Homework Answers
Answer:- Income statement
For the year ended December 31,2022
Service Revenue $77000
Expenses:-
Utility Expenses. $1300
Repair and maintainence expense. $4300
Depreciation Expenses. $5000
Insurance Expenses. $2400
Salaries expense. $31000
Income tax Expenses $5500
Net Income. $27500
Statement of retained earnings
Retained earning (beginning). $25000
(+)Net Income. $27500
$52500
(-) Dividends. $9000
Retained earnings (ending). $43500
Balance sheet.
For the year ended December 31,2022
Current Assets
Cash $12400
Account Receivable $8200
Prepaid insurance $8000
Total current Asset:- $28600
Long term investment:-
Equipments. $81000
(-) Accumulated Depreciation. $23600. $57400
Total Assets. $86000
Current Liabilities:-
Accounts payable $19200
Salaries and wages payable $3000
Income tax payable $4700
Total current Liabilities. $26900
Stockholders equity:-
Common stock (beginning) $13000
Common stock( closing). $2600
Retained earnings $43500
Total stockholders equity. $59100
Total Liabilities and stockholders equity. $86000
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income statement
statement of changes in equity
statement of financial position
These accounts and balances are...
These accounts and balances are taken from the financial statements of Ayayai Corporation for the year...
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Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase...
Prepare a retained earnings statement for
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increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
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need help please, thank you! Here are incomplete financial statements for Carla Vista, Inc.: Calculate the...
need help please, thank you!
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prepare an income statement of changes in stockholders equity
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Prepare a classified statement of financial position. Assume that $10,880 of the bank loan payable will...
Prepare a classified statement of financial position. Assume
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(List Property, plant and equipment in order of land,
buildings and equipment. List Current Assets in order of
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Prepare a retained earnings statement for
the year ended December 31, 2022. (List items that
increase retained earnings first.)
Prepare a classified balance sheet as of December 31, 2022.
(List Current Assets in order of
liquidity.)
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense...
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Prepare a classified statement of financial position. Assume
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(List Property, plant and equipment in order of land,
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