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Chapter 1 30, 2016. Use the following...
Please check the image and answer the following questions Financial Statements: Personal Chapter 1 AP-20A (0)...
Please check the image and answer the following
questions
Financial Statements: Personal Chapter 1 AP-20A (0) State how the following transactions would afect net worth (increase, decrease, no cha Effect on Net Worth Transaction Borrow cash. Pay entertainment expense with cash Pay food expense with cash Buy assets with cash. Charge home repairs expense on credit card. Pay insurance expense with cash. Pay loan principal with cash. Purchase assets on account. Receive salary Pay rent expense with cash. AP-21 A...
Please answer the following question Chapter t Rnanclal Statements Personal Accounting AP-17A (0e0 Indicate whether the...
Please answer the following question
Chapter t Rnanclal Statements Personal Accounting AP-17A (0e0 Indicate whether the account balances will increase or decrease and by how much, based orn each transaction. The first one has been done for you. Always ensure the accounting equation is balanced Assets Liabilities+Net Worth Explanation t. Purchased a new television for $700 on credit 2. Purchased $100 worth of gas on credit 3. Made a 5850 car loan payment 4 Purchased a chandeller for $200 cash...
Financial Statements Questions Showing Calculations for each: BALANCE SHEETS 2016 2,860 1. Use the following financial...
Financial Statements Questions
Showing Calculations for each:
BALANCE SHEETS 2016 2,860 1. Use the following financial statements to answer questions (Dollars are stated in $millions) INCOME STATEMENT 2015 2016 2015 2016 Net Sales 8,360 9,610 Cash 310 405 Cost of goods sol 5,247 6,310 Accounts rec. 2,640 3,055 Depreciation 1,340 1,370 Inventory 3.275 3,850 EBIT 1,773 1,930 Current assets 6,225 7,310 Interest 620 630 Net fixed assets 10,960 10,670 Taxable income 1,153 1,300 Taxes 403 455 Total assets 17,185 17,980...
IKIBAN INC Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $ 94,900 96,500...
IKIBAN INC Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $ 94,900 96,500 84,800 6,500 282,700 Cash $65,000 Accounts receivable, net Inventory Prepaid expenses 72,000 118,000 9,600 264,600 136,000 Total current assets Equipment Accum. depreciation-Equipment 145,000 (37,500) (19,500) $390,200 $381,100 Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable $ 46,000 8,100 61,500 19,200 8,000 88,700 81,000 5,500 Total current liabilities 59,600 Notes payable (long term) 51,000 110,600 Total liabilities 169,700 Equity Common stock,...
answer all parts please , thank you The following formation from the personal records of Ramon...
answer all parts please , thank you
The following formation from the personal records of Ramon March 31, 2019 Net Worth 58700 Transactions for the month of April 2019 1) Earned monthly salary of $5.210 2) Paid $1.290 cash fortes 3) Purchased an automobile worth $220 on account 4) Paid $550 cash for iphone expenses 5) Paid $520 cash for hydro Accounted Do not enter dollar signs or commas in the input boxes The Account fields are labeled by transaction...
50 Chapter 1 Introduction to Accounting and Business PR 1-68 Missing amounts from financial statements Iry's...
50 Chapter 1 Introduction to Accounting and Business PR 1-68 Missing amounts from financial statements Iry's first month of operations follows $200.000 The financial statements at the end of Arlas Realty $ 400.000 Atlas Realty Income Statement For the Month Ended nath Ended May 31, 2016 $ (a) 48,000 17,600 14,400 4.800 Fees earned.. Expenses: Wages expense Rent expense Supplies expense Utilities expense.. Miscellaneous expense Total expenses.. Net income... (288,000 $ Retained Atlas Realty Statement of Stockholders' Equity For the...
İKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $99,700 57,00e Cash Accounts recei...
İKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $99,700 57,00e Cash Accounts receivable, net Inventory Prepaid expenses 84,500 76,800 106,000 5,700 266,700 235,000 137,000 128,000 (33,500)(15, 50e) $370,200 $347,500 64,000 8,000 Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities 38,000 49,500 7,300 4,700 50,000 17,600 6,400 73,500 Notes payable (long term) 43,000 22973,000 93,000 146, 500 Total liabilities Equity Common stock, $5...
50 Chapter 1 production to Accounting and Business $ 400,000 $208.000 PR 1-6B Missing amounts from...
50 Chapter 1 production to Accounting and Business $ 400,000 $208.000 PR 1-6B Missing amounts from financial statements The financial statements at the end of Atlas Realry's first month of operations follow Atlas Realty Income Statement $ (a) 48,000 17,600 14,400 4,800 Fees earned... Expenses Wages expense. Rent expense. Supplies expense Utilities expenses Miscellaneous expense.. Total expenses.*** Net Income... (288,000) $ (b) Atlas Realty Statement of Stockholders' Equity For the Month Ended May 31, 2016 Total Common Stock $ 0...
Use the following data to answer questions below. INCOME STATEMENT: TONY'S PIZZA EATERY 2016 2016 REVENUES $&nb...
Use the following data to answer questions below. INCOME STATEMENT: TONY'S PIZZA EATERY 2016 2016 REVENUES $ 275,789 COST OF GOODS SOLD $ 103,115 GROSS PROFIT $ 172,674 DEPRECIATION $ 31,100 SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES $ 77,444 OPERATING INCOME (EBIT) $ 64,130 INTEREST EXPENSE $ 6,000 TAXABLE INCOME (EBT) $ 58,130 TAXES (SEE TAX TABLE) $ 8,720 NET INCOME $ 49,411 BALANCE SHEET: TONY'S PIZZA EATERY END OF 2016 2016 CURRENT ASSETS CASH $ 8,247 ACCOUNTS RECEIVABLE $ 1,236...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access to all activities and can proceed to prove your mastery. You can attempt this as many times as you want. Your work will be saved as you work through each part. Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or parentheses. SMART TOUCH LEARNING Adjusted Trial Balance December 31,...
Please check the image and answer the following
questions
Financial Statements: Personal Chapter 1 AP-20A (0) State how the following transactions would afect net worth (increase, decrease, no cha Effect on Net Worth Transaction Borrow cash. Pay entertainment expense with cash Pay food expense with cash Buy assets with cash. Charge home repairs expense on credit card. Pay insurance expense with cash. Pay loan principal with cash. Purchase assets on account. Receive salary Pay rent expense with cash. AP-21 A...
Please answer the following question
Chapter t Rnanclal Statements Personal Accounting AP-17A (0e0 Indicate whether the account balances will increase or decrease and by how much, based orn each transaction. The first one has been done for you. Always ensure the accounting equation is balanced Assets Liabilities+Net Worth Explanation t. Purchased a new television for $700 on credit 2. Purchased $100 worth of gas on credit 3. Made a 5850 car loan payment 4 Purchased a chandeller for $200 cash...
Financial Statements Questions
Showing Calculations for each:
BALANCE SHEETS 2016 2,860 1. Use the following financial statements to answer questions (Dollars are stated in $millions) INCOME STATEMENT 2015 2016 2015 2016 Net Sales 8,360 9,610 Cash 310 405 Cost of goods sol 5,247 6,310 Accounts rec. 2,640 3,055 Depreciation 1,340 1,370 Inventory 3.275 3,850 EBIT 1,773 1,930 Current assets 6,225 7,310 Interest 620 630 Net fixed assets 10,960 10,670 Taxable income 1,153 1,300 Taxes 403 455 Total assets 17,185 17,980...
IKIBAN INC Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $ 94,900 96,500 84,800 6,500 282,700 Cash $65,000 Accounts receivable, net Inventory Prepaid expenses 72,000 118,000 9,600 264,600 136,000 Total current assets Equipment Accum. depreciation-Equipment 145,000 (37,500) (19,500) $390,200 $381,100 Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable $ 46,000 8,100 61,500 19,200 8,000 88,700 81,000 5,500 Total current liabilities 59,600 Notes payable (long term) 51,000 110,600 Total liabilities 169,700 Equity Common stock,...
answer all parts please , thank you
The following formation from the personal records of Ramon March 31, 2019 Net Worth 58700 Transactions for the month of April 2019 1) Earned monthly salary of $5.210 2) Paid $1.290 cash fortes 3) Purchased an automobile worth $220 on account 4) Paid $550 cash for iphone expenses 5) Paid $520 cash for hydro Accounted Do not enter dollar signs or commas in the input boxes The Account fields are labeled by transaction...
50 Chapter 1 Introduction to Accounting and Business PR 1-68 Missing amounts from financial statements Iry's first month of operations follows $200.000 The financial statements at the end of Arlas Realty $ 400.000 Atlas Realty Income Statement For the Month Ended nath Ended May 31, 2016 $ (a) 48,000 17,600 14,400 4.800 Fees earned.. Expenses: Wages expense Rent expense Supplies expense Utilities expense.. Miscellaneous expense Total expenses.. Net income... (288,000 $ Retained Atlas Realty Statement of Stockholders' Equity For the...
İKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $99,700 57,00e Cash Accounts receivable, net Inventory Prepaid expenses 84,500 76,800 106,000 5,700 266,700 235,000 137,000 128,000 (33,500)(15, 50e) $370,200 $347,500 64,000 8,000 Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities 38,000 49,500 7,300 4,700 50,000 17,600 6,400 73,500 Notes payable (long term) 43,000 22973,000 93,000 146, 500 Total liabilities Equity Common stock, $5...
50 Chapter 1 production to Accounting and Business $ 400,000 $208.000 PR 1-6B Missing amounts from financial statements The financial statements at the end of Atlas Realry's first month of operations follow Atlas Realty Income Statement $ (a) 48,000 17,600 14,400 4,800 Fees earned... Expenses Wages expense. Rent expense. Supplies expense Utilities expenses Miscellaneous expense.. Total expenses.*** Net Income... (288,000) $ (b) Atlas Realty Statement of Stockholders' Equity For the Month Ended May 31, 2016 Total Common Stock $ 0...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access to all activities and can proceed to prove your mastery. You can attempt this as many times as you want. Your work will be saved as you work through each part. Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or parentheses. SMART TOUCH LEARNING Adjusted Trial Balance December 31,...
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