Homework Answers
Answer to Requirement 1.
Plant Assets, 2018 = Plant Assets, 2017 + Acquisition of Plant Assets - Sale of Plant Assets
$100,350 = $88,250 + Acquisition of Plant Assets - $0
Acquisition of Plant Assets = $12,100
Answer to Requirement 2.
Long Term Notes Payable, 2018 = Long Term Notes Payable, 2017 + Issuance of Notes Payable - Payment of Notes Payable
$7,000 = $13,000 + $4,900 - Payment of Notes Payable
Payment of Notes Payable = $10,900
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chp3 S16 -7 please show your work
S16-7 (similar to) Quesion Help Rouse Media Corporation had...
please show your work liabilities current liabilities Account Payable……..$6,500 …………$4,000 long term liabilities Notes Payable ………$7,000...…………$13,000...
please show your work
liabilities
current liabilities
Account Payable……..$6,500 …………$4,000
long term liabilities
Notes Payable ………$7,000...…………$13,000
--------------------------------------
Total liabilities ……….$13,000...………..$17,000
Stockholders Equity
Common Stock, no par …………….23,000 …….17,000
Retained earnings ………………….49,200...…...48,000
------------------------------------
Total stockholder equity...…………..72,200...……...65,000
------------------------------------
Total liability and stockholder's
equity.....$85,700.....$82,000
S16-7 (similar to) Question Hepe Rouse Media Coporation had the following income statement and balance shbeet for 2018 m(Click the icon to view the income statement) (Cck the icon to view the balance sheet) Read the requiements Requement...
Preston Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current...
Preston Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current Assets: Cash Accounts Receivable Long-term Assets: Plants Assets 5,000 $ 9,600 3,900 5,100 Accumulated Depreciation—Plant Assets 105,350 84,350 (29,350) (18,350) 90,600 $ 75,000 $ Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,000 $ 4,500 Long-term Liabilities: 9,000 12,000 17,000 16,500 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings 27,000 46,600 73,600 90,600 $ 23,000 35,500 58,500 75,000 Total Stockholders'...
Please explain how each answer was received. Thank you! 2x EC-23 (similar to) Question Help Jetson...
Please explain how each answer was received. Thank you!
2x EC-23 (similar to) Question Help Jetson Exercise Equipment, Inc. reported the following financial statements for 2018: E: (Click the icon to view the income statement.) : (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Compute the amount of Jetson Exercise's acquisition of plant assets. Jetson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $49,200....
need help putting together statement of cash flows! plus some... forgot these... apologies here is the...
need help putting together statement of cash flows! plus
some...
forgot these... apologies
here is the whole front and back of the paper. not entirely
sure what you mean by the "amounts" but hope its here!
thanks!
need the statement of cash flows filled out for the year ending
september 30, 2018. this was the first yellow chart. i also need
the statement of cash flows for the year ending December 31, 2018
filled ou. this was the second yellow...
can someone please help me The 2018 income statement and comparative balance sheet of Granite Rock,...
can
someone please help me
The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) B (Clicly the icon to view the comparative balance sheet.) $ 108,500 Granite Rock, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in...
Masterson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 716,000...
Masterson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 716,000 341,000 Cost of Goods Sold Gross Profit 375,000 Operating Expenses: Depreciation Expense $ 53,000 180,000 Other Operating Expenses Total Operating Expenses 233,000 $ 142,000 Net Income 1. Compute the amount of Masterson Exercise's acquisition of plant assets. Assume the acquisition was for cash. Masterson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,300. No...
needing help on how calculate the acquisition. please show all work. thanks (Click the icon te...
needing help on how calculate the acquisition. please show all
work. thanks
(Click the icon te ne 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) Read the requiremer Click the icon to view the comparative balance sheet.) Complete the statement one section at a time, beginning with the cash flows from operating activities. 109,600 Granite Rock, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows...
S9-14 (similar to) Assigned Media Question Help Sweet Home, ne, Includes the following selected accounts in...
S9-14 (similar to) Assigned Media Question Help Sweet Home, ne, Includes the following selected accounts in its general ledger at December 31, 2018 (Click the icon to view the accounts) Prepare the abilities section of Sweet Home, Ino's, balance sheet at December 31, 2018, to show how the company would report these tems Report total current liabilities and total abilities of a box is not used in the table leave the box empty, do not select a label or enter...
question 16-1 income statement comparative balance sheet part 1 part 2 requirements Score: 0 of 5...
question 16-1
income statement
comparative balance sheet part 1
part 2
requirements
Score: 0 of 5 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 36 pts E16-23 (similar to) E Question Help mev Som Press Exercise Equipment, Inc reported the following financial statements for 2018 Click the icon to view the income statement. (Click the icon to view the comparative balance ut of sheet.) Read the requirements Requirement 1. Compute the amount of Press Exercise's acquisition of...
The Adams Corporation reported the following income statement for 2018 and comparative balance sheet for 2018...
The Adams Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Adams Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for...
please show your work
liabilities
current liabilities
Account Payable……..$6,500 …………$4,000
long term liabilities
Notes Payable ………$7,000...…………$13,000
--------------------------------------
Total liabilities ……….$13,000...………..$17,000
Stockholders Equity
Common Stock, no par …………….23,000 …….17,000
Retained earnings ………………….49,200...…...48,000
------------------------------------
Total stockholder equity...…………..72,200...……...65,000
------------------------------------
Total liability and stockholder's
equity.....$85,700.....$82,000
S16-7 (similar to) Question Hepe Rouse Media Coporation had the following income statement and balance shbeet for 2018 m(Click the icon to view the income statement) (Cck the icon to view the balance sheet) Read the requiements Requement...
Preston Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $ Current Assets: Cash Accounts Receivable Long-term Assets: Plants Assets 5,000 $ 9,600 3,900 5,100 Accumulated Depreciation—Plant Assets 105,350 84,350 (29,350) (18,350) 90,600 $ 75,000 $ Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,000 $ 4,500 Long-term Liabilities: 9,000 12,000 17,000 16,500 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings 27,000 46,600 73,600 90,600 $ 23,000 35,500 58,500 75,000 Total Stockholders'...
Please explain how each answer was received. Thank you!
2x EC-23 (similar to) Question Help Jetson Exercise Equipment, Inc. reported the following financial statements for 2018: E: (Click the icon to view the income statement.) : (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Compute the amount of Jetson Exercise's acquisition of plant assets. Jetson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $49,200....
need help putting together statement of cash flows! plus
some...
forgot these... apologies
here is the whole front and back of the paper. not entirely
sure what you mean by the "amounts" but hope its here!
thanks!
need the statement of cash flows filled out for the year ending
september 30, 2018. this was the first yellow chart. i also need
the statement of cash flows for the year ending December 31, 2018
filled ou. this was the second yellow...
can
someone please help me
The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) B (Clicly the icon to view the comparative balance sheet.) $ 108,500 Granite Rock, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in...
Masterson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 716,000 341,000 Cost of Goods Sold Gross Profit 375,000 Operating Expenses: Depreciation Expense $ 53,000 180,000 Other Operating Expenses Total Operating Expenses 233,000 $ 142,000 Net Income 1. Compute the amount of Masterson Exercise's acquisition of plant assets. Assume the acquisition was for cash. Masterson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,300. No...
needing help on how calculate the acquisition. please show all
work. thanks
(Click the icon te ne 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) Read the requiremer Click the icon to view the comparative balance sheet.) Complete the statement one section at a time, beginning with the cash flows from operating activities. 109,600 Granite Rock, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows...
S9-14 (similar to) Assigned Media Question Help Sweet Home, ne, Includes the following selected accounts in its general ledger at December 31, 2018 (Click the icon to view the accounts) Prepare the abilities section of Sweet Home, Ino's, balance sheet at December 31, 2018, to show how the company would report these tems Report total current liabilities and total abilities of a box is not used in the table leave the box empty, do not select a label or enter...
question 16-1
income statement
comparative balance sheet part 1
part 2
requirements
Score: 0 of 5 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 36 pts E16-23 (similar to) E Question Help mev Som Press Exercise Equipment, Inc reported the following financial statements for 2018 Click the icon to view the income statement. (Click the icon to view the comparative balance ut of sheet.) Read the requirements Requirement 1. Compute the amount of Press Exercise's acquisition of...
The Adams Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Adams Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for...
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