Homework Answers
| Balance sheet | |||||||
| December 31,2022 | |||||||
| Assets | |||||||
| Cash | 15,700 | ||||||
| Accounts receivable | 12,400 | ||||||
| Supplies | 9,400 | ||||||
| Equipment | 37,500 | ||||||
| total assets | 75,000 | ||||||
| liabilities and stockholders equity | |||||||
| liabilities. | |||||||
| Accounts payable | 15,000 | ||||||
| Stockholders equity | |||||||
| common stock | 46,000 | ||||||
| Retained earnings | 14000 | ||||||
| total stockholders Equity | 60,000 | ||||||
| total liabilities & stockholders Equity | 75,000 | ||||||
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PHANIE VEHS BACK NEXT Wayne Holtz is the bookkeeper for Carla Vista Co.. Wayne has been...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance sheet of Sandhill Co to balance. It finally balanced, but now he's not sure it is Sandhill Co. Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity Cash $16,300 Accounts payable $15,800 Supplies 10,200 Accounts receivable (12,400) Equipment 42,000 7,200 Dividends Total assets Common stock 46,000 Retained earnings 26,300 Total liabilities and stockholders' equity $75,700 $75,700 Prepare a correct balance sheet. (List assets...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: Carla Vista Co....
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: Carla Vista Co. Income Statements For the Years Ended December 31 2020 Net sales $1,897,540 Cost of goods sold 1,065,540 Gross profit 832,000 Selling and administrative expenses 507,000 Income from operations 325,000 Other expenses and losses Interest expense 24,000 Income before income taxes 301,000 Income tax expense 94,000 Net income $207,000 2019 $1,757,500 1,013,000 744,500 486,000 258,500 22,000 236,500 75,000 $161,500 2020 2019 Carla Vista Co. Balance...
me: 09:00 PM / Remaining: 605 min. Do It! Review 2-01a Carla Vista Co. has collected...
me: 09:00 PM / Remaining: 605 min. Do It! Review 2-01a Carla Vista Co. has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $21,000 48,900 9,000 1,800 Equipment $184,000 Inventory 65,000 Supplies 5,400 Goodwill 4,500 Prepare the assets section of Carla Vista Co.'s balance sheet. (List Current Assets in order of liquidity.) CARLA VISTA CO. Balance Sheet (partial) Assets
please help The following items are taken from the financial statements of Carla Vista Co. at...
please help
The following items are taken from the financial statements of Carla Vista Co. at December 31, 2022 Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation--buildings Accounts payable Mortgage payable Accumulated depreciation equipment Interest payable Income taxes payable Patents $195,000 21.800 10,200 11,950 82,800 263,200 45,850 5,500 12.200 77.500 509,000 33.800 9.100 81,300 18.900 3.400 15.600 46.800 Patents Investments in stock...
The comparative statements of Carla Vista Co. are presented here. CARLA VISTA CO. Income Statements For...
The comparative statements of Carla Vista Co. are presented here. CARLA VISTA CO. Income Statements For the Years Ended December 31 2017 2016 Net sales $1,898,540 $1,758,500 Cost of goods sold 1,066,540 1,014,000 Gross profit 832,000 744,500 Selling and administrative expenses 508,000 324,000 487,000 257,500 Income from operations Other expenses and losses Interest expense 23,700 21,700 Income before income taxes Income tax expense 300,300 93,700 $ 206,600 235,800 74,700 $ 161,100 Net income CARLA VISTA CO. Balance Sheets December 31...
me: 09:00 PM / Remaining: 598 min. Do It! Review 2-01a Carla Vista Co. has collected...
me: 09:00 PM / Remaining: 598 min. Do It! Review 2-01a Carla Vista Co. has collected the following information related to its December 31, 2022, balance sheet. $21,000 $184,000 65,000 48,900 Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) Equipment Inventory Supplies Goodwill 5,400 9,000 1,800 4,500 Prepare the assets section of Carla Vista Co.'s balance sheet. (List Current Assets in order of liquidity.) CARLA VISTA CO. Balance Sheet (partial) December 31, 2022 Assets Current Assets Accounts Receivable 21,000 Cash...
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co....
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $170,000 Dividends Sales revenue (from general store) Accounts payable $12,600 70,000 156,600 7,700 56,000 7,000 30,000 Notes payable 15,400 Expenses during 2022 11,900 Supplies 159,600 Common stock Retained earnings (1/1/2022) Cash Equipment Your answer is incorrect. Determine...
Wayne Holtz is the bookkeeper for Sandhill Co. Wayne has been trying to get the balance sheet of Sandhill Co to balance. It finally balanced, but now he's not sure it is Sandhill Co. Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity Cash $16,300 Accounts payable $15,800 Supplies 10,200 Accounts receivable (12,400) Equipment 42,000 7,200 Dividends Total assets Common stock 46,000 Retained earnings 26,300 Total liabilities and stockholders' equity $75,700 $75,700 Prepare a correct balance sheet. (List assets...
Your answer is partially correct. Wayne Holtz is the bookkeeper for Bonita Industries. Wayne has been trying to get the balance sheet Bonita Industries Balance Sheet December 31, 2017 Assets Liabilities and Stockholders' Equity Cash $12,800 Accounts 0 $10,800 Supplies 14,700 (17,200 ) 0 Equipment 34,800 45,200 Dividends 13,200 36,700 Retained earning Total liabilities and stockholders' equity Total assets $75,500 $75,500 Prepare a correct balance sheet. (List assets in order of liquidity) Bonita Industries Balance Sheet December 31, 2017 December...
View Policies Current Attempt in Progress These financial statement items are for Carla Vista Co. at year-end, July 31, 2022 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,800 59,200 16,900 17,860 3,600 67,800 9,800 3,000 16,000 34,140 11,000 7,400 4,000 4,000 35,700 Prepare an income statement for the year....
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: Carla Vista Co. Income Statements For the Years Ended December 31 2020 Net sales $1,897,540 Cost of goods sold 1,065,540 Gross profit 832,000 Selling and administrative expenses 507,000 Income from operations 325,000 Other expenses and losses Interest expense 24,000 Income before income taxes 301,000 Income tax expense 94,000 Net income $207,000 2019 $1,757,500 1,013,000 744,500 486,000 258,500 22,000 236,500 75,000 $161,500 2020 2019 Carla Vista Co. Balance...
me: 09:00 PM / Remaining: 605 min. Do It! Review 2-01a Carla Vista Co. has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $21,000 48,900 9,000 1,800 Equipment $184,000 Inventory 65,000 Supplies 5,400 Goodwill 4,500 Prepare the assets section of Carla Vista Co.'s balance sheet. (List Current Assets in order of liquidity.) CARLA VISTA CO. Balance Sheet (partial) Assets
please help
The following items are taken from the financial statements of Carla Vista Co. at December 31, 2022 Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation--buildings Accounts payable Mortgage payable Accumulated depreciation equipment Interest payable Income taxes payable Patents $195,000 21.800 10,200 11,950 82,800 263,200 45,850 5,500 12.200 77.500 509,000 33.800 9.100 81,300 18.900 3.400 15.600 46.800 Patents Investments in stock...
The comparative statements of Carla Vista Co. are presented here. CARLA VISTA CO. Income Statements For the Years Ended December 31 2017 2016 Net sales $1,898,540 $1,758,500 Cost of goods sold 1,066,540 1,014,000 Gross profit 832,000 744,500 Selling and administrative expenses 508,000 324,000 487,000 257,500 Income from operations Other expenses and losses Interest expense 23,700 21,700 Income before income taxes Income tax expense 300,300 93,700 $ 206,600 235,800 74,700 $ 161,100 Net income CARLA VISTA CO. Balance Sheets December 31...
me: 09:00 PM / Remaining: 598 min. Do It! Review 2-01a Carla Vista Co. has collected the following information related to its December 31, 2022, balance sheet. $21,000 $184,000 65,000 48,900 Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) Equipment Inventory Supplies Goodwill 5,400 9,000 1,800 4,500 Prepare the assets section of Carla Vista Co.'s balance sheet. (List Current Assets in order of liquidity.) CARLA VISTA CO. Balance Sheet (partial) December 31, 2022 Assets Current Assets Accounts Receivable 21,000 Cash...
Question 7 View Policies Current Attempt in Progress The adjusted trial balance for Carla Vista Co. is given below: CARLA VISTA CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,460 $10,460 Accounts Receivable 9,120 9.630 Supplies 1.960 2,990 4.200 Prepaid Insurance 2.750 Equipment 15,800 15,800 Accumulated Depreciation Equipment $4.755 $3.555 5.420 Accounts Payable 5.420 Salaries and Wages Payable 0 1,390 Unearned Rent Revenue 2.140 1.380 Common Stock 17,500 17.500 Retained Earnings 5,380 5,380...
Question 3 View Policies Show Attempt History Current Attempt in Progress Carla Vista Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2022. Service revenue (from camping fees) $170,000 Dividends Sales revenue (from general store) Accounts payable $12,600 70,000 156,600 7,700 56,000 7,000 30,000 Notes payable 15,400 Expenses during 2022 11,900 Supplies 159,600 Common stock Retained earnings (1/1/2022) Cash Equipment Your answer is incorrect. Determine...
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