adjusted trial balance of Diamond Corporation Common Stock, $21.000; Retained Earnings, $8,000, Dividends, $2.000, Service Revenue $30,000. Salaries Expense. $13.000,...

  • 172. The following account balances appear in the 2015 adjusted trial balance of Diamond Corporation: Common...

    172. The following account balances appear in the 2015 adjusted trial balance of Diamond Corporation: Common Stock, $21,000; Retained Earnings, $8,000; Dividends, $2,000; Service Revenue, $30,000; Salaries Expense, $13,000; and Utilities Expense, $7,000. No common stock was issued during the year. Prepare the statement of stockholders’ equity for the year ended December 31, 2015. 173. The following is selected financial information for Osmond Dental Laboratories for 2015 and 2016: 2015 2016 Retained earnings, January 1 $53,000 ? Net income 37,000...

  • The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash...

    The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash $5,000 Accounts Receivable, 50.000, Supplies, $18.000, Equipment, $120,000 Accumulated Depreciation, $45,000, Accounts Payable, 526.000: Salaries Payable, $16,000Common Stock, $60,000, and retained Earnings Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Current liabilities: Tot current set Toteurrent liabile Stockholders' Equity...

  • The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash,...

    The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, $5,000: Accounts Receivable, $9,000, Supples, $19,000;, Equipment, $120,000 Accumulated Depreciation, $45,000; Accounts Payable, $26,000: Salaries Payable, $16,000, Common Stock, $60.000; and Retained Eamings, Prepare the December 31, 2018, classified balance sheet including the corect balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2018 Assets Liabilities Current liabilities: Current assets Total current...

  • The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash,...

    The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,000; Accounts Receivable, $7,000; Supplies, $17,000; Equipment, $100,000; Accumulated Depreciation, $35,000; Accounts Payable, $24,000; Salaries Payable, $14,000; Common Stock, $40,000; and Retained Earnings, LVVILUVVIVI VINTIVI Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Cash $ $ 24,000 3,000 7,000 17,000 Accounts Payable Salaries Payable Accounts Receivable 14,000 Supplies Total current assets 27,000 Total current liabilities 38,000 Stockholders' Equity Long-term assets: Equipment...

  • not sure what is wrong here The following account balances appear in the 2018 adjusted trial...

    not sure what is wrong here The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, S4100, Accounts Receivable, $8,100, Supplies, $18,100; Equipment, $111,000, Accumulated Depreciation, $10,500, Accounts Payable, $25,100, Salaries Payable, $15,100. Common Stock, $51,000, and Retained Earnings. Prepare the December 31, 2018, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Answer is not complete. BLUE DEVILS CORPORATION Balance Sheet...

  • The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue,...

    The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $190,000; Salaries Expense, $93,000; Supplies Expense, $11,500; Rent Expense, $17,500; Depreciation Expense, $27,000; and Delivery Expense, $9,500. Prepare an income statement for the year ended December 31, 2021. The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $190,000; Salaries Expense, $93,000; Supplies Expense, $11,500; Rent Expense, $17,500; Depreciation Expense, $27,000, and Delivery Expense, $9,500. Prepare an income...

  • The following information applies to the questions displayed below. The December 31, 2018, adjusted trial balance...

    The following information applies to the questions displayed below. The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Cash Accounts Recelvable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 148,000 5,800 29,000 380,000 133,000 11,800 0,800 4,800 38,000 280,000 58,000 480,000 380,000 19,000 38,000 4,800 $1,016,400 $1,016,400 We were...

  • The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue,...

    The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $230,000; Salaries Expense, $101,000; Supplies Expense, $15,500; Rent Expense, $21,500; Depreciation Expense, $35,000; and Delivery Expense, $13,500. Prepare an income statement for the year ended December 31, 2021. BEAVERS CORPORATION Income Statement For the year ended December 31, 2021 Expenses: Total expenses 0

  • ne valdnice sheet (L03-5) The following account balances appear in the 2021 adjusted trial balance of...

    ne valdnice sheet (L03-5) The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,900; Accounts Receivable, $7,900; Supplies, $17,900; Equipment, $109,000; Accumulated Depreciation, $39,500; Accounts Payable, $24,900, Salaries Payable, $14,900; Common Stock, $49,000; and Retained Earnings, Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) Assets Current assets: Cash Accounts Receivable Supplies BLUE DEVILS CORPORATION Balance Sheet...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT