CARLA VISTA CO. | |
Balance Sheet | |
Assets | |
Cash | $ 13,000 |
Inventory | $ 16,000 |
Buildings | $ 39,000 |
Total Assets | $ 68,000 |
Liabailities and Stockholders` Equity | |
Liabailities | |
Accounts payable | $ 5,000 |
Stockholders` Equity | |
Common Stock [68000-5000-33000] | $ 30,000 |
Retained Earnings | $ 33,000 |
Total Liabilities and stockholders` equity | $ 68,000 |
CARLA VISTA CO. | |
Income Statement | |
Revenues | $ 84,700 |
Cost of goods sold [84700-(19380+10180)] | $ 55,140 |
Salaries and wages expense | $ 10,180 |
Net Income | $ 19,380 |
CARLA VISTA CO. | |
Retained Earnings Statement | |
Beginning retained earnings | $ 18,000 |
Add: Net Income [33000+4380-18000] | $ 19,380 |
Less: Dividends | $ 4,380 |
Ending retained earnings | $ 33,000 |
this is all one question Balance Sheet Assets Cash Inventory Buildings Total assets Liabilities and Stockholders'...
Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity iabilities Accounts payable Stockholders' Equity $5,800 Common stock Retained earnings Total liabilities and stockholders' equity $67,000 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense Net Income 10,430 DONAVAN, INC. Retained Earnings Statement $17,000 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,610 $32,000
Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 13,000 Inventory 16,000 Buildings 39,000 Total assets $68,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,400 Stockholders' Equity Common stock @ Retained earnings @ Total liabilities and stockholders' equity $68,000 DONAVAN, INC. Income Statement Revenues $84,700 Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $18,000 Add: Net income le) Less:...
BLOSSOM COMPANY Balance Sheet Assets Cash $28,600 Supplies Equipment (net) 62,100 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable $22.000 Stockholders' Equity Common stock 39,000 Retained earnings Total liabilities and stockholders' equity BLOSSOM COMPANY Income Statement Revenues $61,500 Depreciation expense Salaries and wages expense 11,500 Interest expense 1,800 Net Income $26,400 Notes payable $22,000 Stockholders' Equity Common stock 39,000 Retained earnings Total liabilities and stockholders' equity (d) BLOSSOM COMPANY Income Statement Revenues $61,500 Depreciation expense Salaries and wages expense...
DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,800 Common stock Retained earnings Total liabilities and stockholders' equity $67,000 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC. Retained Earnings Statement $17,000 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,610 $32,000
DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $14,000 17,000 38,000 $69,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,600 Common stock Retained earnings Total liabilities and stockholders' equity $69,000 DONAVAN, INC. $85,400 Revenues Cost of goods sold Salaries and wages expense Net Income 10,270 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings $19,000 4,770
ileyPLUS upport DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets 12,900 15,900 39,100 $67,900 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,400 Common stock Retained earnings Total liabilities and stockholders' equity $ 67,900 DONAVAN, INC. Income Statement Revenues $85,200 DONAVAN, INC. Income Statement Revenues Cost of goods sold Salaries and wages expense Net Income $85,200 10.450 DONAVAN, INC. Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings $32,900 $17,900 4,160 Send...
hi I need help with these questions... thanks DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
E1-9 Here are incomplete financial statements for Donavan, Inc. DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement Revenues Cost of goods sold Salaries and wages expense Net income $85,000 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions...
Here are incomplete financial statements for Sandhill Co.. Calculate the missing amounts. SANDHILL CO. Balance Sheet Assets Cash $ 14,700 Inventory 17,700 Buildings 37.300 Total assets $69,700 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 6,000 Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $69.700 SANDHILL CO. Income Statement Revenues $84,900 Cost of goods sold Salaries and wages expense 10.130 Net income SANDHILL CO. Retained Earnings Statement Beginning retained earnings $19,700 Add: Net income Less: Dividends 4,860...
Here are incomplete financial statements for Sunland Company. Calculate the missing amounts. SUNLAND COMPANY Balance Sheet Assets Cash $29,300 Supplies (a) Equipment (net) 64,600 Total assets Liabilities and Stockholders' Equity Liabilities Notes payable $22,300 Stockholders' Equity Common stock 39,000 Retained earnings 9740 (c) Total liabilities and stockholders' equity $ | (d) Notes payable $22,300 Stockholders' Equity Common stock 39,000 Retained earnings 9740 (c) Total liabilities and stockholders' equity $ SUNLAND COMPANY Income Statement Revenues $51,500 Depreciation expense Salaries and wages...