Homework Answers
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Statement of Stockholders Equity |
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For the year ended 31st December 20XX |
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Common stock |
Retained Earnings |
Total Stockholders’ Equity |
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Beginning balance as on 1/1/20XX |
6000 |
12000 |
18000 |
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Net Income for the Period |
5169 |
5169 |
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Ending balance as on 12/31/20XX |
6000 |
17169 |
23169 |
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Income Statement |
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For the year ended 31st December 20XX |
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Revenues |
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Revenue |
10169 |
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Less: Expenses |
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Rent Expense |
1000 |
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Salary Expense |
3000 |
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Insurance Expense |
1000 |
5000 |
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Net Income |
5169 |
|
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Question 37 4.75 pts Question: Based on the Statement of Stockholders' Equity you prepared on your...
Question 36 4.75 pts Statement of Stockholders' Equity - two (2) questions - This problem does...
Question 36 4.75 pts Statement of Stockholders' Equity - two (2) questions - This problem does NOT build on the preceding problem, the numbers in the Unadjusted Trial Balance are different Instructions:Please prepare a statement of Stockholders' Equity on your scratch paper based on the following Unadjusted Trial Balance and Additional Information below to answer this question and the next question. You will need to know the ending balance for the retained earnings account and the common stock account Unadjusted...
Income Statement - one (1) question Instructions: Please prepare an Income Statement on your scratch paper...
Income Statement - one (1) question Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial Balance. Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx? Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $5,400 Prepaid Rent 5,000 Supplies 4,900 Building 8,744 Accounts Payable $1,900 Deferred Revenue 1,400 Common Stock 2.100 Retained Earnings 14,600 Revenue...
Question 34 4.75 pts Based on the debits and credits shown below, what is the new...
Question 34 4.75 pts Based on the debits and credits shown below, what is the new ending balance for the Prepaid Rent account? Prepaid Rent Debit Credit $14,000 $4,000 8,000 2,000 2,000 2,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input: 24123 4.75...
Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is...
Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is the total dollar ($) amount of the Debits? Account Name Normal Account Balance Cash $15,834 Accounts Receivable $80,000 Allowance for Uncollectible Accounts $1,169 Equipment $9,000 Retained Earnings $4,000 Common Stock $70,000 Revenue $40,928 Sales Discount $3,368 Cost of Goods Sold $3,000 Bad Debt Expense $5,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just...
Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial...
Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial Balance. Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx? Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $5,400 Prepaid Rent 5,000 Supplies 4,900 Building 8,978 Accounts Payable $1,900 Deferred Revenue 1,400 Common Stock 2,100 Retained Earnings 14,600 Revenue 8.978 Interest Expense 700 Salaries Expense...
When the general ledger ending account balances (all balances are shown as normal balances) shown below...
When the general ledger ending account balances (all balances are shown as normal balances) shown below are used to build the Unadjusted Trial Balance, what will be the total in the debit column? Ending Account Balance after aggregation Cash Accounts Receivable Accounts Payable 5,000 $ 12,500 $ 6,700 Deferred Revenue Retained Earnings Common Stock 7,300 2,100 9,500 Service Revenue Utility Expense Salary Expense 5,000 400 700 Unadjusted Trial Balance As of 12/31/xx Accounts Debits Credits Totals ???? Fill in the...
Question 32 4.75 pts The beginning balance in the cash account is $1,000 before the journal...
Question 32 4.75 pts The beginning balance in the cash account is $1,000 before the journal entries listed below are posted to their general ledger accounts. After these journal entries are posted to the general ledger, what would be the ending balance in the Cash Account? Credit Date 1/3 Accounts Equipment Debit 2,340 Accounts Payable 2,340 1/5 Rent Expense 300 Cash 300 1/15 Cash 581 Service Revenue 581 1/31 Salaries Expense 370 Cash 370 Fill in the blank with your...
Accounts Debit Credit Cash $20,569 Prepaid Rent 6,000 Supplies 4,000 Building 15,000 Accounts Payable $2,000 Deferred...
Accounts Debit Credit Cash $20,569 Prepaid Rent 6,000 Supplies 4,000 Building 15,000 Accounts Payable $2,000 Deferred Revenue 10,000 Common Stock 6,000 Retained Earnings 12,000 Revenue 20,569 Rent Expense 1,000 Salaries Expense 3,000 Utility Expense 1,000 Totals $50,569 $50,569 . Additional Information: Beginning Balance of Common Stock on 1/1/20xx $6,000 Beginning Balance of Retained Earnings on 1/1/20xx $12.000 • No new stock or dividends paid during the accounting period. • Hint: Please remember the formula for retained earnings when preparing the...
Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement...
Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Minimus Company for the year ended December 31, 2019. You determine the following balances: Common Stock at December 31, 2018 Retained Earnings at December 31, 2018 Net Income during 2019 Dividends during 2019 Issuance of Common Stock during 2019 $10,000 7,500 6,000 900 600 Required Prepare a statement of stockholders' equity for Minimus Company for 2019. MINIMUS COMPANY Statement of...
i need to make a income statement, statement of stockholders equity, and a balance sheet, in...
i need to make a income statement, statement of stockholders
equity, and a balance sheet, in a good form
To check your journal entries and postings, here is the trial balance as of November 31, 2014 APPLE REALTY Trial Balance November 30, 2014 Cash... Accounts Receivable..... Prepaid Insurance ...... Office Supplies Land... Accounts Payable.......... Unearned Rent.. Notes Payable ... ....... Common Stock ..................... Retained Earnings. Dividends Fees Earned .... ......... . . Salary and Commission Expense....... Rent Expense..... ..... Advertising...
Question 36 4.75 pts Statement of Stockholders' Equity - two (2) questions - This problem does NOT build on the preceding problem, the numbers in the Unadjusted Trial Balance are different Instructions:Please prepare a statement of Stockholders' Equity on your scratch paper based on the following Unadjusted Trial Balance and Additional Information below to answer this question and the next question. You will need to know the ending balance for the retained earnings account and the common stock account Unadjusted...
Income Statement - one (1) question Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial Balance. Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx? Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $5,400 Prepaid Rent 5,000 Supplies 4,900 Building 8,744 Accounts Payable $1,900 Deferred Revenue 1,400 Common Stock 2.100 Retained Earnings 14,600 Revenue...
Question 34 4.75 pts Based on the debits and credits shown below, what is the new ending balance for the Prepaid Rent account? Prepaid Rent Debit Credit $14,000 $4,000 8,000 2,000 2,000 2,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input: 24123 4.75...
Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial Balance. Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx? Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $5,400 Prepaid Rent 5,000 Supplies 4,900 Building 8,978 Accounts Payable $1,900 Deferred Revenue 1,400 Common Stock 2,100 Retained Earnings 14,600 Revenue 8.978 Interest Expense 700 Salaries Expense...
When the general ledger ending account balances (all balances are shown as normal balances) shown below are used to build the Unadjusted Trial Balance, what will be the total in the debit column? Ending Account Balance after aggregation Cash Accounts Receivable Accounts Payable 5,000 $ 12,500 $ 6,700 Deferred Revenue Retained Earnings Common Stock 7,300 2,100 9,500 Service Revenue Utility Expense Salary Expense 5,000 400 700 Unadjusted Trial Balance As of 12/31/xx Accounts Debits Credits Totals ???? Fill in the...
Question 32 4.75 pts The beginning balance in the cash account is $1,000 before the journal entries listed below are posted to their general ledger accounts. After these journal entries are posted to the general ledger, what would be the ending balance in the Cash Account? Credit Date 1/3 Accounts Equipment Debit 2,340 Accounts Payable 2,340 1/5 Rent Expense 300 Cash 300 1/15 Cash 581 Service Revenue 581 1/31 Salaries Expense 370 Cash 370 Fill in the blank with your...
Accounts Debit Credit Cash $20,569 Prepaid Rent 6,000 Supplies 4,000 Building 15,000 Accounts Payable $2,000 Deferred Revenue 10,000 Common Stock 6,000 Retained Earnings 12,000 Revenue 20,569 Rent Expense 1,000 Salaries Expense 3,000 Utility Expense 1,000 Totals $50,569 $50,569 . Additional Information: Beginning Balance of Common Stock on 1/1/20xx $6,000 Beginning Balance of Retained Earnings on 1/1/20xx $12.000 • No new stock or dividends paid during the accounting period. • Hint: Please remember the formula for retained earnings when preparing the...
Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Minimus Company for the year ended December 31, 2019. You determine the following balances: Common Stock at December 31, 2018 Retained Earnings at December 31, 2018 Net Income during 2019 Dividends during 2019 Issuance of Common Stock during 2019 $10,000 7,500 6,000 900 600 Required Prepare a statement of stockholders' equity for Minimus Company for 2019. MINIMUS COMPANY Statement of...
i need to make a income statement, statement of stockholders
equity, and a balance sheet, in a good form
To check your journal entries and postings, here is the trial balance as of November 31, 2014 APPLE REALTY Trial Balance November 30, 2014 Cash... Accounts Receivable..... Prepaid Insurance ...... Office Supplies Land... Accounts Payable.......... Unearned Rent.. Notes Payable ... ....... Common Stock ..................... Retained Earnings. Dividends Fees Earned .... ......... . . Salary and Commission Expense....... Rent Expense..... ..... Advertising...
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