Homework Answers
Retained Earning is statement of owner's equity.It shows change in equity.
Ending balance of retained earning = Beginning balance of retained earning +net income(loss)-dividend
Bramble Corp. Retained earning statement for year ended April 30,2017
Beginning Retained Earning $1600
+ Net income $2250*
$3850
-Dividend $395
Closing Retained earning $3455
*Net income = Sale- cost of goods sold-operating Expenses- Tax
= $ 5260-1130-(265+280+470+630)-235
= $2250
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(a2) Prepare a retained earnings statement for Bramble Corp. for the year ended April 30, 2017....
Problem 2-3A (Part Level Submission) You are provided with the following information for Bramble Corp., effective...
Problem 2-3A (Part Level Submission) You are provided with the following information for Bramble Corp., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue $904 970 670 1,430 1,380 1,130 265 395 2,580...
Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Income Taxes Payable Salaries and Wages Payable Total...
Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Income Taxes Payable Salaries and Wages Payable Total Long-term Liabilities Total Current Liabilities Total Current Liabilities Long-Term Liab ties Mortgage Payable Total Long-term Labies Total Liabilities G eminem daughter - Google Se: x + yplus.com/courses/37115/assignments/3933142 You are provided with the following information for Bramble Corp., effective as of its port $ 904 970 670 1,430 1,380 1,130 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense...
Question 4 These items are taken from the financial statements of Bramble Corp. for 2017. Retained...
Question 4 These items are taken from the financial statements of Bramble Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,620 2,170 69,620 21,440 12,670 4,860 12,000 12,000 71,180 5,360 1,630 3,150 14,840 2,650 40,180 20,170 Prepare an income statement for the year ended December 31, 2017....
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017. Blue...
These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning...
These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,280 2,110 68,280 22,570 15,070 5,840 12,000 12,000 69,290 6,340 1,690 3,490 15,970 2,310 38,290 22,570 Prepare a retained earnings statement for the year ended December 31, 2017. (List...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017 Blue...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017. Blue...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017 Blue...
These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning...
These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,280 2,110 68,280 22,570 15,070 5,840 12,000 12,000 69,290 6,340 1,690 3,490 15,970 2,310 38,290 22,570 Sheffield Corp Balance Sheet Assets Liabilities and Stockholders' Equity We were unable to...
Prepare an income statement and a retained earnings statement for the 2 months ended December 31,...
Prepare an income statement and a retained earnings statement
for the 2 months ended December 31, 2017, The note payable has a
stated interest rate of 6%, and the principal and interest are due
on November 16, 2019.
RUUSU 11al Dalal December 31, 2017 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment NT$1,180 875 350 1,210 1,200 NT$ 40 Accounts Payable Salaries and Wages Payable Unearned Service Revenue Notes Payable 300 2,000 Interest Payable 15 800...
Problem 2-3A (Part Level Submission) You are provided with the following information for Bramble Corp., effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue $904 970 670 1,430 1,380 1,130 265 395 2,580...
Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Income Taxes Payable Salaries and Wages Payable Total Long-term Liabilities Total Current Liabilities Total Current Liabilities Long-Term Liab ties Mortgage Payable Total Long-term Labies Total Liabilities G eminem daughter - Google Se: x + yplus.com/courses/37115/assignments/3933142 You are provided with the following information for Bramble Corp., effective as of its port $ 904 970 670 1,430 1,380 1,130 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense...
Question 4 These items are taken from the financial statements of Bramble Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,620 2,170 69,620 21,440 12,670 4,860 12,000 12,000 71,180 5,360 1,630 3,150 14,840 2,650 40,180 20,170 Prepare an income statement for the year ended December 31, 2017....
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017. Blue...
These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,280 2,110 68,280 22,570 15,070 5,840 12,000 12,000 69,290 6,340 1,690 3,490 15,970 2,310 38,290 22,570 Prepare a retained earnings statement for the year ended December 31, 2017. (List...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017 Blue...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017. Blue...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017 Blue...
These items are taken from the financial statements of Sheffield Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,280 2,110 68,280 22,570 15,070 5,840 12,000 12,000 69,290 6,340 1,690 3,490 15,970 2,310 38,290 22,570 Sheffield Corp Balance Sheet Assets Liabilities and Stockholders' Equity We were unable to...
Prepare an income statement and a retained earnings statement
for the 2 months ended December 31, 2017, The note payable has a
stated interest rate of 6%, and the principal and interest are due
on November 16, 2019.
RUUSU 11al Dalal December 31, 2017 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment NT$1,180 875 350 1,210 1,200 NT$ 40 Accounts Payable Salaries and Wages Payable Unearned Service Revenue Notes Payable 300 2,000 Interest Payable 15 800...
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