the options for the answers are the same for the other blanks on the left
you have to type in the actual calculations into every single column, except the left one which has the available answers shown for them
Homework Answers
| Statement of Changes to Equity | |||
| Year Ended December 31,2022 | |||
|
Common Shares |
Retained Earnings |
Total Equity |
|
| Balance, Jan. 1 | $0 | $0 | $0 |
| Issued common shares | $51,000 | $51,000 | |
| Net income / (Loss) | $57,700 | $57,700 | |
| Dividends declared | ($1,000) | ($1,000) | |
| Balance, Dec. 31 | $51,000 | $56,700 | $107,700 |
Calculations:
| Income Statement | ||
| Revenue | $145,000 | |
| Expenses: | ||
| Insurance expense | $4,800 | |
| Interest expense | $4,000 | |
| Salaries expense | $78,500 | |
| Total expenses | $87,300 | |
| Net income | $57,700 | |
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Donalty Corporation opened for business on January 1, 2022. The following information is available with regards...
Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55.000 $130.200 $51,000 $1,000 $25,000 $4,800 $4.000 $145.000 $78,500 The following information was also available for the vear: Activate Windows 50 to activate wind Donalty Corporation. Statement of Changes in Equity Year...
Question 4 of 4 - /20 Donalty Corporation opened for business on January 1, 2022. The...
Question 4 of 4 - /20 Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55,000 $130,200 $51.000 $1,000 $25.000 $4,800 $4,000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50.200...
9.6/2015 Donalty Corporation opened for business on January 1, 2022. The following information is available with...
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just need helo filling out photo 4:) Ayayal Corporation began operations on January 1, 2022. The...
just need helo filling out photo 4:)
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Cuppa Beverage Ltd. has just completed its first year of operations. Presented below are its income...
Cuppa Beverage Ltd. has just completed its first year of operations. Presented below are its income statement and statement of financial position. No dividends were paid during the year. CUPPA BEVERAGE LTD. Income Statement Year Ended July 31, 2012 $ A 31,000 Sales Operating expenses Depreciation expense Profit before income tax expense Income tax Profit 1,000 $ D CUPPA BEVERAGE LTD. Balance Sheet Assets $ Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation Total assets F 200 5,500 600...
Question 3: (11 marks) Cuppa Beverage Ltd. has just completed its first year of operations. Presented...
Question 3: (11 marks) Cuppa Beverage Ltd. has just completed its first year of operations. Presented below are its income statement and statement of financial position. No dividends were paid during the year. CUPPA BEVERAGE LTD. Income Statement Year Ended July 31, 2012 $ A 31,000 Sales Operating expenses Depreciation expense Profit before income tax expense Income tax Profit $ 1,000 D CUPPA BEVERAGE LTD. Balance Sheet Assets $ Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation Total assets...
Camping revenue Cash Equipment Accounts payable Bank loan payable Income tax expense Dividends declared Operating expenses...
Camping revenue Cash Equipment Accounts payable Bank loan payable Income tax expense Dividends declared Operating expenses Supplies Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 $283,000 19,000 124,000 16,500 50,000 10,000 12,000 245,000 2,500 30,000 15,000 18,000 Instructions a. Determine net income for the year. b. Prepare a statement of changes in equity and a statement of financial position for the year.
Credit STURGE TECHNOLOGY SERVICES LTD. Statement of Changes in Equity Year Ended August 31, 2021 Common...
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hese financial statement items are for Crane Corporation at year end, July 31, 2018: Operating expenses...
hese financial statement items are for Crane Corporation at year
end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
need help please, thank you! Here are incomplete financial statements for Carla Vista, Inc.: Calculate the...
need help please, thank you!
Here are incomplete financial statements for Carla Vista, Inc.: Calculate the missing amounts. Assets Cash Accounts receivable Building CARLA VISTA, INC. Statement of Financial Position December 31, 2022 Liabilities and Shareholders' Equity $5.900 Liabilities 11.800 Accounts payable 53.100 Shareholders equity $70.800 Common shares (a) $5.900 Total assets Retained earnings (b) $70.800 Total liabilities and shareholders equity $100,300 CARLA VISTA, INC. Statement of Income Year Ended December 31, 2022 Service revenue Salaries expense (c) Operating expenses...
Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55.000 $130.200 $51,000 $1,000 $25,000 $4,800 $4.000 $145.000 $78,500 The following information was also available for the vear: Activate Windows 50 to activate wind Donalty Corporation. Statement of Changes in Equity Year...
Question 4 of 4 - /20 Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55,000 $130,200 $51.000 $1,000 $25.000 $4,800 $4,000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50.200...
9.6/2015 Donalty Corporation opened for business on January 1, 2022. The following information is available with regards to their accounts as of December 31, 2022: Accounts payable Accounts receivable Administrative expenses Bank loan Cash Common shares Dividends declared Equipment Insurance expense Interest expense Revenue Salaries expense $2,500 $5,500 $4,500 $55,000 $130,200 $51,000 $1,000 $25,000 $4,800 $4,000 $145,000 $78,500 The following information was also available for the year: Net cash used by operating activities was $50,200 Cash of $25,000 was paid...
just need helo filling out photo 4:)
Ayayal Corporation began operations on January 1, 2022. The following information is available for Ayayai Corporation on December 31, 2022. $5,600 1,920 Accounts payable Accounts receivable Advertising expense Cash Common shares (Dec. 31) Dividends declared Equipment Income tax expense $4,000 2,400 1,600 2,480 12,000 2,000 22,240 1,440 Bank loan payable Rent expense Retained earnings (Dec. 31) Salaries expense Service revenue Supplies Supplies expense 4,640 20,000 1,520 1,360 4/ 6 III Revenues Service Revenue...
Cuppa Beverage Ltd. has just completed its first year of operations. Presented below are its income statement and statement of financial position. No dividends were paid during the year. CUPPA BEVERAGE LTD. Income Statement Year Ended July 31, 2012 $ A 31,000 Sales Operating expenses Depreciation expense Profit before income tax expense Income tax Profit 1,000 $ D CUPPA BEVERAGE LTD. Balance Sheet Assets $ Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation Total assets F 200 5,500 600...
Question 3: (11 marks) Cuppa Beverage Ltd. has just completed its first year of operations. Presented below are its income statement and statement of financial position. No dividends were paid during the year. CUPPA BEVERAGE LTD. Income Statement Year Ended July 31, 2012 $ A 31,000 Sales Operating expenses Depreciation expense Profit before income tax expense Income tax Profit $ 1,000 D CUPPA BEVERAGE LTD. Balance Sheet Assets $ Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation Total assets...
Camping revenue Cash Equipment Accounts payable Bank loan payable Income tax expense Dividends declared Operating expenses Supplies Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 $283,000 19,000 124,000 16,500 50,000 10,000 12,000 245,000 2,500 30,000 15,000 18,000 Instructions a. Determine net income for the year. b. Prepare a statement of changes in equity and a statement of financial position for the year.
Credit STURGE TECHNOLOGY SERVICES LTD. Statement of Changes in Equity Year Ended August 31, 2021 Common Shares Retained Earnings $ Total EqL < $ STURGE TECHNOLOGY SERVICES LTD. Adjusted Trial Balance August 31, 2021 Debit Cash $11.430 Accounts receivable 18,350 Supplies 3,300 Prepaid insurance 3.700 Equipment 27.100 Accumulated depreciation equipment Accounts payable Selaries payable Interest payable Rent payable Income tax payable Deferred revenue Bank loan payable, 2024 Common shares Retained earnings Dividends declared 400 Service revenue Salaries expense 19.200 Rent...
hese financial statement items are for Crane Corporation at year
end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
need help please, thank you!
Here are incomplete financial statements for Carla Vista, Inc.: Calculate the missing amounts. Assets Cash Accounts receivable Building CARLA VISTA, INC. Statement of Financial Position December 31, 2022 Liabilities and Shareholders' Equity $5.900 Liabilities 11.800 Accounts payable 53.100 Shareholders equity $70.800 Common shares (a) $5.900 Total assets Retained earnings (b) $70.800 Total liabilities and shareholders equity $100,300 CARLA VISTA, INC. Statement of Income Year Ended December 31, 2022 Service revenue Salaries expense (c) Operating expenses...
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