Homework Answers
| Correct Option B i.e. $(14,800) | |||
| Calculation of Cash flow from Financing activity | |||
| Redemption of Note Payable | (4,000) | ||
| Dividend paid | (10,800) | ||
| Net Cash used in from Financing activity | (14,800) | ||
| Calculation of Dividend paid | |||
| Beg. Retained earning | 8,200 | ||
| Add: Net Income | 12,100 | ||
| Less: DIVIDEND Paid | (10,800) | (Balancing figure) | |
| Ending Retaine earning | 9,500 | ||
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Question 29 1 pts Given this information: 2019 2020 2019 $3,2 $8 $1,4 Cash $4,000 $2,400...
8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write...
8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write a definition explain what it is used for, 2) identify what type of account it is, 3) what it's normal balance is, and 4) which financial statement it appears on. (You should also be able to do this for any account names that have been introduced so far that don't appear in this specific problem.) Then, prepare a multiple-step income statement statement of retained...
Above is the question that needs to be answered, I will post useful information below to...
Above is the question that needs to be
answered, I will post useful information below to assist with the
problem.
ADJ: Adjustments that need to be made
T Accounts WITH ADJ
included
ADJ entires made
Summary of everything done
Trial Balance after ADJ
entries as well
(All needed to answer the first question above)
Prepare a classified Balance Sheet at December 31, 2019 for Cut the Green Stuff (the review problem from Chapter 2) 1-Dec Rent expense 1 1,300 Cash...
1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200...
1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200 3,000 Inventory 800 1,000 Accounts Payable- 800 1,600 Retained Earnings 4,400 5,300 Income Statement- Fiscal year 2020- $13,000 Sales Revenues Cost of Goods Sold 6,800 Net Income $1,400 Required 1. Determine the cash collected from customers for the sales during 2020. 2. Determine the cash paid to purchase inventory during 2020. 3. Determined the cash paid as dividend during 2020 4. Indicate how the...
1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200...
1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200 3,000 Inventory 800 1,000 Accounts Payable- 800 1,600 Retained Earnings 4,400 5,300 Income Statement- Fiscal year 2020- $13,000 Sales Revenues Cost of Goods Sold 6,800 Net Income $1,400 Required 1. Determine the cash collected from customers for the sales during 2020. 2. Determine the cash paid to purchase inventory during 2020. 3. Determined the cash paid as dividend during 2020 4. Indicate how the...
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019....
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019. Salaries and wages payable $ 1,600 Notes payable (long-term) $ 2,100 Salaries and wages expense 51,400 Cash 15,500 Utilities expense 22,100 Accounts receivable 9,700 Equipment 30,800 Accumulated depreciation equipment 5,800 Accounts payable 5,000 Dividends 3,400 Service revenue 60,500 Depreciation expense 4,200 Rent revenue 8,100 Retained Earnings (beginning of the year) 20,400 Common Stock 33,600 Prepare an income statement for the year. (Enter negative amounts...
______________________________________________________ Ensley, Inc. Adjusted Trial Balance December 31, 2020 Debit Credit Cash 83,050 Accounts Receivable 220,000...
______________________________________________________ Ensley, Inc. Adjusted Trial Balance December 31, 2020 Debit Credit Cash 83,050 Accounts Receivable 220,000 Prepaid Insurance 24,000 Supplies 2,700 Inventory 48,000 Equipment 160,000 Accumlated Depreciation- Equipment 30,000 Accounts Payable 159,500 Interest Payable 1,333 Wages Payable 500 Unearned Revenue - Alarm Systems 4,000 Long-Term Bank Note Payable 100,000 Common Stock 75,000 Retained Earnings 84,050 Dividends 7,000 Revenue 403,000 Cost of the Goods Sold 132,500 Depreciation Expense - Equipment 0 Insurance Expense 12,000 Interest Expense 1,333 Rent Expense 24,000 Supplies...
8/20/2020 Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) Print by: Misty McCurley AC201:AC2011NF1A2020 Principles Financial...
8/20/2020 Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) Print by: Misty McCurley AC201:AC2011NF1A2020 Principles Financial Accounting / AC201 - Extra Credit Opportunity 2 (Chapter 5 Comprehensive Problem) *Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) On December 1, 2017, Devine Distributing Company had the following account balances. Debit Cash Accounts Receivable Inventory Supplies Equipment $7,300 5,000 12,400 1,500 22,000 $48,200 Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Credit $2,200 4,800 1,000 15,100 25,100...
please help NAM Accelerated Delivery Services, Inc. Unajusted to balance 12/01/2019 QUIZ 2 - ACCT 2010...
please help
NAM Accelerated Delivery Services, Inc. Unajusted to balance 12/01/2019 QUIZ 2 - ACCT 2010 al 2020 Undjusted ACCT M CH OR 12,400 20,000 32,400 20,100 3015 3015 150 9000 36,000 34,000 207.000 1600 TOOD 14 000 247.000 52400 26758 205 24,700 32,400 12.000 8400 176.00 820 2450 Accounts Receivable Allowance for Collectible Acts Prepaid Mont Inventory Delivery Vehicles Accumulated Depreciation Accounts Payable Deferred Revenue Wages Payable Acore Interest Payable Utilities Payable Note Payable-Bank Western Due 4/23 Common Stock...
1. The Investor acquired 75% of Investee on January 1, 2020 for $105,000. At acquisition the...
1. The Investor acquired 75% of Investee on January 1, 2020 for $105,000. At acquisition the fair value of the noncontrolling interest was $35,000. Trial Balances for the two entities at December 31, 2020 are: Investor Investee Debit Credit Debit Credit Cash 68,500 32,000 Accounts Receivable 85,000 14,000 Inventory 97,000 24,000 Land 42,875 25,000 Buildings & Equipment 350,000 150,000 Investment in Subsidary 118,875 Cost of Goods Sold 145,000 114,000 Wage Expense 35,000 20,000 Depreciation Expense 25,000 10,000 Interest Expense 12,000...
QUESTION 1. On December 31, 2019, Clean and White Linen Supplies Ltd. had the following account...
QUESTION 1. On December 31, 2019, Clean and White Linen Supplies Ltd. had the following account balances: Cash $ 90,000 Accumulated Depreciation, Equipment $ 90,000 Accounts Receivable 96,000 Accounts Payable 60,000 Inventory 60,000 Wages Payable 8,000 Supplies 2,000 Bank Loan Payable 150,000 Long-Term Investment 80,000 Common Shares 250,000 Equipment 330,000 Retained Earnings 100,000 In 2020, the following transactions occurred: 1.On January 1, paid $3,900 for a three-year fire insurance policy. 2.Purchased additional uniform inventory on credit for $120,000. 3.Sold uniforms...
8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write a definition explain what it is used for, 2) identify what type of account it is, 3) what it's normal balance is, and 4) which financial statement it appears on. (You should also be able to do this for any account names that have been introduced so far that don't appear in this specific problem.) Then, prepare a multiple-step income statement statement of retained...
Above is the question that needs to be
answered, I will post useful information below to assist with the
problem.
ADJ: Adjustments that need to be made
T Accounts WITH ADJ
included
ADJ entires made
Summary of everything done
Trial Balance after ADJ
entries as well
(All needed to answer the first question above)
Prepare a classified Balance Sheet at December 31, 2019 for Cut the Green Stuff (the review problem from Chapter 2) 1-Dec Rent expense 1 1,300 Cash...
1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200 3,000 Inventory 800 1,000 Accounts Payable- 800 1,600 Retained Earnings 4,400 5,300 Income Statement- Fiscal year 2020- $13,000 Sales Revenues Cost of Goods Sold 6,800 Net Income $1,400 Required 1. Determine the cash collected from customers for the sales during 2020. 2. Determine the cash paid to purchase inventory during 2020. 3. Determined the cash paid as dividend during 2020 4. Indicate how the...
1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200 3,000 Inventory 800 1,000 Accounts Payable- 800 1,600 Retained Earnings 4,400 5,300 Income Statement- Fiscal year 2020- $13,000 Sales Revenues Cost of Goods Sold 6,800 Net Income $1,400 Required 1. Determine the cash collected from customers for the sales during 2020. 2. Determine the cash paid to purchase inventory during 2020. 3. Determined the cash paid as dividend during 2020 4. Indicate how the...
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019. Salaries and wages payable $ 1,600 Notes payable (long-term) $ 2,100 Salaries and wages expense 51,400 Cash 15,500 Utilities expense 22,100 Accounts receivable 9,700 Equipment 30,800 Accumulated depreciation equipment 5,800 Accounts payable 5,000 Dividends 3,400 Service revenue 60,500 Depreciation expense 4,200 Rent revenue 8,100 Retained Earnings (beginning of the year) 20,400 Common Stock 33,600 Prepare an income statement for the year. (Enter negative amounts...
8/20/2020 Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) Print by: Misty McCurley AC201:AC2011NF1A2020 Principles Financial Accounting / AC201 - Extra Credit Opportunity 2 (Chapter 5 Comprehensive Problem) *Comprehensive Accounting Cycle Review 5-1 (Part Level Submission) On December 1, 2017, Devine Distributing Company had the following account balances. Debit Cash Accounts Receivable Inventory Supplies Equipment $7,300 5,000 12,400 1,500 22,000 $48,200 Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Credit $2,200 4,800 1,000 15,100 25,100...
please help
NAM Accelerated Delivery Services, Inc. Unajusted to balance 12/01/2019 QUIZ 2 - ACCT 2010 al 2020 Undjusted ACCT M CH OR 12,400 20,000 32,400 20,100 3015 3015 150 9000 36,000 34,000 207.000 1600 TOOD 14 000 247.000 52400 26758 205 24,700 32,400 12.000 8400 176.00 820 2450 Accounts Receivable Allowance for Collectible Acts Prepaid Mont Inventory Delivery Vehicles Accumulated Depreciation Accounts Payable Deferred Revenue Wages Payable Acore Interest Payable Utilities Payable Note Payable-Bank Western Due 4/23 Common Stock...
1. The Investor acquired 75% of Investee on January 1, 2020 for $105,000. At acquisition the fair value of the noncontrolling interest was $35,000. Trial Balances for the two entities at December 31, 2020 are: Investor Investee Debit Credit Debit Credit Cash 68,500 32,000 Accounts Receivable 85,000 14,000 Inventory 97,000 24,000 Land 42,875 25,000 Buildings & Equipment 350,000 150,000 Investment in Subsidary 118,875 Cost of Goods Sold 145,000 114,000 Wage Expense 35,000 20,000 Depreciation Expense 25,000 10,000 Interest Expense 12,000...
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