Homework Answers
| Account | Financial Statements |
|---|---|
| Cash Asset |
BS, SCF |
| Expenses | IS |
| Non Cash Asset |
BS |
| Contributed Capital |
SE |
| Cash Outflow for capital expenditure | BS, SCF |
| Retained Earning | SE |
| cash inflow for stock insured |
IS, SCF |
| cash outflow for dividneds | SCF, SE |
| Net Income | IS, SE |
Add Answer to:
tek Print 3 correct an out of 100 g Identifying Financial Statement une items and Accounts...
Identify the financial statements in which you would find each of the items listed below. Some...
Identify the financial statements in which you would find each of the items listed below. Some items may appear on more than one statement. Indicate all financial statements that apply to each item. The possible choices are: B : Balance Sheet SE : Statement of Stockholders’ Equity I : Income Statement CF : Statement of Cash Flows Financial Statement Item Financial Statement a. Cost of goods sold b. Trademarks c. Inventories d. Retained earnings e. Unearned revenue f. Cash...
5. The following are accounts reported in the financial statements: A. Balance Sheet B. Income Statement...
5. The following are accounts reported in the financial statements: A. Balance Sheet B. Income Statement C. Statement of Stockholders' Equity Indicate where each of the following accounts is reported in the financial statements using the letters above. (Identify all reports that may apply for each item below.) II. Identify if the account is permanent(P) or temporary (T). Fill in lists below for items I and II Notes Receivable Cash & Cash Equivalents Dividends Accounts Payable Salary Expense Unearned Rent...
5. Which of the following are items accounts that typically appear on a balance sheet? a....
5. Which of the following are items accounts that typically appear on a balance sheet? a. cost of goods sold, operating expenses, taxes. b. net sales, inventories, notes payable. e. net fixed assets, depreciation expense, advertising expenditures. d. cash, depreciation expense, taxes. e. None of the combinations listed above are correct. 6. Which of the following would directly increase net cash flow from operating activities (assuming all else remains constant)? Note: there is more be more than one answer for...
3 E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for...
3 E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for Johnson Company: 5 points Skipped a. Received investment of cash by organizers and distributed to them 1,140 shares of $1 par value common stock with a market price of $20 per share. b. Purchased $7,800 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $14,000 cash from a bank. d. Loaned $1,000 to an employee...
Unadjusted Financial Statements income Statement For the Year Ended December 31, 2017 Service revenue $70,600.00 Wages...
Unadjusted Financial Statements income Statement For the Year Ended December 31, 2017 Service revenue $70,600.00 Wages expense 44,300.00 Net income $26,300.00 Cole Designs Inc. Balance Sheet December 31, 2017 Assets Cash $5,000.00 Accounts receivable 32,600.00 Supplies 3,650.00 5 Prepaid insurance 4,000.00 6 Office equipment 11,000.00 Total assets $56,250.00 Liabilities Unearned revenue $9,500.00 Stockholders' Equity Common stock $12,000.00 12 Retained earnings 34,750.00 46,750.00 13 Total liabilities and stockholders'equity $56,250.00 Cole Designs Inc. Income Statement For the Year Ended December 31, 2017...
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balan...
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balance accounting events apply to Parks Co. for the year 2011 ations when the business acquired $20,000 cash from the issue of common stock 2. Performed services and collected cash of $1,000. . Collected $4,500 of cash in advance for services to be provided over the next 12 months...
Need help with comprehensive project (PLEASE MAKE SURE CHECK TOTALS ARE CORRECT) TIA!!! T- Accounts Adjusted...
Need help with comprehensive project (PLEASE MAKE SURE CHECK
TOTALS ARE CORRECT) TIA!!!
T- Accounts
Adjusted Trial Balance
Income Statement
Statement of Retained Earnings
Balance Sheet
Closing Entries
Post-closing trial balance
Read ALL instructions before getting started! ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2016. Given on the first two tabs are ABC's 12/31/16 Unadjusted Trial Balance and a list of needed adjustments. 1. Make all 12 adjustments on the...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
5. The following are accounts reported in the financial statements: A. Balance Sheet B. Income Statement C. Statement of Stockholders' Equity Indicate where each of the following accounts is reported in the financial statements using the letters above. (Identify all reports that may apply for each item below.) II. Identify if the account is permanent(P) or temporary (T). Fill in lists below for items I and II Notes Receivable Cash & Cash Equivalents Dividends Accounts Payable Salary Expense Unearned Rent...
5. Which of the following are items accounts that typically appear on a balance sheet? a. cost of goods sold, operating expenses, taxes. b. net sales, inventories, notes payable. e. net fixed assets, depreciation expense, advertising expenditures. d. cash, depreciation expense, taxes. e. None of the combinations listed above are correct. 6. Which of the following would directly increase net cash flow from operating activities (assuming all else remains constant)? Note: there is more be more than one answer for...
3 E2-4 (Algo) Determining Financial Statement Effects of Several Transactions LO2-3 The following events occurred for Johnson Company: 5 points Skipped a. Received investment of cash by organizers and distributed to them 1,140 shares of $1 par value common stock with a market price of $20 per share. b. Purchased $7,800 of equipment, paying $1,300 in cash and owing the rest on accounts payable to the manufacturer. c. Borrowed $14,000 cash from a bank. d. Loaned $1,000 to an employee...
Unadjusted Financial Statements income Statement For the Year Ended December 31, 2017 Service revenue $70,600.00 Wages expense 44,300.00 Net income $26,300.00 Cole Designs Inc. Balance Sheet December 31, 2017 Assets Cash $5,000.00 Accounts receivable 32,600.00 Supplies 3,650.00 5 Prepaid insurance 4,000.00 6 Office equipment 11,000.00 Total assets $56,250.00 Liabilities Unearned revenue $9,500.00 Stockholders' Equity Common stock $12,000.00 12 Retained earnings 34,750.00 46,750.00 13 Total liabilities and stockholders'equity $56,250.00 Cole Designs Inc. Income Statement For the Year Ended December 31, 2017...
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balance accounting events apply to Parks Co. for the year 2011 ations when the business acquired $20,000 cash from the issue of common stock 2. Performed services and collected cash of $1,000. . Collected $4,500 of cash in advance for services to be provided over the next 12 months...
Need help with comprehensive project (PLEASE MAKE SURE CHECK
TOTALS ARE CORRECT) TIA!!!
T- Accounts
Adjusted Trial Balance
Income Statement
Statement of Retained Earnings
Balance Sheet
Closing Entries
Post-closing trial balance
Read ALL instructions before getting started! ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2016. Given on the first two tabs are ABC's 12/31/16 Unadjusted Trial Balance and a list of needed adjustments. 1. Make all 12 adjustments on the...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Most questions answered within 3 hours.
-
Select a target behavior from your list of potential target
behaviors. State your target behavior in...
asked 4 minutes ago -
Guns make a unique marking on the bullets they fire and their
shell casings. These markings...
asked 7 minutes ago -
Bourque Enterprises is considering a new project. The project
will generate sales of $1.5 million, $2.2...
asked 19 minutes ago -
data structures c++
please implement the QuickSort algorithm as a C++ function. Use
it to sort...
asked 19 minutes ago -
A young investment manager tells his client that the probability
of making a positive return with...
asked 22 minutes ago -
Calculate the final discrete available-to-promise quantity for
Week 1 using the following table.
Weeks
1
2...
asked 53 minutes ago -
Bob is gambling in the casino. The probability that he will win
nothing is 0.2. The...
asked 2 hours ago -
A free electron and a free proton are exactly 0.70 cm apart.
A)
Find the magnitude...
asked 2 hours ago -
Identify and Describe the major sources of U.S law. Provide a
sport-related example of each.
asked 2 hours ago -
NASA's Ames Research Center in Mountain View, California, houses
a 20g centrifuge used to conduct research...
asked 3 hours ago -
I want a python code using recursion ONLY.
I cannot use any loops, dictionaries or modules....
asked 3 hours ago -
Tobin Supplies Company expects sales next year to be $450,000.
Inventory and accounts receivable will increase...
asked 4 hours ago