Homework Answers
|
BLOSSOM COMOPANY Income Statement For the Year Ended December 31, 2022 |
||
| Revenues : | ||
| Service Revenue | $ 69,300 | |
| Expenses : | ||
| Utilities Expense | $ 2,120 | |
| Maintenance and Repairs Expense | $ 1,680 | |
| Depreciation Expense | $ 3,350 | |
| Insurance Expense | $ 2,450 | |
| Salaries and Wages Expense | $ 38,480 | |
| Total Expenses | ($ 48,080 ) | |
| Net Income (or) Net Operating Income | $ 21,220 |
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These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning...
need retained earnings statement These items are taken from the financial statements of Blossom Company for...
need retained earnings statement
These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010 Prepare...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) $33,380 Utilities expense 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable 6,010 1,650 3,140 15,650 Insurance expense 2,660 Salaries and wages expense 41,730 Accumulated depreciation-equipment 21,800 Prepare an income statement...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) Utilities expense $33,380 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance 6,010 Maintenance and repairs expense Depreciation expense Accounts receivable 1,650 3,140 15,650 Insurance expense Salaries and wages expense Accumulated depreciation-equipment 2,660 41,730 21,800 Prepare an income statement...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,800 2,180 65,300 18,290 14,060 6,820 22,600 12,000 4,100 5.900 2,000 72,400 7,320 1,620 3,160 14,900 2,640 41,290 21,560 Current Attempt in Progress Suppose...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,800 2,160 66,300 20,560 13,750 6,640 21,800 12,000 3,600 5,600 1,900 71,700 7,140 1,640 3,270 15,160 2,530 40.700 21.250 Prepare a retained earnings statement...
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning...
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480 CULLUMBER COMPANY Income Statement For...
These items are taken from the financial statements of Ivanhoe Company for 2022. $34,800 2,180 65,300...
These items are taken from the financial statements of Ivanhoe Company for 2022. $34,800 2,180 65,300 18,290 14,060 6,820 22,600 12,000 4,100 5,900 Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation equipment 2,000 72,400 7,320 1,620 3,160 14,900 2,640 41,290 21,560 (a 1) Prepare an...
These items are taken from the financial statements of Carla Vista Co, for 2022. Retained earnings...
These items are taken from the financial statements of Carla Vista Co, for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,380 2,150 63,800 18,340 14,300 5,510 23,200 12,000 3,500 6,300 2,100 72,760 6,010 1,650 3,140 15,650 2,660 41,730 21,800 (a2) Prepare a retained...
Problem 2-02A (Part Level Submission) These items are taken from the financial statements of Blossom Company...
Problem 2-02A (Part Level Submission) These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,000 2,100 67,000 19,900 11,100 4,000 22,000 12,000 3,000 5,500 2,100 69,000 4,500 1,700 3,500 12,700 2,300 38,000 18,600...
Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase...
Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
need retained earnings statement
These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,720 2,120 62,400 15,700 11,510 6,450 23,600 12,000 3,800 5,500 1,900 69,300 6,950 1,680 3,350 14,640 2,450 38,480 19,010 Prepare...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) $33,380 Utilities expense 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable 6,010 1,650 3,140 15,650 Insurance expense 2,660 Salaries and wages expense 41,730 Accumulated depreciation-equipment 21,800 Prepare an income statement...
These items are taken from the financial statements of Carla Vista Co. for 2022. Retained earnings (beginning of year) Utilities expense $33,380 2,150 Equipment 63,800 Accounts payable 18,340 Cash 14,300 5,510 Salaries and wage payable Common stock 23,200 Dividends 12,000 Supplies 3,500 Debt investment (long-term) 6,300 Trademarks 2,100 Service revenue 72,760 Prepaid insurance 6,010 Maintenance and repairs expense Depreciation expense Accounts receivable 1,650 3,140 15,650 Insurance expense Salaries and wages expense Accumulated depreciation-equipment 2,660 41,730 21,800 Prepare an income statement...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $34,800 2,180 65,300 18,290 14,060 6,820 22,600 12,000 4,100 5.900 2,000 72,400 7,320 1,620 3,160 14,900 2,640 41,290 21,560 Current Attempt in Progress Suppose...
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,800 2,160 66,300 20,560 13,750 6,640 21,800 12,000 3,600 5,600 1,900 71,700 7,140 1,640 3,270 15,160 2,530 40.700 21.250 Prepare a retained earnings statement...
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480 CULLUMBER COMPANY Income Statement For...
These items are taken from the financial statements of Ivanhoe Company for 2022. $34,800 2,180 65,300 18,290 14,060 6,820 22,600 12,000 4,100 5,900 Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation equipment 2,000 72,400 7,320 1,620 3,160 14,900 2,640 41,290 21,560 (a 1) Prepare an...
These items are taken from the financial statements of Carla Vista Co, for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $33,380 2,150 63,800 18,340 14,300 5,510 23,200 12,000 3,500 6,300 2,100 72,760 6,010 1,650 3,140 15,650 2,660 41,730 21,800 (a2) Prepare a retained...
Problem 2-02A (Part Level Submission) These items are taken from the financial statements of Blossom Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,000 2,100 67,000 19,900 11,100 4,000 22,000 12,000 3,000 5,500 2,100 69,000 4,500 1,700 3,500 12,700 2,300 38,000 18,600...
Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
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