Homework Answers
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Sentinel Travel Service Statement of Owner's Equity For The Year Ended August 31, 2019 |
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| Barb Schroeder, capital as of September 1, 2018 | $215,000 | |
| Add: Net income | $215,475 | |
| Additional investment | 47,900 | |
| Less: Withdrawals | (30,300) | |
| Increase in owner's equity | 233,075 | |
| Barb Schroeder, capital as of August 31, 2019 | $448,075 | |
Working notes:
| Fees earned | $798,055 |
| Less: Expenses: | |
| Office expenses | (183,555) |
| Miscellaneous expense | (15,960) |
| Wages expenses | (383,065) |
| Net income | $215,475 |
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Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended...
W Slack I generalE.. Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service...
W Slack I generalE.. Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned Office expense Miscellaneous expense $875,100 201,275 17,500 Wages expense 420,050 Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $52,500 in the business during the year and withdrew cash of $33,300 for personal use. Barb Schroeder, capital as of September 1, 2018, was...
PE 1-4B Income statement OBJ. 5 The revenues and expenses of Sentinel Travel Service for the...
PE 1-4B Income statement OBJ. 5 The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $750,000 Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Prepare an income statement for the year ended August 31, 2019. PE 1-5B Statement of owner's equity OBJ. 5 Using the income statement for Sentinel Travel Service shown in Practice Exercise 1-4B, prepare a statement of owner's equity for the year ended August 31, 2019. Barb...
eBook Show Me How Calculator Print Item Statement of Owner's Equity The revenues and expenses of...
eBook Show Me How Calculator Print Item Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees eamed Office expense Miscellaneous expense $898,710 206,705 17,975 431,380 Wages expense Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $53,900 in the business during the year and withdrew cash of $34,200 for personal use. Barb Schroeder, capital as of September...
Balance Sheet The account balances of Sentinel Travel Service for the year ended August 31, 2019,...
Balance Sheet The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned $750,000 Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Accounts payable 44,600 Accounts receivable 75,500 Cash 45,400 Land 310,000 Supplies 4,700 Barb Schroeder, the owner, invested an additional $36,000 in the business during the year and withdrew cash of $18,000 for personal use. Barb Schroeder, capital as of September 1, 2018, was $380,000. Prepare a balance sheet as...
prepare a statement of owners equity for the year ended august 31, 2019 ress Rese Starbucks...
prepare a statement of owners equity for the year ended august
31, 2019
ress Rese Starbucks Cor... OneLogin Course Schedu. Cengage X CengagisW .. Citation Machi.. how to calculat. eBook Show Me How Calculator Print Item Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned Office expense Miscellaneous expense Wages expense $983,960 226,310 19,680 472,300 Prepare a statement of owner's equity for the year ended August 31,...
eBook Show Me How Calculator Print Item The account balances of Sentinel Travel Service for the...
eBook Show Me How Calculator Print Item The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned $934,280 Office expense 214,885 Miscellaneous expense 18,685 Wages expense 448,455 Accounts receivable 65,400 Accounts payable 23,355 Cash 172,600 Land 299,000 Supplies 11,210 Barb Schroeder, the owner, invested an additional $56,100 in the business during the year and withdrew cash of $35,500 for personal use. Barb Schroeder, capital as of September 1, 2018, was $252,000...
Income Statement The revenues and expenses of Sentinel Travel Service for the year ended August 31,...
Income Statement The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $762,490 175,375 Office expense Miscellaneous expense 15,250 Wages expense 365,995 Prepare an income statement for the year ended August 31, 2019. Sentinel Travel Service Income Statement For the Year Ended August 31, 2019 Expenses: Total expenses
PE 1-4B Income statement OBJ. 5 The revenues and expenses of Sentinel Travel Service for the...
PE 1-4B Income statement OBJ. 5 The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: $750,000 Fees earned Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Prepare an income statement for the year ended August 31, 2019.
Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended...
Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees eamed $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 20YS. Prepare a statement of stockholders'...
Retained Earnings Statement The revenues and expenses of Paradise Travel Service for the year ended May...
Retained Earnings Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018 follow: Accounts: Fees Earned: $818,000 Office Expense: $296,000 Miscellaneous expense: $10,400 Wages Expense: $450,600 Everett McCauley invested an additional $37,000 in the business in exchange for common stock, and $15,600 of the dividends were paid during the year. Retained earning as of June 1, 2017 were $380,000
W Slack I generalE.. Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned Office expense Miscellaneous expense $875,100 201,275 17,500 Wages expense 420,050 Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $52,500 in the business during the year and withdrew cash of $33,300 for personal use. Barb Schroeder, capital as of September 1, 2018, was...
PE 1-4B Income statement OBJ. 5 The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $750,000 Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Prepare an income statement for the year ended August 31, 2019. PE 1-5B Statement of owner's equity OBJ. 5 Using the income statement for Sentinel Travel Service shown in Practice Exercise 1-4B, prepare a statement of owner's equity for the year ended August 31, 2019. Barb...
eBook Show Me How Calculator Print Item Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees eamed Office expense Miscellaneous expense $898,710 206,705 17,975 431,380 Wages expense Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $53,900 in the business during the year and withdrew cash of $34,200 for personal use. Barb Schroeder, capital as of September...
Balance Sheet The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned $750,000 Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Accounts payable 44,600 Accounts receivable 75,500 Cash 45,400 Land 310,000 Supplies 4,700 Barb Schroeder, the owner, invested an additional $36,000 in the business during the year and withdrew cash of $18,000 for personal use. Barb Schroeder, capital as of September 1, 2018, was $380,000. Prepare a balance sheet as...
prepare a statement of owners equity for the year ended august
31, 2019
ress Rese Starbucks Cor... OneLogin Course Schedu. Cengage X CengagisW .. Citation Machi.. how to calculat. eBook Show Me How Calculator Print Item Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned Office expense Miscellaneous expense Wages expense $983,960 226,310 19,680 472,300 Prepare a statement of owner's equity for the year ended August 31,...
eBook Show Me How Calculator Print Item The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned $934,280 Office expense 214,885 Miscellaneous expense 18,685 Wages expense 448,455 Accounts receivable 65,400 Accounts payable 23,355 Cash 172,600 Land 299,000 Supplies 11,210 Barb Schroeder, the owner, invested an additional $56,100 in the business during the year and withdrew cash of $35,500 for personal use. Barb Schroeder, capital as of September 1, 2018, was $252,000...
Income Statement The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $762,490 175,375 Office expense Miscellaneous expense 15,250 Wages expense 365,995 Prepare an income statement for the year ended August 31, 2019. Sentinel Travel Service Income Statement For the Year Ended August 31, 2019 Expenses: Total expenses
PE 1-4B Income statement OBJ. 5 The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: $750,000 Fees earned Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Prepare an income statement for the year ended August 31, 2019.
Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees eamed $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 20YS. Prepare a statement of stockholders'...
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