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Answer:
I have attached the excel images of both income statement and stockholder's equity
Income Statement:
Stockholder's equity:
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On December 31, 2021. Fighting Okra Cooking Services reports the following revenues and expenses $ 714...
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue...
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $82,000 1,850 2,750 Rent expense Salaries expense Supplies expense 11,300 31,000 18,000 In addition, the balance of common stock at the beginning of the year was $550,000, and the balance of retained earnings was $46,000. During the year, the company issued additional shares of common stock for $32,000 and paid dividends of $24,000. Required: 1. Prepare an income statement....
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. On December 31,...
On December 31, Fighting Okra Cooking Services reports the
following revenues and expenses.
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. $ Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense 85,000 2,000 2,900 11,600 34,000 19,500 In addition, the balance of common stock at the beginning of the year was $700,000, and the balance of retained earnings was $52,000. During the year, the company issued additional shares of common stock...
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue...
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $89,000 2,200 3,100 12,000 38,000 21,500 Rent expense Salaries expense Supplies expense In addition, the balance of common stock at the beginning of the year was $900,000, and the balance of retained earnings was $60,000. During the year, the company issued additional shares of common stock for $39,000 and paid dividends of $38,000. Required: 1. Prepare an income statement....
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage...
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense $ 71,000 1,100 2,100 10,000 19,000 10,000 In addition, the balance of common stock at the beginning of the year was $150,000, and the balance of retained earnings was $26,000. During the year, the company issued additional sharestof common stock for $20,000 and paid dividends of $10,000, Required: 1. Prepare an income statement FIGHTING...
Saved Help Save & E Chec On December 31, 2021, Fighting Okra Cooking Services reports the...
Saved Help Save & E Chec On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense points $76,000 1,550 2,450 Rent expense Salaries expense Supplies expense 10,700 25,000 15,000 18 02:54:32 brir w In addition, the balance of common stock at the beginning of the year was $250,000, and the balance of retained earnings was $34,000. During the year, the company issued additional shares of common stock for $26,000...
Accounting
On December 31, 2021 fighting okra cooking service reports the following revenues and expenses: Service Revenue 74,000 Postage expense 1400, legal fees 2400, rent Expense 16600, salaries expense 22,000, supplies expense 16000. in addition the balance of common stock at the beginning of the year was 165,000 and the balance of retained earnings was 32000. During the. Year the company issued additional shares of common stock for $26,000 and paid dividends of 16000 prepare an income statement and a statement...
On 31, F+ tpx Exercise 1-10 Link the income statement to the statement of stockholders' equity...
On 31, F+ tpx Exercise 1-10 Link the income statement to the statement of stockholders' equity (L013) On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. $ 78,000 1,650 2,550 10,900 Rent e Supplies expense 16,000 In add shares of common stock for $28,000 and paid dividends of $16,000. S 78,000 O Type here to search
Let's Review On December 31, Wortham Services reports the following year-end amounts. Assets:Cash $11,000 Revenues: Service...
Let's Review On December 31, Wortham Services reports the following year-end amounts. Assets:Cash $11,000 Revenues: Service $85,000 Accts. rec. Buildings 19,000 32,000 Expenses: Advertising 12,000 Insurance 18,000 44,000 Liabilities: Salaries payable 5,000 Notes payable 20,000 Salaries Additional information: a. The balance of retained earnings at the beginning of the year is $6,000. b. The company pays dividends of $5,000 on December 31. c. Common stock is $20,000 at the beginning of the year, and $5,000 of additional shares are issued...
Credits $ BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 15,300 Accounts...
Credits $ BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 15,300 Accounts Receivable 24,300 Supplies 31,300 Prepaid Insurance 6,300 Equipment 537,500 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 25,300 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 153,000 Supplies Expense 278,000 Depreciation Expense 43,000 Insurance Expense 24,300 Utilities Expense 41,300 Interest Expense 7,800 Service Fee Expense 66,000 Totals $1,253,400 172,000 30,300 27. 309 4.300 130,000...
Required information [The following information applies to the questions displayed below. The December 31, 2021, adjusted...
Required information [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,800 4,589 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Sto Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $120,000 10,500 9,500 3,500 25,000 150,000 45,000 350,000 250,000...
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $82,000 1,850 2,750 Rent expense Salaries expense Supplies expense 11,300 31,000 18,000 In addition, the balance of common stock at the beginning of the year was $550,000, and the balance of retained earnings was $46,000. During the year, the company issued additional shares of common stock for $32,000 and paid dividends of $24,000. Required: 1. Prepare an income statement....
On December 31, Fighting Okra Cooking Services reports the
following revenues and expenses.
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. $ Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense 85,000 2,000 2,900 11,600 34,000 19,500 In addition, the balance of common stock at the beginning of the year was $700,000, and the balance of retained earnings was $52,000. During the year, the company issued additional shares of common stock...
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $89,000 2,200 3,100 12,000 38,000 21,500 Rent expense Salaries expense Supplies expense In addition, the balance of common stock at the beginning of the year was $900,000, and the balance of retained earnings was $60,000. During the year, the company issued additional shares of common stock for $39,000 and paid dividends of $38,000. Required: 1. Prepare an income statement....
On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense $ 71,000 1,100 2,100 10,000 19,000 10,000 In addition, the balance of common stock at the beginning of the year was $150,000, and the balance of retained earnings was $26,000. During the year, the company issued additional sharestof common stock for $20,000 and paid dividends of $10,000, Required: 1. Prepare an income statement FIGHTING...
Saved Help Save & E Chec On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense points $76,000 1,550 2,450 Rent expense Salaries expense Supplies expense 10,700 25,000 15,000 18 02:54:32 brir w In addition, the balance of common stock at the beginning of the year was $250,000, and the balance of retained earnings was $34,000. During the year, the company issued additional shares of common stock for $26,000...
On 31, F+ tpx Exercise 1-10 Link the income statement to the statement of stockholders' equity (L013) On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. $ 78,000 1,650 2,550 10,900 Rent e Supplies expense 16,000 In add shares of common stock for $28,000 and paid dividends of $16,000. S 78,000 O Type here to search
Let's Review On December 31, Wortham Services reports the following year-end amounts. Assets:Cash $11,000 Revenues: Service $85,000 Accts. rec. Buildings 19,000 32,000 Expenses: Advertising 12,000 Insurance 18,000 44,000 Liabilities: Salaries payable 5,000 Notes payable 20,000 Salaries Additional information: a. The balance of retained earnings at the beginning of the year is $6,000. b. The company pays dividends of $5,000 on December 31. c. Common stock is $20,000 at the beginning of the year, and $5,000 of additional shares are issued...
Credits $ BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash $ 15,300 Accounts Receivable 24,300 Supplies 31,300 Prepaid Insurance 6,300 Equipment 537,500 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 25,300 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 153,000 Supplies Expense 278,000 Depreciation Expense 43,000 Insurance Expense 24,300 Utilities Expense 41,300 Interest Expense 7,800 Service Fee Expense 66,000 Totals $1,253,400 172,000 30,300 27. 309 4.300 130,000...
Required information [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,800 4,589 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Sto Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $120,000 10,500 9,500 3,500 25,000 150,000 45,000 350,000 250,000...
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