Answer:
Calculation of retain earning :
Land = 3200
Accounts recivable =3400
Cash =4000
Total =$10,600
Less:Accounts payab. =1800
comman stock =3900
Dividents = 2000
Retain earning =2900
Add" Profit =1000(3200-2200
Retain Earning =$3900 Answer:
The following pre-closing accounts and balances were drawn from the records of Carolina Company on December...
16 The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $4,000 $2,000 $3,200 $1,800 Accounts receivable Common stock Revenue Expense $3,400 $3,900 $3,200 $2,200 Ask Print The amount of net income shown on Carolina's Year 1 income statement would amount to: Multiple Choice $2,200. $3,200. $1,000 $200
uiz Saved Help Save & Exit The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $4,000 $2,000 $3,200 $1,800 Accounts receivable Common stock Revenue Expense $3,400 $3,900 $3,200 $2,200 Total assets on Carolina's December 31, Year 1 balance sheet would amount to: Multiple Choice $12,600 $13,800 $7.200. $10,600
10 The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $ 4,000 $ 2,000 $ 3,200 $ 1,800 Accounts receivable Common stock Revenue Expense $ 3,400 $ 3.900 $ 3,200 $ 2,200 Total assets on Carolina's December 31. Year 1 balance sheet would amount to: I Edit Insert Format Tools Table 12pt Paragraph в I o Av т?,
The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $ 1,600 Accounts receivable 800 Common stock 1,100 Revenue 600 Expense $ 1,000 1,275 1,100 700 What is net income that will be shown on Carolina's Year 1 income statement? Multiple Choice $400 Multiple Choice $400 $700 $200 $1,100
solve for net income, liablilities , assets, retained earnings 10 The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $ 4,000 $ 2,000 $ 3,200 $ 1,800 Accounts receivable Common stock Revenue Expense $ 3,400 $ 3,900 $ 3,200 $ 2,200 Total assets on Carolina's December 31. Year 1 balance sheet would amount to: 1 Edit Insert Format Tools Table 12pt Paragraph В І од е...
The following accounts and balances were drawn from the records of Carolina Compon Dan Cash Dividends Land Accounts payable $ 4,000 $ 2.000 $ 3.200 $ 1.800 Accounts receivable Common stock Revenue Expense $ 3.400 $ 3,900 $ 3.200 $ 2.200 The amount of Carolina's retained earnings after closing on December 31, Year 1 was: Edit Insert Format Tools Table 12pt Paragraph BI U ALTO
The following accounts and balances were drawn from the records of Hoover Company on December 31, 2013 Cash $1,150 $2200 Accounts Receivable 1.100 Common Stock 1,400 Revenue 750 | Expense Dividends Land Accounts Payable 1,575 1.400 850 The amount of retained earnings as of January 1, 2014 was. Multiple Choice $2.975 $2.425
Frosty Inc. has the following balances on December 31 prior to closing entries: Revenues Retained Earnings, Jan. 1 Cash Expenses Accounts Payable Dividends Supplies $39, 300 9 ,300 7,200 23,500 3,400 2,200 19,100 Based upon the balances above, what net adjustment would be made to Retained Earnings due to closing entries? Multiple Choice o Increase of $16,600 Increase of $15,600
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued 720 Beginning retained earnings (7,700) Cash flow from financing act. 2,700 Rent expense 77,000 Dividends 41,000 Cash 240 Accounts receivable Prepaid rent 900 Unearned revenue 7,200 5,700 Accounts payable $ 20,000 (5,300) 2,600 4,900...
The following accounts and balances were drawn from the records of Hoover Company on December 31, 2019. Cash $ 500 Accounts Receivable $ 900 Dividends $ 300 Common Stock $1,950 Land $1,000 Revenue $ 800 Accounts Payable $ 450 Expense $ 250 Total assets on the December 31, 2019 Balance sheet would be: a. $2,300 b. $2,400 c. $1,950 d. $1,500