Homework Answers
1. Screenshot 1 is Income statement
2. Retained earnings balance is $103,500
3. Balance sheet as at 12/31/2018 shown below
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Land $ 4,000 Common Stock $ 27,000 Accounts Payable Notes Payable Property Tax Expense Dividends 17,000...
Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018....
Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018. (Click the icon to view the accounts.) Requirements Prepare Golden City's Barbershop's income statement Prepare the statement of retained carnings 3. Prepare the balance sheet 2. Golden City Barbershop Income Statement Year Ended December 31, 2018 Revenue $ 192,000 Data Table Service Revenue Expenses Property Tax expenso Rent Expense Salaries Expense Advertising Expense S $ 3,200 11,000 68,000 20,000 2,400 6,900 Common Stock Accounts...
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service...
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $17,500 1,300 24,500 12,000 9,500 11,500 30,500 4,300 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets s Cash 4,300 Accounts payable Equipment Total liabilities Stockholders' Equity 12,000 Common stock Retained earnings + Total stockholders' equity Total liabilities and stockholders' equity 12.000 13,300 Total assets $ 21,800 $
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash...
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 eBook Required: Use only the appropriate accounts to prepare a balance sheet. Hint WOLFPACK CONSTRUCTION Balance Sheet December 31 Print Assets Liabilities $ 3,0 $ References Cash Land Equipment 6,000 Accounts payable 18,000 Notes payable 20,0 26,000 Total liabilities Stockholders' Equity Common stock Retained earnings 16. Total stockholders' equity null $
Presented here are the accounts of Dog Gone It Daycare for the year ended December 31,...
Presented here are the accounts of Dog Gone It Daycare for the year ended December 31, 2018. (Click the icon to view the accounts.) Requirements 1. Prepare Dog Gone It Daycare's income statement. 2. Prepare the statement of retained earnings. 3. Prepare the balance sheet. Requirement 1. Prepare Dog Gone It Daycare's income statement. (Check your spelling carefully and do not abbreviate. When applicable, use only the account names pro problem statement.) Dog Gone It Daycare Statement of Retained Earnings...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
This Test: 100 pts possi s Question: 50 pts 2 of 2 (1 complete) Data Table...
This Test: 100 pts possi s Question: 50 pts 2 of 2 (1 complete) Data Table esented here are the accounts of Golden City Barbershop for the year ended December 31 18. (Click the icon to view the accounts.) Common Stock 29,000 11.000 S Land 11.000 Accounts Payable Notes Payable 31.000 1.000 3000 Accounts Receivable Property Tax Expense Requirement 1. Prepare Golden City's Barbershop's income statement 18,000 Advertising Expense 35,000 Dividends 126,000 Bulding 11.000 Rent Expense 2,600 Cash 62.000 Salaries...
Credit Debit $ 8,000 17,500 3,000 172,000 $ 36,000 85, eee Account Title Cash Accounts receivable...
Credit Debit $ 8,000 17,500 3,000 172,000 $ 36,000 85, eee Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 12,000 4,000 53,000 20,000 155,000 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000 (1) Prepare the income statement for the year ended December 31, 2018. (2) Prepare the statement of...
Cash Accounts receivable Equipment Accounts payable Conmon stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec....
Cash Accounts receivable Equipment Accounts payable Conmon stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,800 10,880 7,809 6,800 15,909 13,500 5,800 7,800 14,800 36,600 25,680 21,800 13,800 9,800 Required: Prepare a year-end balance sheet for Armani Company Balance Sheet December 31, 2017 Assets Liabilities Cash $ 11,800 Accounts payable $ 15,900 Accounts receivable 10,800 7,800 Total labilities 15,900 Equity stock 13,500 7,800 etained...
Account Balance Account Balance Dividends. ..................$ 3,100 Common stock......... S 17,100 Utilities expense 1,500 Accounts payable...
Account Balance Account Balance Dividends. ..................$ 3,100 Common stock......... S 17,100 Utilities expense 1,500 Accounts payable 4,300 Accounts receivable 6,000 Service revenue 20,900 Delivery expense 500 Equipment 29,200 Retained earnings.... 5,800 Note payable 20,000 Salary expense 8,800 Cash 19,000 Trial Balance April 30, 2018 Account Cash Accounts receivable Equipment Accounts payable Note payable Common stock Retained earnings Dividends Service revenue Balance Debit Credit 19,000 6,000 29,200 4,300 20,000 17,100 5,800 3,100 20,900 Salary expense Utilities expense 8,800 1,500 500 Delivery...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense...
nse Common Stock Cash Dividends Service Revenue Land Miscellaneous Expense Supplies Supplies Expense Wages Expense Points: Feedback Check My Work Explanation none X Financial Statements A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one...
Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018. (Click the icon to view the accounts.) Requirements Prepare Golden City's Barbershop's income statement Prepare the statement of retained carnings 3. Prepare the balance sheet 2. Golden City Barbershop Income Statement Year Ended December 31, 2018 Revenue $ 192,000 Data Table Service Revenue Expenses Property Tax expenso Rent Expense Salaries Expense Advertising Expense S $ 3,200 11,000 68,000 20,000 2,400 6,900 Common Stock Accounts...
WHOLLUISUULUUIOS LIETUVIN OLLUUII UOIO Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $17,500 1,300 24,500 12,000 9,500 11,500 30,500 4,300 Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets s Cash 4,300 Accounts payable Equipment Total liabilities Stockholders' Equity 12,000 Common stock Retained earnings + Total stockholders' equity Total liabilities and stockholders' equity 12.000 13,300 Total assets $ 21,800 $
0.12 points Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 eBook Required: Use only the appropriate accounts to prepare a balance sheet. Hint WOLFPACK CONSTRUCTION Balance Sheet December 31 Print Assets Liabilities $ 3,0 $ References Cash Land Equipment 6,000 Accounts payable 18,000 Notes payable 20,0 26,000 Total liabilities Stockholders' Equity Common stock Retained earnings 16. Total stockholders' equity null $
Presented here are the accounts of Dog Gone It Daycare for the year ended December 31, 2018. (Click the icon to view the accounts.) Requirements 1. Prepare Dog Gone It Daycare's income statement. 2. Prepare the statement of retained earnings. 3. Prepare the balance sheet. Requirement 1. Prepare Dog Gone It Daycare's income statement. (Check your spelling carefully and do not abbreviate. When applicable, use only the account names pro problem statement.) Dog Gone It Daycare Statement of Retained Earnings...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
This Test: 100 pts possi s Question: 50 pts 2 of 2 (1 complete) Data Table esented here are the accounts of Golden City Barbershop for the year ended December 31 18. (Click the icon to view the accounts.) Common Stock 29,000 11.000 S Land 11.000 Accounts Payable Notes Payable 31.000 1.000 3000 Accounts Receivable Property Tax Expense Requirement 1. Prepare Golden City's Barbershop's income statement 18,000 Advertising Expense 35,000 Dividends 126,000 Bulding 11.000 Rent Expense 2,600 Cash 62.000 Salaries...
Credit Debit $ 8,000 17,500 3,000 172,000 $ 36,000 85, eee Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 12,000 4,000 53,000 20,000 155,000 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000 (1) Prepare the income statement for the year ended December 31, 2018. (2) Prepare the statement of...
Cash Accounts receivable Equipment Accounts payable Conmon stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,800 10,880 7,809 6,800 15,909 13,500 5,800 7,800 14,800 36,600 25,680 21,800 13,800 9,800 Required: Prepare a year-end balance sheet for Armani Company Balance Sheet December 31, 2017 Assets Liabilities Cash $ 11,800 Accounts payable $ 15,900 Accounts receivable 10,800 7,800 Total labilities 15,900 Equity stock 13,500 7,800 etained...
Account Balance Account Balance Dividends. ..................$ 3,100 Common stock......... S 17,100 Utilities expense 1,500 Accounts payable 4,300 Accounts receivable 6,000 Service revenue 20,900 Delivery expense 500 Equipment 29,200 Retained earnings.... 5,800 Note payable 20,000 Salary expense 8,800 Cash 19,000 Trial Balance April 30, 2018 Account Cash Accounts receivable Equipment Accounts payable Note payable Common stock Retained earnings Dividends Service revenue Balance Debit Credit 19,000 6,000 29,200 4,300 20,000 17,100 5,800 3,100 20,900 Salary expense Utilities expense 8,800 1,500 500 Delivery...
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