Homework Answers
Here you go with the solution...I am not sure about the heads and account titles specified to be used in question. There is no clear specification given in question. Requesting you to look for your desired format and change accordingly
However answer is as below mentioned:
| Fedex Corporation | ||
| Income Statement | ||
| Year ending May 31st | ||
| Particulars | Amount ($) | Amount ($) |
| Revenues | 47,453 | |
| Expenses | ||
| Salaries and Employee Benefits | 17,110 | |
| Depreciation and Amortisation | 2,611 | |
| Other Expenses | ||
| Fuel Expense | 3,720 | |
| Maintenance and Repairs Expense | 2,099 | |
| Other Expenses | 9,121 | |
| Purchased Transportation | 8,483 | |
| Rentals & Landing Fees | 2,682 | 26,105 |
| Total Expenses | 45,826 | |
| Earnings before Interest & Tax | 1,627 | |
| Provision for Income Taxes | 577 | |
| Earnings after Tax | 1,050 | |
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Foxy Investigative Services is an investigative services firm
that is owned and operated by Shirley Vickers. On November 30,
20Y8, the end of the fiscal year, the accountant for Foxy
Investigative Services prepared an end-of-period spreadsheet, a
part of which follows:
Foxy Investigative Services
End-of-Period Spreadsheet
For the Year Ended November 30, 20Y8
~
Adjusted Trial Balance
Account Title
~
Dr.
Cr.
~
Cash
~
22,000
Accounts Receivable
~
68,400
Supplies
~
4,400
Prepaid Insurance
~
2,500
Building
~
433,500...
Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers....
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Foxy Investigative Services is an investigative services firm
that is owned and operated by Shirley Vickers. On November 30,
20Y8, the end of the fiscal year, the accountant for Foxy
Investigative Services prepared an end-of-period spreadsheet, a
part of which follows:
Foxy Investigative Services
End-of-Period Spreadsheet
For the Year Ended November 30, 20Y8
~
Adjusted Trial Balance
Account Title
~
Dr.
Cr.
~
Cash
~
22,000
Accounts Receivable
~
68,400
Supplies
~
4,400
Prepaid Insurance
~
2,500
Building
~
433,500...
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