The following account balances were drawn from the 2011 financial statements of Gwynn Company Cash $2,240...
The following account balances were drawn from the 2011 financial statements of Gwynn Company
Cash $2,240 Supplies $540
A/R 950 Common Stock ?
Land 1,000 Retained earnings 2,890
Revenues 5,500
Expenses 2,640
Based on the above information, what is the balance of Common Stock
-
$2,970
-
$2,860
-
$3,890
-
$1,840
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The following account balances were drawn from the 2011
financial statements of Gwynn Company
Cash $2,240...
Required information The following account balances were drawn from the 2011 financial statements of Gwynn Company...
Required information The following account balances were drawn from the 2011 financial statements of Gwynn Company Cash $2,250 Supplies $550 A/ R 1 ,000 Common Stock I 2,940 Land 1,100 Retained earnings 5,550 Revenues, Expenses 2,680 Based on the above information, what is the balance of Common Stock for Gwynn Company? At the end of 2011, retained earnings for the Bisk Company was $3,450. Revenue earned by the company in 2011 was $2,235, expenses paid during the period were $1,105,...
The following account balances were drawn from the financial statements of Grayson Company 3 $1,450 Cash...
The following account balances were drawn from the financial statements of Grayson Company 3 $1,450 Cash Accounts receivable Land $4,800 $1,900 $8,400 Accounts payable Common stock Retained earnings, Jan. 1 Revenue Expenses $3,100 $9,900 $7,450 Ask Print Based on the above information, what is the balance of Common Stock for Grayson Company? Multiple Choice $8,100 $10.550 $650 $10,800
The following account balances were drawn from the Year 1 financial statements of Grayson Company: $...
The following account balances were drawn from the Year 1 financial statements of Grayson Company: $ 2,500 Cash Accounts receivable Land $ 8,800 Accounts payable $ 3,000 Common stock $ 16,000 Retained earnings, Jan. 1 Revenue Expenses $ 5,400 $19,000 $14,500 What is the balance of the Common Stock account? Multiple Choice $15,400 0 $19,900 < Prey 4 of 13 Next > Saved What is the balance of the Common Stock account? Multiple Choice Ο Ο Ο Ο < Prev...
TB MC Qu. 02-34 The following account balances were drawn... 9 The following account balances were...
TB MC Qu. 02-34 The following account balances were drawn... 9 The following account balances were drawn from the Year 1 financial statements of Grayson Company: $ 1,950 points Cash Accounts receivable Land ( 8 01:30:50 $5,800 Accounts payable $2,900 Common stock $9,400 Retained earnings, Jan. 1 Revenue Expenses $ 4,100 $10,900 $ 7,950 What is the balance of the Common Stock account? Multiple Choice O $12,050 $9,100
Stahl Company paid $7,800 on May 1, 2008 for insurance coverage for a one year period...
Stahl Company paid $7,800 on May 1, 2008 for insurance coverage for a one year period beginning that date. The adjusting entry required to recognize insurance expense on December 31, 2008 would have what effect on the financial statements? = = B) Assets (2.600) (2600) (5.200) (5.200) L inh NA NA NA NA + + + + + Equity (2,600) 2600) (5,200) (5,200) Rev. NA VA NA NA Exp. 2.600 2600 5.200 3.200 Net In (2,600) (2600) (5,200) (5,200) Cash...
8. The following selected account balances were drawn from the December 31, 2017 balance sheet and...
8. The following selected account balances were drawn from the December 31, 2017 balance sheet and income statement of Ulrich Company: Accounts Receivable Retained Earnings 750 2,600 Accounts Payable Revenues 500 5,400 Land Expenses 600 4,000 Cash Common Stock 2,800 ? Based on the above information, what is the balance of Common Stock for Ulrich Company? A. $ 750 B. $1,050 C. D. $1,550 $2,050
14. The following accounts and balances were taken from the 2020 financial statements of Global2, Inc....
14. The following accounts and balances were taken from the 2020 financial statements of Global2, Inc. (in millions). Identify each account as an asset (A), liability (L), stockholder's equity (SE), revenue (R), or an expense (E). Retained Earnings Cost of Goods Sold Selling & Admin Expenses Cash Notes Payable Interest Expense Other Expenses 1,564.7 4,128.5 3,523.6 231.8 513.3 351.5 54.0 Long-term Debt Inventories Net Sales Accounts Payable Common Stock Income Tax Expense 5,619.0 574.5 8,853.3 577.5 103.8 322.1 Prepare an...
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise Accounts Payable$7,200Rent Expense$3,000Accounts Receivable8,400Equipment74,500Wages Payable3,400Furniture16,600Prepaid Expenses500Notes Payable (due 12/31/13)40,900Dividends2,000Accumulated Depreciation8,000Sales Revenue99,850Cash14,000Notes Payable (due 4/30/12)1,000Common Stock20,000Cost of Goods Sold48,800Goodwill10,000Loss on Sale of Equipment5,500Retained Earnings (1/1/11)16,150Inventory9,500Marketable Equity Securities300Advertising Expense2,500Depreciation Expense1,100Insurance Expense2,000Unearned Revenue2,200Determine the Ending Retained Earnings for 2011:Group of answer choices$36,950$52,100$51,100$34,950$71,100
The following accounts and balances were drawn from the records of Barker Company at December 31,...
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued $ 660 Beginning retained earnings (7,300) Cash flow from financing act. 2,400 Rent expense 79,000 Dividends 41,000 Cash 280 Accounts receivable 1,000 Prepaid rent 1,100 Unearned revenue 7,700 Land 5,300 Accounts payable $ 19,000 (5,000)...
The following accounts and balances were drawn from the records of Barker Company at December 31,...
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ 19,000 (5,000) 2,500 Supplies Cash flow from investing act. Prepaid insurance Service revenue 2$ 660 (7,300) Cash flow from financing act. 2,400 Beginning retained earnings Rent expense 79,000 41,000 280 Dividends 5,500 11,800 Other operating expenses Supplies expense Cash Accounts receivable Prepaid rent Unearned revenue 19,000 4,900 7,300 Insurance expense 1,000 1,100 7,700 5,300 Beginning common stock Cash flow from operating act....
Required information The following account balances were drawn from the 2011 financial statements of Gwynn Company Cash $2,250 Supplies $550 A/ R 1 ,000 Common Stock I 2,940 Land 1,100 Retained earnings 5,550 Revenues, Expenses 2,680 Based on the above information, what is the balance of Common Stock for Gwynn Company? At the end of 2011, retained earnings for the Bisk Company was $3,450. Revenue earned by the company in 2011 was $2,235, expenses paid during the period were $1,105,...
The following account balances were drawn from the financial statements of Grayson Company 3 $1,450 Cash Accounts receivable Land $4,800 $1,900 $8,400 Accounts payable Common stock Retained earnings, Jan. 1 Revenue Expenses $3,100 $9,900 $7,450 Ask Print Based on the above information, what is the balance of Common Stock for Grayson Company? Multiple Choice $8,100 $10.550 $650 $10,800
The following account balances were drawn from the Year 1 financial statements of Grayson Company: $ 2,500 Cash Accounts receivable Land $ 8,800 Accounts payable $ 3,000 Common stock $ 16,000 Retained earnings, Jan. 1 Revenue Expenses $ 5,400 $19,000 $14,500 What is the balance of the Common Stock account? Multiple Choice $15,400 0 $19,900 < Prey 4 of 13 Next > Saved What is the balance of the Common Stock account? Multiple Choice Ο Ο Ο Ο < Prev...
TB MC Qu. 02-34 The following account balances were drawn... 9 The following account balances were drawn from the Year 1 financial statements of Grayson Company: $ 1,950 points Cash Accounts receivable Land ( 8 01:30:50 $5,800 Accounts payable $2,900 Common stock $9,400 Retained earnings, Jan. 1 Revenue Expenses $ 4,100 $10,900 $ 7,950 What is the balance of the Common Stock account? Multiple Choice O $12,050 $9,100
Stahl Company paid $7,800 on May 1, 2008 for insurance coverage for a one year period beginning that date. The adjusting entry required to recognize insurance expense on December 31, 2008 would have what effect on the financial statements? = = B) Assets (2.600) (2600) (5.200) (5.200) L inh NA NA NA NA + + + + + Equity (2,600) 2600) (5,200) (5,200) Rev. NA VA NA NA Exp. 2.600 2600 5.200 3.200 Net In (2,600) (2600) (5,200) (5,200) Cash...
8. The following selected account balances were drawn from the December 31, 2017 balance sheet and income statement of Ulrich Company: Accounts Receivable Retained Earnings 750 2,600 Accounts Payable Revenues 500 5,400 Land Expenses 600 4,000 Cash Common Stock 2,800 ? Based on the above information, what is the balance of Common Stock for Ulrich Company? A. $ 750 B. $1,050 C. D. $1,550 $2,050
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The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued $ 660 Beginning retained earnings (7,300) Cash flow from financing act. 2,400 Rent expense 79,000 Dividends 41,000 Cash 280 Accounts receivable 1,000 Prepaid rent 1,100 Unearned revenue 7,700 Land 5,300 Accounts payable $ 19,000 (5,000)...
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ 19,000 (5,000) 2,500 Supplies Cash flow from investing act. Prepaid insurance Service revenue 2$ 660 (7,300) Cash flow from financing act. 2,400 Beginning retained earnings Rent expense 79,000 41,000 280 Dividends 5,500 11,800 Other operating expenses Supplies expense Cash Accounts receivable Prepaid rent Unearned revenue 19,000 4,900 7,300 Insurance expense 1,000 1,100 7,700 5,300 Beginning common stock Cash flow from operating act....
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