Homework Answers
| Vaughn Manufacturing | ||
| Retained Earnings statement | ||
| for the year ended December 31, 2017 | ||
| Retained Earnings, january 1 | $6,400 | |
| add : service revenue | $168,960 | |
| : sales revenue | 32000 | |
| :expenses | -161280 | 39680 |
| 46080 | ||
| less: dividend | -11520 | |
| Retained Earnings,Decembler 31 | 34560 | |
| 31-Dec-17 | ||
| assets | $ | |
| Cash | $10,880 | |
| supplies | 7040 | |
| Equipment | 145920 | |
| Total assets | 163840 | |
| Liabilities and stockholders' equity | ||
| liabilities | ||
| note payable | $64,000 | |
| account payable | 14080 | |
| total liabilities | 78080 | |
| Stockholders' equity | ||
| common stock | $51,200 | |
| Retained earning | 34560 | |
| total stockholders equity | 85760 | |
| total liabilities and stockholders' equity | 163840 |
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Question 7 View Policies Show Attempt History Current Attempt in Progress Vaughn Manufacturing is a private...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $170,000 Dividends Sales revenue (from general store) Accounts payable $12,600 70,000 156,600 7,700 56,000 7,000 30,000 Notes payable 15,400 Expenses during 2022 11,900 Supplies 159,600 Common stock Retained earnings (1/1/2022) Cash Equipment Your answer is incorrect. Determine...
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Question 7 View Policies Show Attempt History Current Attempt in Progress – Your answer is partially...
Question 7 View Policies Show Attempt History Current Attempt in Progress – Your answer is partially correct. The following information is available for Carla Vista Co. Accounts receivable $2,300 Cash Accounts payable 4.400 Supplies Interest payable 520 Unearned service revenue Salaries and wages expense 5.100 Service revenue Notes payable 32.500 Salaries and wages payable Common stock 55,700 Depreciation expense Inventory 2.880 Equipment (net) $6,230 3,770 900 42,700 890 780 108,500 Using the information above, prepare a balance sheet as of...
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Answers? Skysong, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has...
Answers?
Skysong, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) $145,200 Dividends $9,900 Sales revenue (from general store) 27,500 Notes payable 55,000 Accounts payable 12,100 Expenses during 2017 138,600 Cash 9,350 Supplies 6,050 Equipment 125,400 Common stock 44,000 5,500 Retained earnings (1/1/2017) Determine Skysong, Inc.'s net income for 2017. Skysong, Inc's net income for 2017 $ Prepare a retained...
Question 15 View Policies Current Attempt in Progress Use the following data to determine the total...
Question 15 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as current assets. Nash's Trading Post, LLC Balance Sheet December 31, 2017 Cash $195000 $185000 140000 Accounts payable Salaries and wages payable Accounts receivable 25000 Inventory 150000 Mortgage payable 225000 Prepaid insurance 85000 Total liabilities $445000 Stock investments (long-term) 250000 Land 250000 Buildings $300000 Common stock $335000 Less: Accumulated depreciation (55000) 245000 Retained earnings 725000 Trademarks 200000...
Question 3 View Policies Show Attempt History Current Attempt in Progress Presented below is selected information...
Question 3 View Policies Show Attempt History Current Attempt in Progress Presented below is selected information related to Tamaris, Inc. ht December 31, 2019. Tamarisk. Inc. reports financial information monthly Accounts Payable $3,900 Salaries and Wages Expense 11.700 Notes Payable $21,450 32.500 Cash Advertising Expense Service Revenue pense 12.40 7,800 Rent Expense 70,200 Accounts Receivable 37.700 Dividends Equipment Your Answer Correct Answer ✓ Your answer is correct. Determine the total assets of Tamarisk, Inc. at December 31, 2019 Total assets...
thank you! LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of...
thank you!
LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of Cullumber Company are presented here CULLUMBER COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit $1,891,640 $1,751,600 1,059,640 1,007,100 832,000 744.500 501,100 _480,100 330,900 264,400 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 23.700_21.700 307.200 242,700 93.700 74.700 $ 213.500 $168.000 Income tax expense Net...
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Answers?
Skysong, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) $145,200 Dividends $9,900 Sales revenue (from general store) 27,500 Notes payable 55,000 Accounts payable 12,100 Expenses during 2017 138,600 Cash 9,350 Supplies 6,050 Equipment 125,400 Common stock 44,000 5,500 Retained earnings (1/1/2017) Determine Skysong, Inc.'s net income for 2017. Skysong, Inc's net income for 2017 $ Prepare a retained...
Question 15 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as current assets. Nash's Trading Post, LLC Balance Sheet December 31, 2017 Cash $195000 $185000 140000 Accounts payable Salaries and wages payable Accounts receivable 25000 Inventory 150000 Mortgage payable 225000 Prepaid insurance 85000 Total liabilities $445000 Stock investments (long-term) 250000 Land 250000 Buildings $300000 Common stock $335000 Less: Accumulated depreciation (55000) 245000 Retained earnings 725000 Trademarks 200000...
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thank you!
LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of Cullumber Company are presented here CULLUMBER COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit $1,891,640 $1,751,600 1,059,640 1,007,100 832,000 744.500 501,100 _480,100 330,900 264,400 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 23.700_21.700 307.200 242,700 93.700 74.700 $ 213.500 $168.000 Income tax expense Net...
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