Homework Answers
| Boston Advertising Services | ||
| Statement of Retained Earnings | ||
| Year Ended December 31, 2018 | ||
| Retained Earnings, January 1, 2018 | $37,400 | |
| Less: Net loss for the year | $6,900 | |
| Less: Dividends | $20,500 | |
| Retained Earnings, December 31, 2018 | $10,000 | |
| Working | ||
| Boston Advertising Services | ||
| Income Statement | ||
| For the Year Ended December 31, 2018 | ||
| Revenue | ||
| Service revenue | $44,500 | |
| Expenses | ||
| Salaries expense | $27,000 | |
| Supplies expense | $8,800 | |
| Depreciation expense - Building | $2,300 | |
| Depreciation expense - Furniture | $500 | |
| Advertising expense | $12,800 | |
| Total expenses | $51,400 | |
| Net Loss | -$6,900 | |
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prepare the statement of retained earnings of the year ending
December 31, 2018
2. Prepare the...
Prepare the Income Statement for the year ending Dec 31,2018. plete) This Qu Data Table Green...
Prepare the Income Statement for the year ending Dec 31,2018.
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Debit Credit $14,000 15,800 6,500 18,400 47,900 Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation--Furniture Accounts Payable $ 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 Salaries Payable Unearned Revenue Common Stock llRetained Farninns arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts...
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o...
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Office Supplies Land Debit Credit $14,000 15,800 6,500 18,400 47,900 Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-- Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Farninns s 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings...
The adjusted trial balance of Bennett Irrigation System at December 31, 2018, follows: Requirement 1. Prepare...
The adjusted trial balance of Bennett Irrigation System at
December 31, 2018, follows:
Requirement 1. Prepare the company's income statement for the
year ended December 31, 2018.
(If a box is not used in the statement, leave the box empty;
do not select a label or enter a zero. Use a minus sign or
parentheses to show a net loss.)
Requirement 2. Prepare the company's statement of retained
earnings for the year ended December 31, 2018.
Enter any increases in...
) Prepare the income statement for the year ended December 31. (2) Prepare the statement of...
)
Prepare the income statement for the year ended December 31. (2)
Prepare the statement of retained earnings for the year ended
December 31
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cred Debit $ 6,600 16,500 2,000 183,000 $ 37,698 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense...
Data Table Advisers at December 31, 2018 bint of retained earnings, and the classified balance sheet...
Data Table Advisers at December 31, 2018 bint of retained earnings, and the classified balance sheet in accoun 2018 worksheet. Complete the works Income Statement and Balance with the adjustment letter references-(a), (b), (c) etc.-into the bedDepr = depreciation. Ex expense, It = long term, Paypal 1 More info Fawn Investment Advisers Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 32,000 Accounts Receivable 45,000 Office Supplies 6,000 Equipment 26.000 Accumulated Depreciation Equipment 19,000 Accounts Payable 20,000...
Prepare the classified balance sheet in account format on December 31, 2018. (if a box is...
Prepare the classified balance sheet in account format on December 31, 2018. (if a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero.) Review the Balance Sheet columns of the worksheet completed in Requirement 1. Review the Statement of Retained Earnings completed above Furry Investment Advisers Balance Sheet December 31, 2018 Assets Liabilities Stockholders' Equity Less Choose from any list or enter any number in the input fields...
Required: a. Use the adjusted trial balance to prepare the December 31, 2018, year-end income statement....
Required:
a. Use the adjusted trial balance to prepare
the December 31, 2018, year-end income statement.
b. Use the adjusted trial balance to prepare
the December 31, 2018, year-end statement of retained earnings.
c. Use the adjusted trial balance to prepare
the December 31, 2018, year-end balance sheet.
QS 3-19 Preparing financial statements LO P3 The adjusted trial balance for Zahurak Company follows. No. 101 106 153 154 183 201 209 233 307 318 Adjusted Trial Balance December 31, 2018...
Problem 1-63A (Algorithmic) Income Statement, Retained Earnings Statement, and Balance Sheet The following information relates to...
Problem 1-63A (Algorithmic) Income Statement, Retained Earnings Statement, and Balance Sheet The following information relates to Ashton Appliances for 2019. Accounts payable $16,800 Accounts receivable 70,300 Accumulated depreciation (building) 106,200 Accumulated depreciation (furniture) 27,600 Bonds payable (due in 7 years) 192,000 Building 300,000 Cash 41,450 Common stock 115,620 Cost of goods sold 511,350 Depreciation expense (building) 11,050 Depreciation expense (furniture) 12,000 Furniture 130,000 Income taxes expense 16,650 Income taxes payable 11,400 Insurance expense 36,610 Interest expense 15,500 Inventory 59,850 Other...
Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase...
Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase...
Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) CULLUMBER COMPANY Retained Earnings Statement $ < $ These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages...
Prepare the Income Statement for the year ending Dec 31,2018.
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Debit Credit $14,000 15,800 6,500 18,400 47,900 Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation--Furniture Accounts Payable $ 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 Salaries Payable Unearned Revenue Common Stock llRetained Farninns arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts...
plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Office Supplies Land Debit Credit $14,000 15,800 6,500 18,400 47,900 Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-- Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Farninns s 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 arenth Print Done Data Table Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings...
The adjusted trial balance of Bennett Irrigation System at
December 31, 2018, follows:
Requirement 1. Prepare the company's income statement for the
year ended December 31, 2018.
(If a box is not used in the statement, leave the box empty;
do not select a label or enter a zero. Use a minus sign or
parentheses to show a net loss.)
Requirement 2. Prepare the company's statement of retained
earnings for the year ended December 31, 2018.
Enter any increases in...
)
Prepare the income statement for the year ended December 31. (2)
Prepare the statement of retained earnings for the year ended
December 31
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cred Debit $ 6,600 16,500 2,000 183,000 $ 37,698 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense...
Data Table Advisers at December 31, 2018 bint of retained earnings, and the classified balance sheet in accoun 2018 worksheet. Complete the works Income Statement and Balance with the adjustment letter references-(a), (b), (c) etc.-into the bedDepr = depreciation. Ex expense, It = long term, Paypal 1 More info Fawn Investment Advisers Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 32,000 Accounts Receivable 45,000 Office Supplies 6,000 Equipment 26.000 Accumulated Depreciation Equipment 19,000 Accounts Payable 20,000...
Prepare the classified balance sheet in account format on December 31, 2018. (if a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero.) Review the Balance Sheet columns of the worksheet completed in Requirement 1. Review the Statement of Retained Earnings completed above Furry Investment Advisers Balance Sheet December 31, 2018 Assets Liabilities Stockholders' Equity Less Choose from any list or enter any number in the input fields...
Required:
a. Use the adjusted trial balance to prepare
the December 31, 2018, year-end income statement.
b. Use the adjusted trial balance to prepare
the December 31, 2018, year-end statement of retained earnings.
c. Use the adjusted trial balance to prepare
the December 31, 2018, year-end balance sheet.
QS 3-19 Preparing financial statements LO P3 The adjusted trial balance for Zahurak Company follows. No. 101 106 153 154 183 201 209 233 307 318 Adjusted Trial Balance December 31, 2018...
Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) CULLUMBER COMPANY Retained Earnings Statement $ < $ These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages...
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