Homework Answers
Answer to Question 1.
Common Stock, Ending Balance = Common Stock, Beginning Balance +
Issuance of Stock
$13,000 = $12,000 + Issuance of Stock
Issuance of Stock = $1,000
Retained Earnings, Ending Balance = Retained Earnings, Beginning
Balance + Net Income – Dividends
$6,000 = $5,000 + $3,000 – Dividends
Dividends = $2,000
Total Stockholders’ Equity = Common Stock + Retained Earnings
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CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Stock Earnings $...
Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 10,000 $...
Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 10,000 $ 7,000 $ 17,000 Issuances 1,100 Add: Net income Less: Dividends (3,000) (3,000) Ending balance $ 11,100 $ 10,000 $ 21,100 1,100
BULLDOG, INC. Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $10,000...
BULLDOG, INC. Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $10,000 $7,000 $17,000 Issuances 1,100 1,100 Add: Net income ******* ********* Less: Dividends (3,000) (3,000) Ending balance $11,100 $10,000 $21,100 I need to find the answers to where the ********s are. (The net income in columns 2 and 3)
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income...
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,000 Rent 6,000 Advertising 4,000 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,000 13,000 $ 6,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,000 4,000 $ 15,000 $ 7,000 $ 22,000 Assets $ CYCLONE, INC....
Required: Prepare the income statement, statement of stockholders' equity, and balance s Investments. heet for Gator...
Required: Prepare the income statement, statement of stockholders' equity, and balance s Investments. heet for Gator P1-4B Below are incomplete financial statements for Cyclone, Inc. Understand the format of financial statements and the link among them LO1-3) CYCLONE, INC. Income Statement CYCLONE, INC. Statement of Stockholders' Equity Common Retained Total Revenues Stock Earnings S. Equity Expenses: Salaries $13,000 Issuances of stock Rent Advertising 7,000 Add: Net income 5,000 Less: Dividends ncome(b)Ending balance Beginning balance$14,000 $7,000 $21,000 5,000 $17,000 $8,000 $25,000...
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC....
Below are incomplete financial statements for Cyclone,
Inc.
Required:
Calculate the missing amounts.
CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries | $ 11,600 Rent 5,600 Advertising 3,600 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Earnings Total Stockholders' Equity $ 18,200 $ 12,600 $ 5,600 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,600 3,600 $ 14,200 $ 6,600 $ 20,800
Required Calculate the missing amounts CYCLONE, INC. Income Statement Revenues Expenses Salaries Rent Advertising s 12,200...
Required Calculate the missing amounts CYCLONE, INC. Income Statement Revenues Expenses Salaries Rent Advertising s 12,200 6,200 4,200 Net income CYCLONE, INC Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equit Beginning balance$ Issuances of stock Add: Net income Less: Dividends Ending balance 13,200 $ 6,200 19,400 4,200 4,200 15,400 $ 7,200 $ 22,600 CYCLONE, INC Balance Sheet Assets Liabilities Cash Supplies Land Building 1,200 Accounts payable 3,200 Stockholders' Equity 5,200 Common stock 15,200Retained earnings Total assets Total...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000...
Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000 Salaries $456,000 Issuance #35 Administrative 245,000 Net income 210,000 Utilities 8.000 Dividends #36 Total expenses 709,000| Ending) $500,000 $501.000 Net income #34 Balance Sheet Assets Liabilities Cash $25,000 Accounts payable $14,000 A/R 30,000 Notes payable T 2 50.000 Supplies #37 Total liabilities $264,000 Prepaid rent 2,000 Stockholders' Equity Equipment 207,800 Common stock Building 1,000,000 Retained earnings Total stockholders' equity #39 Total assets #38 Total...
how do you find the revenu on an income statment LLLLLLLL Required: Calculate the missing amounts....
how do you find the revenu on an income statment
LLLLLLLL Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ Rent 11,000 5,000 3,000 Advertising Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings $ 5,000 Total Stockholders Equity $ 17,000 $ 12,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,000 3,000 13,000 $ 6,000 $ 19,000 Prev1...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 39,000 BULLDOG, INC....
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 39,000 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income Less: Dividends (3.000) (3,000) Ending balance 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Liabilities $ 4,000...
Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 10,000 $ 7,000 $ 17,000 Issuances 1,100 Add: Net income Less: Dividends (3,000) (3,000) Ending balance $ 11,100 $ 10,000 $ 21,100 1,100
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,000 Rent 6,000 Advertising 4,000 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,000 13,000 $ 6,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,000 4,000 $ 15,000 $ 7,000 $ 22,000 Assets $ CYCLONE, INC....
Required: Prepare the income statement, statement of stockholders' equity, and balance s Investments. heet for Gator P1-4B Below are incomplete financial statements for Cyclone, Inc. Understand the format of financial statements and the link among them LO1-3) CYCLONE, INC. Income Statement CYCLONE, INC. Statement of Stockholders' Equity Common Retained Total Revenues Stock Earnings S. Equity Expenses: Salaries $13,000 Issuances of stock Rent Advertising 7,000 Add: Net income 5,000 Less: Dividends ncome(b)Ending balance Beginning balance$14,000 $7,000 $21,000 5,000 $17,000 $8,000 $25,000...
Below are incomplete financial statements for Cyclone,
Inc.
Required:
Calculate the missing amounts.
CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries | $ 11,600 Rent 5,600 Advertising 3,600 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Earnings Total Stockholders' Equity $ 18,200 $ 12,600 $ 5,600 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,600 3,600 $ 14,200 $ 6,600 $ 20,800
Required Calculate the missing amounts CYCLONE, INC. Income Statement Revenues Expenses Salaries Rent Advertising s 12,200 6,200 4,200 Net income CYCLONE, INC Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equit Beginning balance$ Issuances of stock Add: Net income Less: Dividends Ending balance 13,200 $ 6,200 19,400 4,200 4,200 15,400 $ 7,200 $ 22,600 CYCLONE, INC Balance Sheet Assets Liabilities Cash Supplies Land Building 1,200 Accounts payable 3,200 Stockholders' Equity 5,200 Common stock 15,200Retained earnings Total assets Total...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000 Salaries $456,000 Issuance #35 Administrative 245,000 Net income 210,000 Utilities 8.000 Dividends #36 Total expenses 709,000| Ending) $500,000 $501.000 Net income #34 Balance Sheet Assets Liabilities Cash $25,000 Accounts payable $14,000 A/R 30,000 Notes payable T 2 50.000 Supplies #37 Total liabilities $264,000 Prepaid rent 2,000 Stockholders' Equity Equipment 207,800 Common stock Building 1,000,000 Retained earnings Total stockholders' equity #39 Total assets #38 Total...
how do you find the revenu on an income statment
LLLLLLLL Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ Rent 11,000 5,000 3,000 Advertising Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings $ 5,000 Total Stockholders Equity $ 17,000 $ 12,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,000 3,000 13,000 $ 6,000 $ 19,000 Prev1...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 39,000 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income Less: Dividends (3.000) (3,000) Ending balance 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Liabilities $ 4,000...
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