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I need help with 11-14
Use the following to answer questions 11 - 14 TR Corp...
WE Chapter Home Submit your answers in CANVAS before When inputting your answers in CANVAS do...
WE Chapter Home Submit your answers in CANVAS before When inputting your answers in CANVAS do not include $ signs or commas in your answers. DO NOT include words in your answer unless specifically asked. For each item, determine the type of account Anet t , Stockhorst , Dividends, Revenue or Expense) and the type of activity Operating investing or Financingl. When answering the question, Input ONLY the first letter, for examples of the answer was Liability input as the...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
I need help with 23-28 Use the following to answer questions 23 - 28 On-the-Go Foods...
I need help with 23-28
Use the following to answer questions 23 - 28 On-the-Go Foods provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: Cash Food trucks Maintenance expense Note payable Service revenue Food expense $30,000 300,000 33,000 150,000 650,000 300,000 Accounts payable Garage/Office Salaries expense Salaries payable Paper supplies used Paper supplies $12,000 734,000 175,000 15,000 4,500 500 In addition, the company had common stock of $500,000 at...
I need help with 33-40 Use the following to answer questions 33 - 40 Income Statement...
I need help with 33-40
Use the following to answer questions 33 - 40 Income Statement Revenues #33 Expenses: Salaries Administrative Utilities Total expenses Net income $456,000 245,000 8,000 Statement of Stockholders' Equity Common stock Retained earnings Beginning $450,000 $321,000 Issuance #35 Net income 210,000 Dividends #36 Ending $500.000 $501.000 709,000 #34 Assets $25,000 30,000 $14,000 250,000 $264,000 #37 Cash A/R Supplies Prepaid rent Equipment Building Balance Sheet Liabilities Accounts payable Notes payable Total liabilities Stockholders' Equity Common stock Retained...
I need help with 34-39 Use the following to answer questions 34 - 36 The year-end...
I need help with 34-39
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense Rent expense Interest expense Dividends $300,000 450,000 250,000 20,000 5,000 75,000 Prepare the closing entries. 34. $_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. $ In preparing the closing entries for the temporary accounts, how much should...
answer each question with an explnation of each answer please the rest of question 11 9....
answer each question with an explnation of each answer
please
the rest of question 11
9. Multiple Choice Question 102 Which of the following statements is true? a. Amounts received from issuing stock are revenues. b. Amounts received from issued stock are reported on the income statement. Amounts paid out as dividends are not expenses. Amounts paid out as dividends are reported on the income statement. C. d. Answer: 10. Multiple Choice Question 112 An income statement I reports the...
hi I need help with these questions... thanks DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
If someone could help with these practice questions before my first exam, I would aporeciate it....
If someone could help with these practice questions before my
first exam, I would aporeciate it.
ndatory Saved Help Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $30,000; Liabilities = $17,000; Dividends = $1,000; Revenues = $10,000; Expenses = $7,000 Required: 1. Calculate net income. Net Income 2. Calculate stockholders' equity at the end of the period. Stockholders' equity
I need help with 28-31 Use the following to answer questions 28 - 35 TR Corporation...
I need help with 28-31
Use the following to answer questions 28 - 35 TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 500,000 Cash Accounts receivable Supplies Prepaid expenses | Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense...
I need help with 32-35 TR Corporation has provided their trial balance at the end of...
I need help with 32-35
TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 Cash Accounts receivable Supplies Prepaid expenses Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 500,000 250,000 95,800 689,000 325,000 12,000 150,000 5,000 35,000 18,000...
WE Chapter Home Submit your answers in CANVAS before When inputting your answers in CANVAS do not include $ signs or commas in your answers. DO NOT include words in your answer unless specifically asked. For each item, determine the type of account Anet t , Stockhorst , Dividends, Revenue or Expense) and the type of activity Operating investing or Financingl. When answering the question, Input ONLY the first letter, for examples of the answer was Liability input as the...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
I need help with 23-28
Use the following to answer questions 23 - 28 On-the-Go Foods provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: Cash Food trucks Maintenance expense Note payable Service revenue Food expense $30,000 300,000 33,000 150,000 650,000 300,000 Accounts payable Garage/Office Salaries expense Salaries payable Paper supplies used Paper supplies $12,000 734,000 175,000 15,000 4,500 500 In addition, the company had common stock of $500,000 at...
I need help with 33-40
Use the following to answer questions 33 - 40 Income Statement Revenues #33 Expenses: Salaries Administrative Utilities Total expenses Net income $456,000 245,000 8,000 Statement of Stockholders' Equity Common stock Retained earnings Beginning $450,000 $321,000 Issuance #35 Net income 210,000 Dividends #36 Ending $500.000 $501.000 709,000 #34 Assets $25,000 30,000 $14,000 250,000 $264,000 #37 Cash A/R Supplies Prepaid rent Equipment Building Balance Sheet Liabilities Accounts payable Notes payable Total liabilities Stockholders' Equity Common stock Retained...
I need help with 34-39
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense Rent expense Interest expense Dividends $300,000 450,000 250,000 20,000 5,000 75,000 Prepare the closing entries. 34. $_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. $ In preparing the closing entries for the temporary accounts, how much should...
answer each question with an explnation of each answer
please
the rest of question 11
9. Multiple Choice Question 102 Which of the following statements is true? a. Amounts received from issuing stock are revenues. b. Amounts received from issued stock are reported on the income statement. Amounts paid out as dividends are not expenses. Amounts paid out as dividends are reported on the income statement. C. d. Answer: 10. Multiple Choice Question 112 An income statement I reports the...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
If someone could help with these practice questions before my
first exam, I would aporeciate it.
ndatory Saved Help Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $30,000; Liabilities = $17,000; Dividends = $1,000; Revenues = $10,000; Expenses = $7,000 Required: 1. Calculate net income. Net Income 2. Calculate stockholders' equity at the end of the period. Stockholders' equity
I need help with 28-31
Use the following to answer questions 28 - 35 TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 500,000 Cash Accounts receivable Supplies Prepaid expenses | Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense...
I need help with 32-35
TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 Cash Accounts receivable Supplies Prepaid expenses Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 500,000 250,000 95,800 689,000 325,000 12,000 150,000 5,000 35,000 18,000...
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