Homework Answers
Answer- Net Income for the month:-
| Service Revenue | $50,000 | |
| Less:- Expenses | ||
| Salaries | $15,000 | |
| Interest paid | $2,500 | |
| Rent paid | $12,500 | |
| Total Expenses | $30,000 | |
| Net Income | $20,000 |
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Question 13(5 points) List and explain the four categories of artifacts through which corporate culture is...
To create an income statement. On July 31, 2018, the following alphabetically ordered list of accounts...
To create an income statement.
On July 31, 2018, the following alphabetically ordered list of accounts and amounts was available for Wildhorse Repair Services Ltd Accounts payable $ 2,100 Equipment $9,500 Accounts receivable 3,000 Retained earnings 19,250 Accumulated depreciation equipment 1,900 Salaries payable 1,360 Accumulated depreciation-vehicles 5,500 Supplies 920 Bank loan payable (non-current) 4,300 Unearned revenue 1,210 Cash 8.900 Vehicles 27,500 Common shares 14,200 During August, the following summary transactions were completed: Aug. 1 Paid $270 for advertising on Kijiji...
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At June 30, 2018, the end of its most recent fiscal year, River Consultants Ltd. 's post-closing trial balance was as follows: Debit Credit Cash Accounts receivable Supplies Accounts payable Income tax payable Unearned revenue Common shares Retained earnings $15,700 1,300 700 $300 400 1,000 3,400 12,600 $17,700 $17,700 The company underwent a major expansion in July. New staff was hired and more financing was obtained. River conducted the...
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so these t-accounts
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To create an income statement.
On July 31, 2018, the following alphabetically ordered list of accounts and amounts was available for Wildhorse Repair Services Ltd Accounts payable $ 2,100 Equipment $9,500 Accounts receivable 3,000 Retained earnings 19,250 Accumulated depreciation equipment 1,900 Salaries payable 1,360 Accumulated depreciation-vehicles 5,500 Supplies 920 Bank loan payable (non-current) 4,300 Unearned revenue 1,210 Cash 8.900 Vehicles 27,500 Common shares 14,200 During August, the following summary transactions were completed: Aug. 1 Paid $270 for advertising on Kijiji...
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Record the journal entries in order as presented in the
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At June 30, 2018, the end of its most recent fiscal year, River Consultants Ltd. 's post-closing trial balance was as follows: Debit Credit Cash Accounts receivable Supplies Accounts payable Income tax payable Unearned revenue Common shares Retained earnings $15,700 1,300 700 $300 400 1,000 3,400 12,600 $17,700 $17,700 The company underwent a major expansion in July. New staff was hired and more financing was obtained. River conducted the...
so these t-accounts
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