Homework Answers
|
1 |
Cash |
Balance Sheet |
It’s an asset. Classified as a current asset. |
|
2 |
Service Revenue |
Income Statement |
All revenue items are reported on the income statement. |
|
3 |
Notes Payable |
Balance Sheet |
It’s a liability. |
|
4 |
Interest Expense |
Income Statement |
All expense items are reported on the income statement. |
|
5 |
Accounts Receivable |
Balance Sheet |
It’s an asset. Classified as a current asset. |
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Current Attempt in Progress Identify whether the following items would be reported on the income statement...
create a statement:) Show Attem, Current Attempt in Progress The following items and amounts were taken...
create a statement:)
Show Attem, Current Attempt in Progress The following items and amounts were taken from Sheridan Inc.'s 2022 Statement of income and statement of financial position Cash Retained earnings Salaries expense Office expense Prepaid insurance Inventory Income tax expense $77.960 113,554 403,566 100,489 7,454 59,494 5,416 Accounts receivable Service revenue Income tax payable Accounts payable Rent revenue Interest expense $81,535 538,161 5,799 45,507 4,429 2,195 a) Your answer is correct. In each case, identify whether the item is...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
Required Identify whether each of the following items would appear on the income statement (IS), statement...
Required Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; If so, Identify all applicable statements. (Not all cells will require entry.) Statement Statement ces Item/Account a. Supplies b. Cash Flow from Financing Activities "As of Date Notation d. Ending Retained Earnings 0. Net Income 1. Dividends Net Change in...
Send to Gradebook ting Question 2 View Policies Current Attempt in Progress Indicate whether the following...
Send to Gradebook ting Question 2 View Policies Current Attempt in Progress Indicate whether the following items would appear on the income statement, balance sheet, or retained earnings statement. upport (a) Notes payable (b) Advertising expense Income statement (c) Common stock Balance sheet (d) Cash (e) Service revenue Income statement (f) Dividends e Textbook and Media Save for Later Last saved 1 second ago.
prepare an income statement for lonyear Inc for the year ended Decenmber 31, 2017. Current Attempt...
prepare an income statement for lonyear Inc for the year ended
Decenmber 31, 2017.
Current Attempt in Progress The following items and amounts were taken from Lonyear Inc's 2017 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense $ 84,700 123,192 438,458 115,131 7,818 64,618 88,419 584.951 6,499 49.384 4.806 1.882 Lonyear Inc. Income Statement $ cs $
- 10 Question 8 View Policies Current Attempt in Progress Listed in alphabetical order the following...
- 10 Question 8 View Policies Current Attempt in Progress Listed in alphabetical order the following selected items (in thousands) were taken from Carla Vista Information Technology Company's December 31, 2021, financial statements: 1. Accounts payable $900 7. Rent expense 2 Accounts receivable 910 8. S. Carla Vista, capital Jan 1 3. Cash 4,900 9. S. Carla Vista, drawings 4. Consulting revenue 17.200 10. Salaries expense 5. Equipment 5.790 11. Utilities expense 6. Interest expense $4,630 6,280 3.090 3.200 480...
Question 9 View Policies Current Attempt in Progress These financial statement items are for Sandhill Co....
Question 9 View Policies Current Attempt in Progress These financial statement items are for Sandhill Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $4,000 59,000 17,500 15,460 3,700 67,600 10,400 3,000 16,000 36,640 11,100 7,500 4,000 4,000 35,500 Prepare an income statement for the...
Identify financial statement components and prepare income statement. E1-8 The following items and amounts were taken...
Identify financial statement components and prepare income statement. E1-8 The following items and amounts were taken from Lonyear Inc.'s 2017 income statement and balance sheet Cash Accounts LO 3), C Retained earnings Cost of goods sold Salaries and wages 84,700 receivable 123,192 438,458 115,131 88,419 Sales revenue 584,951 6,499 49,384 Notes payable Accounts expense payable Prepaid insurance 7,818 Service revenue4,806 Inventory 64,618 Interest expense 1,882 Instructions (a) In each, case, identify on the blank line whether the item is an...
In Accountant The following items and amounts were taken from Cullumber Company's 2022 income statement and...
In Accountant
The following items and amounts were taken from Cullumber Company's 2022 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory $ 86,400 Accounts receivable $ 90,400 121,700 Sales revenue 586,000 436,500 Notes payable 6,400 117,700 Accounts payable 55,000 8,100 Service revenue 4,500 64,300 Interest expense 1,700 (a) In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Cash Retained earnings Cost...
Current Attempt in Progress These items are taken from the financial statements of Blossom Company at...
Current Attempt in Progress These items are taken from the financial statements of Blossom Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $107,916 12,852 3,264 12,077 84,048 62,424 796 5,406 2,652 61,200 40,801 46,512 9,690 95,472 19,094 3,672 14,994 Prepare a classifted balance sheet. Assume that $13,872 of the note...
create a statement:)
Show Attem, Current Attempt in Progress The following items and amounts were taken from Sheridan Inc.'s 2022 Statement of income and statement of financial position Cash Retained earnings Salaries expense Office expense Prepaid insurance Inventory Income tax expense $77.960 113,554 403,566 100,489 7,454 59,494 5,416 Accounts receivable Service revenue Income tax payable Accounts payable Rent revenue Interest expense $81,535 538,161 5,799 45,507 4,429 2,195 a) Your answer is correct. In each case, identify whether the item is...
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
Required Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; If so, Identify all applicable statements. (Not all cells will require entry.) Statement Statement ces Item/Account a. Supplies b. Cash Flow from Financing Activities "As of Date Notation d. Ending Retained Earnings 0. Net Income 1. Dividends Net Change in...
Send to Gradebook ting Question 2 View Policies Current Attempt in Progress Indicate whether the following items would appear on the income statement, balance sheet, or retained earnings statement. upport (a) Notes payable (b) Advertising expense Income statement (c) Common stock Balance sheet (d) Cash (e) Service revenue Income statement (f) Dividends e Textbook and Media Save for Later Last saved 1 second ago.
prepare an income statement for lonyear Inc for the year ended
Decenmber 31, 2017.
Current Attempt in Progress The following items and amounts were taken from Lonyear Inc's 2017 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense $ 84,700 123,192 438,458 115,131 7,818 64,618 88,419 584.951 6,499 49.384 4.806 1.882 Lonyear Inc. Income Statement $ cs $
- 10 Question 8 View Policies Current Attempt in Progress Listed in alphabetical order the following selected items (in thousands) were taken from Carla Vista Information Technology Company's December 31, 2021, financial statements: 1. Accounts payable $900 7. Rent expense 2 Accounts receivable 910 8. S. Carla Vista, capital Jan 1 3. Cash 4,900 9. S. Carla Vista, drawings 4. Consulting revenue 17.200 10. Salaries expense 5. Equipment 5.790 11. Utilities expense 6. Interest expense $4,630 6,280 3.090 3.200 480...
Question 9 View Policies Current Attempt in Progress These financial statement items are for Sandhill Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $4,000 59,000 17,500 15,460 3,700 67,600 10,400 3,000 16,000 36,640 11,100 7,500 4,000 4,000 35,500 Prepare an income statement for the...
Identify financial statement components and prepare income statement. E1-8 The following items and amounts were taken from Lonyear Inc.'s 2017 income statement and balance sheet Cash Accounts LO 3), C Retained earnings Cost of goods sold Salaries and wages 84,700 receivable 123,192 438,458 115,131 88,419 Sales revenue 584,951 6,499 49,384 Notes payable Accounts expense payable Prepaid insurance 7,818 Service revenue4,806 Inventory 64,618 Interest expense 1,882 Instructions (a) In each, case, identify on the blank line whether the item is an...
In Accountant
The following items and amounts were taken from Cullumber Company's 2022 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory $ 86,400 Accounts receivable $ 90,400 121,700 Sales revenue 586,000 436,500 Notes payable 6,400 117,700 Accounts payable 55,000 8,100 Service revenue 4,500 64,300 Interest expense 1,700 (a) In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Cash Retained earnings Cost...
Current Attempt in Progress These items are taken from the financial statements of Blossom Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $107,916 12,852 3,264 12,077 84,048 62,424 796 5,406 2,652 61,200 40,801 46,512 9,690 95,472 19,094 3,672 14,994 Prepare a classifted balance sheet. Assume that $13,872 of the note...
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