Homework Answers
Calculation of Accumulated Depreciation for 2017= $141,400+ 46,000 = 187,400
Retained Earnings 2016= Total Assets- Total Liabilites- Common Stock
=401200-223,000-131,900
=46,300
Retained Earnings 2017= Total Assets- Total Liabilites- Common Stock
=440,900-198,000-181,800
=61,100
5,478 "Accumulated Depreciation 1,730 Accounts Payable 4,570 Notes Payable 1,000 Common Stock 8,468 Retained Earnings 700...
5,478 "Accumulated Depreciation 1,730 Accounts Payable 4,570 Notes Payable 1,000 Common Stock 8,468 Retained Earnings 700 Dividends 6,292 Fees Earned 3 311 Wages Expense 725 Rent Expense 383 Utilities Expense 185 Depreciation Expense 122 Miscellaneous Expense 28,538 28,538 Totals Determine the total liabilities for the period. O$10,468 $17.634 56 300 O $11.778 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6, 53 Accounts Receivable 2,366 Prepaid Expenses 782 Equipment 13,811...
Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable...
Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue Interest expense Common stock Income tax expense Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales $ 32,300 11,500 24,600 87,500 60,700 10,000 69,500 5,900 22,100 22,700 2,000 5,000 16,614 41,000 40,000 13,800 26,500 156,000 < Prev 3 of Required: o. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilities and stockholders' equity at December 31,...
QUESTION 14 CHART OF ACCOUNTS 101 Cash 211 Notes Payable 111 Notes Receivable 212 Accounts Payable...
QUESTION 14 CHART OF ACCOUNTS 101 Cash 211 Notes Payable 111 Notes Receivable 212 Accounts Payable 112 Accounts Receivable 214 Interest Payable 114 Interest Receivable 216 Wages Payable 119 Allow for Doubt Accounts 261 Unearned Revenue 121 Inventory 281 Bonds Payable 125 Supplies 311 Common Stock 130 Prepaid Insurance 312 In Excess of Par 132 Prepaid Rent 320 Retained Earnings 161 Equipment 332 Dividends 162 Accumulated Depreciation 350 Income Summary Billed customers for services rendered 401 Service Revenue 491 Interest...
Compute the current ratio, debt to assets ratioand earnings per share value. The average number of...
Compute the current ratio, debt to assets ratioand earnings per
share value. The average number of shares outstanding for 2022 was
11,300, . (Round ratios to 1 decimal places, e.g. 1.5:1 or 25.1\%
and earnings per share to 2 decimal places 2.25.)
Compute the current ratio, debt to assets ratio, and earnings per share value. The average number of shares outstanding for 2022 was 11,300. (Round ratios to 1 decimal places, e.g. 1.5:1 or 25.1% and earnings per share to...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
14. Item Prior year Current year Accounts payable 8,124.00 7,838.00 Accounts receivable 6,017.00 6,711.00 Accruals 968.00...
14. Item Prior year Current year Accounts payable 8,124.00 7,838.00 Accounts receivable 6,017.00 6,711.00 Accruals 968.00 1,366.00 Cash ??? ??? Common Stock 10,585.00 11,139.00 COGS 12,721.00 18,130.00 Current portion long-term debt 4,971.00 4,957.00 Depreciation expense 2,500 2,828.00 Interest expense 733 417 Inventories 4,210.00 4,789.00 Long-term debt 15,000.00 13,141.00 Net fixed assets 50,055.00 54,139.00 Notes payable 4,341.00 9,810.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,040.00 30,617.00 Sales 35,119 47,949.00 Taxes 2,084 2,775 What is the firm's cash flow from...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Net income Depreciation Expense Change in Accounts Receivable Change in Inventory Change in Accounts Payable OPERATING...
Net income Depreciation Expense Change in Accounts Receivable Change in Inventory Change in Accounts Payable OPERATING CASH FLOWS Acquisitions of fixed assets INVESTING CASH FLOWS Change in Notes Payable Change in Long-term debt Change in Common stock FINANCING CASH FLOWS NET CHANGE IN CASH CASH AT BEGINNING OF YEAR CASH AT END OF YEAR 2019 2018 change Cash 200,000 170,000 30,000 Accounts Receivable 864,000 700,000 164,000 Inventory 2,000,000 1,400,000 600,000 ...
Construct a balance sheet from the following information. Accrued interest payable Accumulated depreciation Trade accounts payable...
Construct a balance sheet from the following information. Accrued interest payable Accumulated depreciation Trade accounts payable Retained earnings Accrued wages Work in process Finished goods Plant and equipment Cash and marketable securities S 4,000 30,000 10,000 86,000 11.000 5,000 30.000 100,000 10,000 Land Accounts receivable Allowance for doubtful accounts 10,000 32,000 2.000 Bank note (due in six months) Long-term debt 15,000 15,000 Raw materials 7.000 10,000 Investments Taxes due 1,000 20,000 Additional paid-in capital $1 par value common stock 20,000...
accounts have normal balances) Accounts Payable Accumulated Depreciation Advertising Expense Bad Debt Expense Cash Cost of...
accounts have normal balances) Accounts Payable Accumulated Depreciation Advertising Expense Bad Debt Expense Cash Cost of Goods Sold Depreciation Expense Dividend Revenue Discontinued Operations Loss Gain on sale of PP&E Interest Expense Interest Revenue Inventory Loss on Sale of Land Coffee Expense Salaries Expense Sales Sales Discount Sales Returns & Allowances 85,000 300.000 2,200,000 20.000 600.000 1,400,000 275,000 40,000 460,000 700,000 75,000 20,000 120,000 350,000 100,000 1,600,000 8,700,000 100,000 300,000 Tax Rate => 20% What is the second number of...
5,478 "Accumulated Depreciation 1,730 Accounts Payable 4,570 Notes Payable 1,000 Common Stock 8,468 Retained Earnings 700 Dividends 6,292 Fees Earned 3 311 Wages Expense 725 Rent Expense 383 Utilities Expense 185 Depreciation Expense 122 Miscellaneous Expense 28,538 28,538 Totals Determine the total liabilities for the period. O$10,468 $17.634 56 300 O $11.778 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6, 53 Accounts Receivable 2,366 Prepaid Expenses 782 Equipment 13,811...
Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue Interest expense Common stock Income tax expense Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales $ 32,300 11,500 24,600 87,500 60,700 10,000 69,500 5,900 22,100 22,700 2,000 5,000 16,614 41,000 40,000 13,800 26,500 156,000 < Prev 3 of Required: o. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilities and stockholders' equity at December 31,...
QUESTION 14 CHART OF ACCOUNTS 101 Cash 211 Notes Payable 111 Notes Receivable 212 Accounts Payable 112 Accounts Receivable 214 Interest Payable 114 Interest Receivable 216 Wages Payable 119 Allow for Doubt Accounts 261 Unearned Revenue 121 Inventory 281 Bonds Payable 125 Supplies 311 Common Stock 130 Prepaid Insurance 312 In Excess of Par 132 Prepaid Rent 320 Retained Earnings 161 Equipment 332 Dividends 162 Accumulated Depreciation 350 Income Summary Billed customers for services rendered 401 Service Revenue 491 Interest...
Compute the current ratio, debt to assets ratioand earnings per
share value. The average number of shares outstanding for 2022 was
11,300, . (Round ratios to 1 decimal places, e.g. 1.5:1 or 25.1\%
and earnings per share to 2 decimal places 2.25.)
Compute the current ratio, debt to assets ratio, and earnings per share value. The average number of shares outstanding for 2022 was 11,300. (Round ratios to 1 decimal places, e.g. 1.5:1 or 25.1% and earnings per share to...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Construct a balance sheet from the following information. Accrued interest payable Accumulated depreciation Trade accounts payable Retained earnings Accrued wages Work in process Finished goods Plant and equipment Cash and marketable securities S 4,000 30,000 10,000 86,000 11.000 5,000 30.000 100,000 10,000 Land Accounts receivable Allowance for doubtful accounts 10,000 32,000 2.000 Bank note (due in six months) Long-term debt 15,000 15,000 Raw materials 7.000 10,000 Investments Taxes due 1,000 20,000 Additional paid-in capital $1 par value common stock 20,000...
accounts have normal balances) Accounts Payable Accumulated Depreciation Advertising Expense Bad Debt Expense Cash Cost of Goods Sold Depreciation Expense Dividend Revenue Discontinued Operations Loss Gain on sale of PP&E Interest Expense Interest Revenue Inventory Loss on Sale of Land Coffee Expense Salaries Expense Sales Sales Discount Sales Returns & Allowances 85,000 300.000 2,200,000 20.000 600.000 1,400,000 275,000 40,000 460,000 700,000 75,000 20,000 120,000 350,000 100,000 1,600,000 8,700,000 100,000 300,000 Tax Rate => 20% What is the second number of...
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