Homework Answers
BULLDOG INC.
INCOME STATEMENT
|
REVENUE |
$ 39000 |
|
EXPENSES: |
|
|
SALARIES |
23000 |
|
ADVERTISING |
6000 |
|
UTILITIES |
4000 |
|
NET INCOME |
6000 |
BULLDOG INC
STATEMENT OF STOCKHOLDER’S EQUITY
|
COMMON STOCK |
RETAINED EARNINGS |
TOTAL STOCKHOLDERS EQUITY |
|
|
BEGINNING BALANCE |
$ 10000 |
$ 7000 |
$ 17000 |
|
ISSUANCES |
1100 |
||
|
ADD: NET INCOME |
6000 |
6000 |
|
|
LESS: DIVIDENDS |
(3000) |
(3000) |
|
|
ENDING BALANCE |
$ 11100 |
$ 10000 |
$ 21100 |
BULLDOG INC.
BALANCE SHEET
|
ASSETS |
LIABILITIES |
||
|
CASH |
$ 4000 |
ACCOUNTS PAYABLE |
$ 4900 |
|
ACCOUNTS RECEIVABLES |
3000 |
STOCKHOLDERS EQUITY |
|
|
SUPPLIES |
9000 |
COMMON STOCK |
11100 |
|
EQUIPMENT |
10000 |
RETAINED EARNINGS |
10000 |
|
TOTAL ASSETS |
$ 26000 |
TOTAL LIABLITIES & STOCKHOLDERS EQUITY |
$ 26000 |
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Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 39,000 BULLDOG, INC....
calculate the missing amounts 39,000 BULLDOG, INC. Income Statement Revenues Expenses: Salaries Advertising Utilities Net income...
calculate the missing amounts
39,000 BULLDOG, INC. Income Statement Revenues Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders Stock Earnings Equity Beginning balance $ 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income 6,000 6,000 Less: Dividends (3,000) (3.000) Ending balance $ 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sh Liabilities 4,000 Accounts payable 3,000 Stockholders' Equity 9,000 Common...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. Complete this question...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Calculate the missing amounts. BULLDOG, INC. Income Statement Year ended Dec. 31, 2021 $ 38,000 Revenues Expenses Salaries 5,800 3,800 Advertising Utilities Net income Income Statement Stmt of Stockholders Equity> 2 Below are incomplete financial statements for Bulldog, Inc Required: Calculate the missing amounts 5 points Skipped Complete...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 31,500 BULLDOG, INC....
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 31,500 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising 4,500 2,500 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 8,500 $ 5,500 $ 14,000 Issuances 1,000 1,000 Add: Net income Less: Dividends (1,500) (1,500) Ending balance $ 9,500 $ 8,500 $ 18,000
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income...
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,000 Rent 6,000 Advertising 4,000 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,000 13,000 $ 6,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,000 4,000 $ 15,000 $ 7,000 $ 22,000 Assets $ CYCLONE, INC....
Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues Expenses: Salaries 36,000 5,400 3,400 Utilities...
Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues Expenses: Salaries 36,000 5,400 3,400 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 9,400 S 6,400 S 15,800 Issuances 1,100 1,100 Add: Net income Less: Dividends (2,400) (2.400) Ending balance $ 10,500 $ 9,400 $ 19,900 Assets $ Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Liabilities 3,400 Accounts payable 2,400 Stockholders' Equity 8,400 Common stock...
BULLDOG, INC. Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $10,000...
BULLDOG, INC. Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $10,000 $7,000 $17,000 Issuances 1,100 1,100 Add: Net income ******* ********* Less: Dividends (3,000) (3,000) Ending balance $11,100 $10,000 $21,100 I need to find the answers to where the ********s are. (The net income in columns 2 and 3)
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
BULLDOG, INC. Income Statement Revenues S 29,500 Expenses Salaries Advertising Utilities 4,100 2,100 Net income BULLDOG,...
BULLDOG, INC. Income Statement Revenues S 29,500 Expenses Salaries Advertising Utilities 4,100 2,100 Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stock Earnings Stockholders Equity Beginning balance $ 8,100 Issuances Add: Net income Less: Dividends Ending balance 5,100$ 13,200 1,100 1,100 (1,100) (1,100) 17,300 9,200S 8,100 $ BULLDOG, INC Balance Sheet Assets Liabilities $ 2,100 Accounts payable Cash Accounts receivable Supplies Equipment 2,650 Stockholders' Equity 오 | 7,100|Common stock 8,100 Retained eamings Total assets S 19950 Total...
Problem 1-4A Understand the format of financial statements and the links among them (L01-3) Below are...
Problem 1-4A Understand the format of financial statements and the links among them (L01-3) Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 29,500 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising Utilities 4,100 2,100 Net income BULLDOG, INC. Statement of Stockholders' Equity Common Retained Total Stockholders' Stock Earnings Equity Beginning balance $ 8,100 $ 5,100 $ 13,200 Issuances 1,100 1,100 Add: Net income Less: Dividends (1,100) (1,100) Ending balance $ 9,200 $ 8,100 $...
Problem 1 astructions: Below are incomplete financial statements. Calculate the missing amounts for,b, .d, e, f,...
Problem 1 astructions: Below are incomplete financial statements. Calculate the missing amounts for,b, .d, e, f, g, h, and i below and record the final answers in the space provided. Income Statement a) Revenues Expenses: Salaries Rent Advertising Vet income Statement of Stockholders' Equity Common Retained Stock Varnings Beginning $15.000 $8.000 Issuances (0) Net income 3.000 Dividends Ending $18.000 39.000 $11.000 5,000 7.000 (b) . $5,000 Assets: Cash Supplies Land Buildings Balance Sheet Liabilities: $6,000 Accounts payable (@) Stockholders' Equity:...
calculate the missing amounts
39,000 BULLDOG, INC. Income Statement Revenues Expenses: Salaries Advertising Utilities Net income 6,000 4,000 BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders Stock Earnings Equity Beginning balance $ 10,000 $ 7,000 $ 17,000 Issuances 1,100 1,100 Add: Net income 6,000 6,000 Less: Dividends (3,000) (3.000) Ending balance $ 11,100 $ 10,000 $ 21,100 Assets Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sh Liabilities 4,000 Accounts payable 3,000 Stockholders' Equity 9,000 Common...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Calculate the missing amounts. BULLDOG, INC. Income Statement Year ended Dec. 31, 2021 $ 38,000 Revenues Expenses Salaries 5,800 3,800 Advertising Utilities Net income Income Statement Stmt of Stockholders Equity> 2 Below are incomplete financial statements for Bulldog, Inc Required: Calculate the missing amounts 5 points Skipped Complete...
Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 31,500 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising 4,500 2,500 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 8,500 $ 5,500 $ 14,000 Issuances 1,000 1,000 Add: Net income Less: Dividends (1,500) (1,500) Ending balance $ 9,500 $ 8,500 $ 18,000
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ 12,000 Rent 6,000 Advertising 4,000 Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity $ 19,000 13,000 $ 6,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 4,000 4,000 $ 15,000 $ 7,000 $ 22,000 Assets $ CYCLONE, INC....
Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues Expenses: Salaries 36,000 5,400 3,400 Utilities Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stockholders' Stock Earnings Equity Beginning balance $ 9,400 S 6,400 S 15,800 Issuances 1,100 1,100 Add: Net income Less: Dividends (2,400) (2.400) Ending balance $ 10,500 $ 9,400 $ 19,900 Assets $ Cash Accounts receivable Supplies Equipment Total assets BULLDOG, INC. Balance Sheet Liabilities 3,400 Accounts payable 2,400 Stockholders' Equity 8,400 Common stock...
Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,400 2,200 3,400 3,900 1,200 13,800 9,300 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues 39,000 Expenses: Salaries Advertising Utilities Net income 6,000 4.000 BULLDOG, INC. Statement...
BULLDOG, INC. Income Statement Revenues S 29,500 Expenses Salaries Advertising Utilities 4,100 2,100 Net income BULLDOG, INC. Statement of Stockholders' Equity Total Common Retained Stock Earnings Stockholders Equity Beginning balance $ 8,100 Issuances Add: Net income Less: Dividends Ending balance 5,100$ 13,200 1,100 1,100 (1,100) (1,100) 17,300 9,200S 8,100 $ BULLDOG, INC Balance Sheet Assets Liabilities $ 2,100 Accounts payable Cash Accounts receivable Supplies Equipment 2,650 Stockholders' Equity 오 | 7,100|Common stock 8,100 Retained eamings Total assets S 19950 Total...
Problem 1-4A Understand the format of financial statements and the links among them (L01-3) Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. 29,500 BULLDOG, INC. Income Statement Revenues $ Expenses: Salaries Advertising Utilities 4,100 2,100 Net income BULLDOG, INC. Statement of Stockholders' Equity Common Retained Total Stockholders' Stock Earnings Equity Beginning balance $ 8,100 $ 5,100 $ 13,200 Issuances 1,100 1,100 Add: Net income Less: Dividends (1,100) (1,100) Ending balance $ 9,200 $ 8,100 $...
Problem 1 astructions: Below are incomplete financial statements. Calculate the missing amounts for,b, .d, e, f, g, h, and i below and record the final answers in the space provided. Income Statement a) Revenues Expenses: Salaries Rent Advertising Vet income Statement of Stockholders' Equity Common Retained Stock Varnings Beginning $15.000 $8.000 Issuances (0) Net income 3.000 Dividends Ending $18.000 39.000 $11.000 5,000 7.000 (b) . $5,000 Assets: Cash Supplies Land Buildings Balance Sheet Liabilities: $6,000 Accounts payable (@) Stockholders' Equity:...
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