Homework Answers
| Retained earnings, January 1, 2018 | $603,600 | |
| Net income | $316,000 | |
| Dividend | $31,600 | |
| Change in retained earnings | $284,400 | |
| Retained earnings, December 31, 2018 | $888,000 |
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Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from...
Statement of stockholders’ equity Climate Control Systems Co. offers its services to residents in the Spokane...
Statement of stockholders’ equity Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 20Y2, are as follows: Common Stock Jan. 1 75,000 Feb. 15 25,000 Retained Earnings Dividends Dec. 31 160,000 Jan. 1 (20Y2) 4,150,800 Mar. 31 40,000 Dec. 31 160,000 Dec. 31 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Prepare a statement of stockholders’ equity for...
please help me Climate Control Systems Co. offers its services to residents in the Spokane area....
please help me
Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 20Y2, are as follows: Common Stock | Jan. 1 75,000 Feb. 15 25 000 Retained Earnings Dec 31 160,000 Jan. 1 (2002) 4.150.800 Dec. 31 700,000 Dividends Mar. 31 40,000 Dec 31 160.000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Required: Prepare a statement of stockholders...
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area....
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2019, are as follows: Bart Nesbit, Capital Bart Nesbit, Drawing Dec. 31 90,00djan. 1 (2019) 1,375,000 Mar. 31 22,500 Dec. 31 90,000 Dec. 31 355,000 June 30 22,500 Sept. 30 22,500 Dec. 31 22,500 Prepare a statement of owner's equity for the year. Apex Systems Co. Statement of...
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area....
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2019, are as follows: Bart Nesbit, Capital Bart Nesbit, Drawing Dec. 31 24,400 Jan. 1 (2019) 466,000 Mar 31 6,100 Dec. 31 24,400 Dec. 31 244,000 June 30 6.100 Sept. 30 6,100 Dec 31 6,100 Prepare a statement of owner's equity for the year. Apex Systems Co. Statement...
Cash kholders' equity for the year ended December 31, 20Y2. If a net loss is incurred...
Cash kholders' equity for the year ended December 31, 20Y2. If a net loss is incurred or dividends were paid, Balances, January 1, 20Y2 tive number using a minus sign. Balances, December 31, 2012 ate Control Systems Co. Net income ent of Stockholders' Equity ar Ended December 31, 20Y2 Net loss Ummon Stock Retained Earnings Total $ Statement of stockholders' equity Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the year ended...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock 700,000 Balance Issued 10,200 shares306,000 Balance an, 1 Apr. 14 Dec. 31 1,006,000 Paid-In Capital in Excess of Par 112,000 an. 1 Apr. 14 Balance Issued 10,200 shares Balance 71,400 183,400 Dec. 31 Treasury Stock Aug. 7 Purchased 1,700 shares 47,600 Retained Earnings 1,220,000 Mar. 31 June. 30 Sept. 30 Dividend Dividend Dividend 18,000 an. 1...
Closing Entries with Net Income Automation Services Co. offers its services to companies desiring to use...
Closing Entries with Net Income
Automation Services Co. offers its services to companies
desiring to use technology to improve their operations. After the
accounts have been adjusted at December 31, the end of the fiscal
year, the following balances were taken from the ledger of
Automation Services:
Fees Earned
$614,500
Dividends
45,000
Rent Expense
140,000
Retained Earnings
3,250,000
Supplies Expense
18,200
Wages Expense
320,000
Miscellaneous Expense
8,700
Journalize the closing entries. If an amount box does not
require an entry,...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2019, are as follows. COMMON STOCK an. 1 1,700,000 \Apr, 14 Balance Issued 15,600 shares Balance Dec. 31 780,000 2,480,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 272,000 Apr. 14 Issued 15,600 shares Balance Dec. 31 187,200 459,200 TREASURY STOCK Aug. 7 Purchased 2,600 shares 124,800 RETAINED EARNINGS Balance Mar. 31 June 30 Dividend Dividend 2,960,000 44,000 Jan. 1...
Instructions Retained Earnings Statement Selected accounts from the ledger of Restoration Arts for the fiscal year...
Instructions Retained Earnings Statement Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2018, are as follows: Restoration Arts Score: 31/53 Retained Earnings Statement Retained Earnings For the Year Ended April 30, 2018 ✓ Apr. 30 31.400 May 1 (2017) 467,500 1 Retained earnings, May 1, 2017 $467,500.00 Apr. 30 7,800 2 Net income 3 Dividends Dividends July 31 1,950 Apr. 30 7,800 4 Change in retained earnings 5 Retained earnings, April 30, 2018...
Instructions The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 2019,...
Instructions The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 2019, are as follows. Common Stock Jan. 1 Balance 5,265,000 Apr. 14 Issued 33,000 shares 1,287,000 Dec. 31 Balance 6,552,000 Paid-in Capital in Excess of Par Jan. 1 Balance 1,080,000 Apr. 14 Issued 33,000 shares 330,000 Dec. 31 Balance 1,410,000 Treasury Stock Aug. 7 Purchased 12,500 shares 550,000 Retained Earnings Mar. 31 Dividend 74,900 Jan. 1 Balance 12,496,100 June 30 Dividend 74,900 Sept. 30 Dividend...
please help me
Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 20Y2, are as follows: Common Stock | Jan. 1 75,000 Feb. 15 25 000 Retained Earnings Dec 31 160,000 Jan. 1 (2002) 4.150.800 Dec. 31 700,000 Dividends Mar. 31 40,000 Dec 31 160.000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Required: Prepare a statement of stockholders...
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2019, are as follows: Bart Nesbit, Capital Bart Nesbit, Drawing Dec. 31 90,00djan. 1 (2019) 1,375,000 Mar. 31 22,500 Dec. 31 90,000 Dec. 31 355,000 June 30 22,500 Sept. 30 22,500 Dec. 31 22,500 Prepare a statement of owner's equity for the year. Apex Systems Co. Statement of...
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2019, are as follows: Bart Nesbit, Capital Bart Nesbit, Drawing Dec. 31 24,400 Jan. 1 (2019) 466,000 Mar 31 6,100 Dec. 31 24,400 Dec. 31 244,000 June 30 6.100 Sept. 30 6,100 Dec 31 6,100 Prepare a statement of owner's equity for the year. Apex Systems Co. Statement...
Cash kholders' equity for the year ended December 31, 20Y2. If a net loss is incurred or dividends were paid, Balances, January 1, 20Y2 tive number using a minus sign. Balances, December 31, 2012 ate Control Systems Co. Net income ent of Stockholders' Equity ar Ended December 31, 20Y2 Net loss Ummon Stock Retained Earnings Total $ Statement of stockholders' equity Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock 700,000 Balance Issued 10,200 shares306,000 Balance an, 1 Apr. 14 Dec. 31 1,006,000 Paid-In Capital in Excess of Par 112,000 an. 1 Apr. 14 Balance Issued 10,200 shares Balance 71,400 183,400 Dec. 31 Treasury Stock Aug. 7 Purchased 1,700 shares 47,600 Retained Earnings 1,220,000 Mar. 31 June. 30 Sept. 30 Dividend Dividend Dividend 18,000 an. 1...
Closing Entries with Net Income
Automation Services Co. offers its services to companies
desiring to use technology to improve their operations. After the
accounts have been adjusted at December 31, the end of the fiscal
year, the following balances were taken from the ledger of
Automation Services:
Fees Earned
$614,500
Dividends
45,000
Rent Expense
140,000
Retained Earnings
3,250,000
Supplies Expense
18,200
Wages Expense
320,000
Miscellaneous Expense
8,700
Journalize the closing entries. If an amount box does not
require an entry,...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2019, are as follows. COMMON STOCK an. 1 1,700,000 \Apr, 14 Balance Issued 15,600 shares Balance Dec. 31 780,000 2,480,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 272,000 Apr. 14 Issued 15,600 shares Balance Dec. 31 187,200 459,200 TREASURY STOCK Aug. 7 Purchased 2,600 shares 124,800 RETAINED EARNINGS Balance Mar. 31 June 30 Dividend Dividend 2,960,000 44,000 Jan. 1...
Instructions Retained Earnings Statement Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2018, are as follows: Restoration Arts Score: 31/53 Retained Earnings Statement Retained Earnings For the Year Ended April 30, 2018 ✓ Apr. 30 31.400 May 1 (2017) 467,500 1 Retained earnings, May 1, 2017 $467,500.00 Apr. 30 7,800 2 Net income 3 Dividends Dividends July 31 1,950 Apr. 30 7,800 4 Change in retained earnings 5 Retained earnings, April 30, 2018...
Instructions The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 2019, are as follows. Common Stock Jan. 1 Balance 5,265,000 Apr. 14 Issued 33,000 shares 1,287,000 Dec. 31 Balance 6,552,000 Paid-in Capital in Excess of Par Jan. 1 Balance 1,080,000 Apr. 14 Issued 33,000 shares 330,000 Dec. 31 Balance 1,410,000 Treasury Stock Aug. 7 Purchased 12,500 shares 550,000 Retained Earnings Mar. 31 Dividend 74,900 Jan. 1 Balance 12,496,100 June 30 Dividend 74,900 Sept. 30 Dividend...
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