Homework Answers
| Ans. | Option 1st $90,700 | |||
| Particulars | Amount | |||
| Cash | $14,000 | |||
| Supplies | $5,800 | |||
| Prepaid rent | $3,900 | |||
| Equipment | 67000 | |||
| Total Assets | $90,700 | |||
| *Service revenue, salaries expense and miscellaneous expenses are the part of income statement. | ||||
| *Accounts payable is a current liability. | ||||
| *Dividends is treated under the Statement of retained earnings. | ||||
| *Common stock and retained earnings are the part of Stockholder's equity section of balance sheet. | ||||
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The following table contains financial information for Trumpter Inc before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpter Inc. before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $12,100 6,100 2,900 6,100 65,400 29,300 20,600 4,000 3,900 66,800 17,200 What is the amount of Trumpter's total assets? Ο $83,600 Ο $86,500 Ο $21,100 Ο $153,300
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $12,700 5,400 3,100 5,100 65,200 29,700 21,000 5,000 3,400 67.900 16,500 27:29 Dok "ences What is the amount of Trumpeter's total assets? Multiple Choice < Prev 45 of 50 Next > Taw pe here to search OR
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,400 6,300 2,100 4,900 66,900 30,000 20,500 3,200 3,300 66,200 17,800 What is Trumpeter's net income? Multiple Choice Ο Ο 55 10ο Ο $7100 Ο $4,600 Ο Ο 58,100
The following table contains financial information for Trumpeter Inc., before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpeter Inc., before closing entries: Cash Supplies Prepaid Rent Salary Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,500 4,700 3,300 4,800 66,200 29,700 20,300 3.800 4,300 67,600 15,000 What is Trumpeter's net income? O $5,100 0 $4,600 OOO $6,800 O $7,800
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,400 5,200 2,600 6,100 65,900 29,100 21,900 4,400 4,400 66,200 19,800 What is Trumpeter's net income?
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent...
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,200 5,600 2,500 5,600 65,500 29,500 20,700 3,200 3,600 66,700 16,500 What is Trumpeter's net income?
ID ITIL The following table contains financial information for Trumpter Inc. before closing entries: Cash Supplies...
ID ITIL The following table contains financial information for Trumpter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,600 6,400 3,600 6,100 65,900 28,900 20,200 3,000 4,100 67,100 18,700 What is the amount of Trumpter's total assets?
The following table contains financial information for Trumpeter Inc. Cash Supplies Prepaid Rent Salary Expense Equipment...
The following table contains financial information for Trumpeter Inc. Cash Supplies Prepaid Rent Salary Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,500 5,600 2,600 5,300 66,700 29,300 21,200 4,100 4,900 67,600 17,200 What is Trumpeter's net income? O $8,700 O $7,700 O $2,800 O $3,300
A company reports the following balances before closing entries: Cash Supplies Prepaid Rent Salary Expense Equipment...
A company reports the following balances before closing entries: Cash Supplies Prepaid Rent Salary Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $12,000 4,500 2.000 4,500 65.000 30,000 20,000 3,000 5,000 68,000 8,000 What is the amount of ending Retained Earnings reported in the balance sheet?
The following table contains Michigan Corp.'s adjusted trial balance at December 31st: Cash Supplies Prepaid rent...
The following table contains Michigan Corp.'s adjusted trial balance at December 31st: Cash Supplies Prepaid rent Salaries expense Equipment Service revenue Rent expense Dividends Merchandise revenue Accounts payable Common stock Retained earnings $8,000 $2,000 $4,000 $8,200 $40,000 $21,000 $10,000 $5,000 $8,000 $14,000 ? $6,200 On Michigan's balance sheet, the amount shown for Common stock would make up what percentage of total stockholders' equity? (Enter the percentage as a whole number, ex: 15 not.15)
The following table contains financial information for Trumpter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $12,100 6,100 2,900 6,100 65,400 29,300 20,600 4,000 3,900 66,800 17,200 What is the amount of Trumpter's total assets? Ο $83,600 Ο $86,500 Ο $21,100 Ο $153,300
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $12,700 5,400 3,100 5,100 65,200 29,700 21,000 5,000 3,400 67.900 16,500 27:29 Dok "ences What is the amount of Trumpeter's total assets? Multiple Choice < Prev 45 of 50 Next > Taw pe here to search OR
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,400 6,300 2,100 4,900 66,900 30,000 20,500 3,200 3,300 66,200 17,800 What is Trumpeter's net income? Multiple Choice Ο Ο 55 10ο Ο $7100 Ο $4,600 Ο Ο 58,100
The following table contains financial information for Trumpeter Inc., before closing entries: Cash Supplies Prepaid Rent Salary Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,500 4,700 3,300 4,800 66,200 29,700 20,300 3.800 4,300 67,600 15,000 What is Trumpeter's net income? O $5,100 0 $4,600 OOO $6,800 O $7,800
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,400 5,200 2,600 6,100 65,900 29,100 21,900 4,400 4,400 66,200 19,800 What is Trumpeter's net income?
The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,200 5,600 2,500 5,600 65,500 29,500 20,700 3,200 3,600 66,700 16,500 What is Trumpeter's net income?
ID ITIL The following table contains financial information for Trumpter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,600 6,400 3,600 6,100 65,900 28,900 20,200 3,000 4,100 67,100 18,700 What is the amount of Trumpter's total assets?
The following table contains financial information for Trumpeter Inc. Cash Supplies Prepaid Rent Salary Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $13,500 5,600 2,600 5,300 66,700 29,300 21,200 4,100 4,900 67,600 17,200 What is Trumpeter's net income? O $8,700 O $7,700 O $2,800 O $3,300
A company reports the following balances before closing entries: Cash Supplies Prepaid Rent Salary Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings $12,000 4,500 2.000 4,500 65.000 30,000 20,000 3,000 5,000 68,000 8,000 What is the amount of ending Retained Earnings reported in the balance sheet?
The following table contains Michigan Corp.'s adjusted trial balance at December 31st: Cash Supplies Prepaid rent Salaries expense Equipment Service revenue Rent expense Dividends Merchandise revenue Accounts payable Common stock Retained earnings $8,000 $2,000 $4,000 $8,200 $40,000 $21,000 $10,000 $5,000 $8,000 $14,000 ? $6,200 On Michigan's balance sheet, the amount shown for Common stock would make up what percentage of total stockholders' equity? (Enter the percentage as a whole number, ex: 15 not.15)
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