Homework Answers
| SHERIDAN COMPANY | ||
| Income Statement | ||
| For the Month Ended August 31, 2022 | ||
| Revenue | ||
| Service Revenue | 9,400 | |
| Expenses | ||
| Rent Expense | 770 | |
| Salary Expense | 3,100 | |
| Utilities Expense | 340 | |
| Total Expense | 4,210 | |
| Net Income | 13,610 | |
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Atabular analysis of the transactions made during August 2022 by Sheridan Company during its first month...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets + Stockholders' Equity Liabilities Accounts Payable Cash + A/R + Supp. + Equip. + Common Stock + Retained Earnings Revenues Expenses Div 1. $15.700 2. $15,700 - 1,300 -850 $5,000 $3,700 3. $850 4. 4,300 $6,400 $10,700 5. -2,400 -2,400 -2,600 6. 7. -870 -$870 8. 420 -420...
A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first...
A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Stockholders' Equity Cash+ A/R Supp. + Equip. Accounts Payable + Common Stock + Retained Earnings Revenues Expenses Dividends (1) $18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 S9,900 (4) (5) 2,500 (6)1,300 Serv. Rev. -2,500 -$1,300 Div. -790 -$790 Rent Exp 410 -410 (9) -4,000...
Atabular analysis of the transactions made during August 2022 by Cullumber Company during its first month...
Atabular analysis of the transactions made during August 2022 by Cullumber Company during its first month of operations is shown below. Each increase and decrease in stockholders'equity is explained Assets Liabilities Accounts Payable Stockholders' Equity Retained Earnings Cash Common + AR + Supp. + Equip Stock Revenues Expenses Divi 1 $17,200 2 $17,200 -1,400 -550 $5.100 $2.700 $550 4 3.500 55,600 59.100 5. 6. -2500 -2.500 - 2.500 $ 2 -740 - $740 8 520 -520 9 - 3.200 3200...
A tabular analysis of the transactions made during August 2022 by Ivanhoe Company during its first...
A tabular analysis of the transactions made during August 2022 by Ivanhoe Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable+ Common Stock+ Retained Earnings Revenues- Expenses- Dividends 1. $21,700 $21,700 2. -1,000 $5,000 $4,000 3. -950 $950 3,100 $6,200 $9,300 Serv. Rev. 5. -2,200 -2,200 6. -1,900 -$1,900 -730 -$730 Rent Exp. 8....
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Stockholders' Equity Assets Liabilities + Supp. + Equip. Accounts Payable + Common Stock +Retained Earnings +A/R Cash Expenses Dividends Revenues $22,100 $22,100 1. $3,450 $5,030 -1,580 2. $790 3. -790 Serv. Rev $9,800 $6,300 3,500 4. -1,700 -1,700 5. -$1,500 -1,500 6. Rent Exp. -$820 -820 7. -500...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets - Cash + A/R + Supp. + Equip. Liabilities + Stockholders' Equity Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses Dividends $ 22,100 $22,100 - $5,030 $3,450 -1,580 -790 3,500 $790 Serv. Rev. $6,300 -1.700 -$1,500 -1.500 6 N -$820 Rent Exp. -820 500...
A tabular analysis of the transactions made during August 2022 by Crane Company during its first...
A tabular analysis of the transactions made during August 2022 by Crane Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Revenues - Expenses - Dividends 1. $22,800 $22,800 -1,400 $5,000 $3,600 -800 $800 3,400 $6,100 $9,500 Serv. Rev. -2,100 -2,100 -2,500 -$2,500 -$860 Rent Exp. -860 430...
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first...
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $21,400 $21,400 -1,730 $4,980 $3,250 -900 $900 4,900 $5,600 $10,500 Serv. Rev. i -1,800 -1,800 -3,000 -$3,000 -810 - $810 Rent...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $15,500 $15,500 -1,000 $4,900 $3,900 -750 $750 3,700 $5,900 $9,600 Serv. Rev. -1,600 - 1,600 -1,000 -$1,000 -770 -$770 Rent Exp....
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Cash + A/R + Supp. + Equip. - Accounts Payable + Common Stock + Stockholders' Equity Retained Earnings Revenues - Expenses - Dividends $23,700 $5,080 $3,300 $730 $6,300 $10,300 Serv. Rev. 1. $23,700 2. -1,780 3. -730 4 4,000 5. -2,400 6 -2,600 7. -760 8. 460...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets + Stockholders' Equity Liabilities Accounts Payable Cash + A/R + Supp. + Equip. + Common Stock + Retained Earnings Revenues Expenses Div 1. $15.700 2. $15,700 - 1,300 -850 $5,000 $3,700 3. $850 4. 4,300 $6,400 $10,700 5. -2,400 -2,400 -2,600 6. 7. -870 -$870 8. 420 -420...
A tabular analysis of the transactions made during August 2017 by Sheridan Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Stockholders' Equity Cash+ A/R Supp. + Equip. Accounts Payable + Common Stock + Retained Earnings Revenues Expenses Dividends (1) $18,400 $18,400 Com. Stock $5,060 $3,950 -780 $780 4,500 $5,400 S9,900 (4) (5) 2,500 (6)1,300 Serv. Rev. -2,500 -$1,300 Div. -790 -$790 Rent Exp 410 -410 (9) -4,000...
Atabular analysis of the transactions made during August 2022 by Cullumber Company during its first month of operations is shown below. Each increase and decrease in stockholders'equity is explained Assets Liabilities Accounts Payable Stockholders' Equity Retained Earnings Cash Common + AR + Supp. + Equip Stock Revenues Expenses Divi 1 $17,200 2 $17,200 -1,400 -550 $5.100 $2.700 $550 4 3.500 55,600 59.100 5. 6. -2500 -2.500 - 2.500 $ 2 -740 - $740 8 520 -520 9 - 3.200 3200...
A tabular analysis of the transactions made during August 2022 by Ivanhoe Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable+ Common Stock+ Retained Earnings Revenues- Expenses- Dividends 1. $21,700 $21,700 2. -1,000 $5,000 $4,000 3. -950 $950 3,100 $6,200 $9,300 Serv. Rev. 5. -2,200 -2,200 6. -1,900 -$1,900 -730 -$730 Rent Exp. 8....
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Stockholders' Equity Assets Liabilities + Supp. + Equip. Accounts Payable + Common Stock +Retained Earnings +A/R Cash Expenses Dividends Revenues $22,100 $22,100 1. $3,450 $5,030 -1,580 2. $790 3. -790 Serv. Rev $9,800 $6,300 3,500 4. -1,700 -1,700 5. -$1,500 -1,500 6. Rent Exp. -$820 -820 7. -500...
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets - Cash + A/R + Supp. + Equip. Liabilities + Stockholders' Equity Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses Dividends $ 22,100 $22,100 - $5,030 $3,450 -1,580 -790 3,500 $790 Serv. Rev. $6,300 -1.700 -$1,500 -1.500 6 N -$820 Rent Exp. -820 500...
A tabular analysis of the transactions made during August 2022 by Crane Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Revenues - Expenses - Dividends 1. $22,800 $22,800 -1,400 $5,000 $3,600 -800 $800 3,400 $6,100 $9,500 Serv. Rev. -2,100 -2,100 -2,500 -$2,500 -$860 Rent Exp. -860 430...
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $21,400 $21,400 -1,730 $4,980 $3,250 -900 $900 4,900 $5,600 $10,500 Serv. Rev. i -1,800 -1,800 -3,000 -$3,000 -810 - $810 Rent...
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $15,500 $15,500 -1,000 $4,900 $3,900 -750 $750 3,700 $5,900 $9,600 Serv. Rev. -1,600 - 1,600 -1,000 -$1,000 -770 -$770 Rent Exp....
A tabular analysis of the transactions made during August 2022 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Cash + A/R + Supp. + Equip. - Accounts Payable + Common Stock + Stockholders' Equity Retained Earnings Revenues - Expenses - Dividends $23,700 $5,080 $3,300 $730 $6,300 $10,300 Serv. Rev. 1. $23,700 2. -1,780 3. -730 4 4,000 5. -2,400 6 -2,600 7. -760 8. 460...
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