Homework Answers
Income statement for the month ended Nov30,2022
| Revenue | ||
| Service Revenue (A) (4366+1062+590) | 6018 | |
| Operating expenses | ||
| Salaries expense (708+1180+574) | 2462 | |
| Supplies (opn supplies xxxx +1534 purchases - closing 1298) | ||
| Rent | 574 | |
| Depreciation | 295 | |
| Total operating expense(B) | (Xxx) | |
| Net income (A - B) | Xxxx |
Other transactions doesnot effect income statement.
Note : details of opening supplies not mentioned In given images hence I marked as xxx. If you have those details please provide in comments section or you can add there. Feel free for asking doubts. Please upvote if helpful. Thank you.
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Flint Equipment Repair Income Statement For the Month Ended November 30, 2022 Revenues Service Revenue $...
Flint Equipment Repair began operating in September 2022. It prepares financial statements at the end of...
Flint Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information. Note that Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. Assets Stockhol + Accts. Rec. 3.430 + Liabilities Unearn Serv. Rev. + 472 + Cash 11/1 Bal. 3,296 + Acc. Depr. - Equip 590 Supplies + 1.314 +...
please read instructions carefully lint Equipment Repair began operating in September 2022. It prepares financial statements...
please read instructions carefully
lint Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On ovember 1, 2022, a tabular summary includes the following information. Note that Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. Assets + Stockhol + Accts. Rec. + Supplies + 3,430 + 1,314 + Liabilities Unearn. Serv. Rev. + 472 + Cash 11/1 Bal. 3.296...
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On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts...
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On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit...
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On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts...
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Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows....
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On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
Port Equipment Repair began operating in September 2022. It prepares financial statements at the end of...
Port Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month on Nebe12022. a tabular summary includes the following information. Note that Bridgeport began the month with 52 53 Reed Emine This balance represents the results of its first two months of business, Assets Stockhol Liabilities Unearn. Serv Acets. Rec 2 502 Cash 11/1 Bal 2.400 Rev. Acc Depr Equip 430 + Supplies 962 Equip 8.600 Accts. Pay 1.978 Sal./Wages Pay. 532 Stock...
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please read instructions carefully
lint Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On ovember 1, 2022, a tabular summary includes the following information. Note that Flint began the month with $3,540 in Retained Earnings. This balance represents the results of its first two months of business. Assets + Stockhol + Accts. Rec. + Supplies + 3,430 + 1,314 + Liabilities Unearn. Serv. Rev. + 472 + Cash 11/1 Bal. 3.296...
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On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit Cash Accounts Receivable Supplies Equipment s 3,250 Accumulated Depreciation-Equipment $500 2,760 400 840 10,460 3,460 $18,420 3,130 Accounts Payable 1,530 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,460 $18,420 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $380 is for November...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. Debits No. No. Credits Accumulated $ 2,400 154 Depreciation- Equipment $ 2,000 101 Cash Accounts Receivable Accounts Payable 112 4,250 201 2,600 Unearned Service 126 Supplies 1,800 209 1,200 Revenue Salaries and Wages Payable 153 Equipment 12,000 212 700 311 Common Stock 10,000 3,950 Retained Earnings 320 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
Port Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month on Nebe12022. a tabular summary includes the following information. Note that Bridgeport began the month with 52 53 Reed Emine This balance represents the results of its first two months of business, Assets Stockhol Liabilities Unearn. Serv Acets. Rec 2 502 Cash 11/1 Bal 2.400 Rev. Acc Depr Equip 430 + Supplies 962 Equip 8.600 Accts. Pay 1.978 Sal./Wages Pay. 532 Stock...
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