Question

Question #1

- X Data Table December 31, 2024 or parenthese select a label or enter a Account Title Balance Debit Credit 13,800 $ 14,500 7,400 18.200 49 500 35.100 19,500 12,900 9.700 8000 Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense- Furniture Advertising Expense 16,500 32,000 34,900 17200 40.900 25.500 9.100 2.400 900 12.000 $ 190,000 $ 190,000 Total Print Done Done CITA LG

Question #2

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Question #1

Question #2

Answer 1

$40,900 Hampton Advertising Services Income Statement Year Ended December 31, 2024 Revenues: Service Revenue Expenses: Salaries Expense $25,500 Supplies Expense $9,100 Depreciation Expense - Building $2,400 Depreciation Expense - Furniture $900 Advertising Expense $12,000 Total Expenses Net Income (Loss) $49,900 -$9,000 Hampton Advertising Services Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 Net Loss for the year Dividends Retained Earnings, December 31, 2024 $34,900 -$9,000 -$17,200 $8,700

$13,800 $14,500 $7,400 $35,700 $18,200 $14,400 Hampton Advertising Services Balance Sheet December 31, 2024 Assets Current Assets: Cash Accounts Receivable Office Supplies Total Current Assets Property, Plant and Equipment: Land Building $49,500 Accumulated Depreciation - Building -$35,100 Furniture $19,500 Accumulated Depreciation - Furniture -$12,900 Total Property, Plant and Equipment Total Assets Liabilities and Stockholders' Equity Current Liabilities: Accounts Payable Salaries Payable Unearned Revenue Total Liabilities Stockholder's Equity: Common stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $6,600 $39,200 $74,900 $9,700 $8,000 $16,500 $34,200 $32,000 $8,700 $40,700 $74,900