Homework Answers
Answer:
| EVANS COMPANY | |
| Income Statement | |
| For the year Ended December 31, 2025 | |
| Service Revenue | 840,000 |
| Expenses: | |
| Operating Expense | 750,000 |
| Net Income | $ 90,000 |
| EVANS COMPANY | |
| Statement of Retained Earnings | |
| For the year Ended December 31, 2025 | |
| Beginning Retained Earnings 1/1/2025 | 450,000 |
| Add: Net Income | 90,000 |
| Sub Total | 540,000 |
| Less: Dividend | 60,000 |
| Ending Retained Earnings 31/12/2025 | $ 480,000 |
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Question 9 2 pts Evans Company compiled the following financial information as of December 31, 2025....
Question 8 2 pts VO vo wa Evans Company compiled the following financial information as of...
Question 8 2 pts VO vo wa Evans Company compiled the following financial information as of December 31, 2025. Service revenue $840,000 Time Runni Attempt du 1 Hour, 9 M Common Stock 180,000 240,000 Equipment Operating expenses 750,000 Cash 210,000 60,000 Dividends 30.000 120,000 Supplies Accounts payable Accounts receivable 90,000 450.000 Retained earnings. Jan 1, 2024 Evans' retained earnings on December 31, 2025 are $480.000 $1.020.000 $1.410.000 $570,000 Next • Previous Priser Home 18
Question 7 (4 points) Benedict Company compiled the following financial information as of December 31, 2014:...
Question 7 (4 points) Benedict Company compiled the following financial information as of December 31, 2014: $560,000 120,000 Service revenue Common stock Equipment Operating expenses 160,000 500,000 Cash 140,000 Dividends 40,000 Supplies Accounts payable Accounts receivable 20.000 80.000 60,000 Retained earnings, 1/1/14 300,000 Benedict's assets on December 31, 2014 are 3 1) $940,000. 2) $380,000. 3) $680,000. 8 4) $320,000.
Question 7 (4 points) Benedict Company compiled the following financial information as of December 31, 2014: $560,000 120,000 Service revenue...
Elston Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Common stock...
Elston Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Common stock 30,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Supplies 5,000 Accounts payable 20,000 Accounts receivable 15,000 Retained earnings, 1/1/10 75,000 Elston's retained earnings on December 31, 2010 are: a. $75,000 b. $90,000 C. $80,000 d. $ 5,000
The financial balances for the Atwood Company and the Franz Company as of December 30, 20X1,...
The financial balances for the Atwood Company and the Franz Company as of December 30, 20X1, are presented below. Also included are the fair values for Franz Company's net assets. Atwood Book Value Franz Book Value Franz Fair Value Cash $870,000 $240,000 $240,000 Receivables 660,000 600,000 600,000 Inventory 1,230,000 420,000 580,000 Land 1,800,000 260,000 250,000 Buildings, net 1,800,000 540,000 650,000 Equipment, net 660,000 380,000 400,000 Accounts payable 570,000 240,000 240,000 Accrued expenses 270,000 60,000 60,000 Long-term liabilities 2,700,000 1,020,000 1,120,000...
acct hw help QUESTION 26 Elston Company compiled the following financial information as of December 31,...
acct hw help
QUESTION 26 Elston Company compiled the following financial information as of December 31, 2014: Service revenue $700,000 Common stock 150,000 Machine 350,000 Operating expenses 625,000 Cash 200,000 Dividends 50,000 Supplies 25,000 Accounts payable 100,000 Accounts receivable 75,000 Inventory 80,000 Retained earnings, 1/1/14 375,000 Elston's assets on December 31, 2014 are $650,000 $730,000 OO $625,000 $475,000 QUESTION 25 These financial statement items are for ABC Corporation at year-end, December 31, 2011: Salaries expense Utilities expense Equipment Accounts Payable...
Coronado Industries compiled the following financial information as of December 31, 2017: Service revenue $1181000 Common...
Coronado Industries compiled the following financial information as of December 31, 2017: Service revenue $1181000 Common stock 240000 Equipment 307000 Operating expenses 980000 Cash 277000 Dividends 75000 Supplies 45000 Accounts payable 167000 Accounts receivable 108500 Retained earnings, 1/1/17 607000 Coronado retained earnings on December 31, 2017 are:
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $839000 192000 238000 746000 200000 65000 39000 100000 94500 454000 Windsor's retained earnings on December 31, 2022 are: O $39000. O $454000. O $549000 O $482000.
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock...
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash $1142000 226000 300000 967000 285000 83000 35000 150000 124500 579000 Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 Wildhorse stockholders'equity on December 31, 2017 is: $980000 $897000 $671000. $862000.
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $829000 183000 225000 729000 208000 56000 34000 120000 88000 445000 Metlock's stockholders' equity on December 31, 2022 is: $479000. $709000. $638000 $672000.
Question 8 2 pts VO vo wa Evans Company compiled the following financial information as of December 31, 2025. Service revenue $840,000 Time Runni Attempt du 1 Hour, 9 M Common Stock 180,000 240,000 Equipment Operating expenses 750,000 Cash 210,000 60,000 Dividends 30.000 120,000 Supplies Accounts payable Accounts receivable 90,000 450.000 Retained earnings. Jan 1, 2024 Evans' retained earnings on December 31, 2025 are $480.000 $1.020.000 $1.410.000 $570,000 Next • Previous Priser Home 18
Question 7 (4 points) Benedict Company compiled the following financial information as of December 31, 2014: $560,000 120,000 Service revenue Common stock Equipment Operating expenses 160,000 500,000 Cash 140,000 Dividends 40,000 Supplies Accounts payable Accounts receivable 20.000 80.000 60,000 Retained earnings, 1/1/14 300,000 Benedict's assets on December 31, 2014 are 3 1) $940,000. 2) $380,000. 3) $680,000. 8 4) $320,000.
Question 7 (4 points) Benedict Company compiled the following financial information as of December 31, 2014: $560,000 120,000 Service revenue...
Elston Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Common stock 30,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Supplies 5,000 Accounts payable 20,000 Accounts receivable 15,000 Retained earnings, 1/1/10 75,000 Elston's retained earnings on December 31, 2010 are: a. $75,000 b. $90,000 C. $80,000 d. $ 5,000
acct hw help
QUESTION 26 Elston Company compiled the following financial information as of December 31, 2014: Service revenue $700,000 Common stock 150,000 Machine 350,000 Operating expenses 625,000 Cash 200,000 Dividends 50,000 Supplies 25,000 Accounts payable 100,000 Accounts receivable 75,000 Inventory 80,000 Retained earnings, 1/1/14 375,000 Elston's assets on December 31, 2014 are $650,000 $730,000 OO $625,000 $475,000 QUESTION 25 These financial statement items are for ABC Corporation at year-end, December 31, 2011: Salaries expense Utilities expense Equipment Accounts Payable...
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $839000 192000 238000 746000 200000 65000 39000 100000 94500 454000 Windsor's retained earnings on December 31, 2022 are: O $39000. O $454000. O $549000 O $482000.
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash $1142000 226000 300000 967000 285000 83000 35000 150000 124500 579000 Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 Wildhorse stockholders'equity on December 31, 2017 is: $980000 $897000 $671000. $862000.
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $829000 183000 225000 729000 208000 56000 34000 120000 88000 445000 Metlock's stockholders' equity on December 31, 2022 is: $479000. $709000. $638000 $672000.
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