Presented below is information related to Williams and Douglas, Attorneys at Law Ltd.
Retained earnings, January 1, 2017 | £34,273 | |
Legal service revenue—2017 | 340,490 | |
Total expenses—2017 | 211,799 | |
Assets, January 1, 2017 | 90,777 | |
Liabilities, January 1, 2017 | 56,504 | |
Assets, December 31, 2017 | 163,652 | |
Liabilities, December 31, 2017 | 109,378 | |
Dividends—2017 | 108,690 |
Prepare the 2017 retained earnings statement for William and Douglas, Attorneys at Law Ltd. (List items that increase retained earnings first.)
Presented below is information related to Williams and Douglas, Attorneys at Law Ltd. Retained earnings, January...
Presented below is information related to Alexis and Ryans, Attorneys at Law. Retained earnings, January 1, 2019 Legal service revenue-2019 Total expenses-2019 Assets, January 1, 2019 Liabilities, January 1, 2019 Assets, December 31,2019 Liabilities, December 31, 2019 Dividends-2019 S23,000 40.00 211,000 85,000 62,000 168,000 80,000 64,000 Instructions 2019 retained earnings statement for Alexis and Ryans Attorneys at Law
Presented below is information related Mary and Lisa, CPAs. Retained earnings, January 1, 2020 $23,000 Fees earned 500,000 Rent Expenses---2020 200,000 Insurance Expenses 11,000 Assets, January 1, 2020 85,000 Liabilities, December 31, 2020 80,000 Dividends—2020 64,000 Liabilities, January 1, 2020 62,000 Assets, December 31, 2020 168,000 Prepare the 2020 retained earnings statement for Mary and Lisa, CPAs.
Question 1 Presented here is information for Sunland Company for 2017. Retained earnings, January 1 Service revenue Total expenses Dividends $161,200 496,000 217,000 80,600 Calculate the net income. Net income Prepare the 2017 retained earnings statement for Sunland Company. (List items that increase retained earnings first.) Sunland Company Retained Earnings Statement Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER
please explain the steps to solve Presented below is information related to Dean Plumley Company. 107,000 - 21,000 Retained earnings, January 1, 2018 Service revenue-2018 Total expenses-2018 Assets, January 1, 2018 Liabilities, January 1, 2018 Assets, December 31, 2018 Liabilities, December 31, 2018 Dividends-2018 $ 21,000 320,000 - 213.000 85,000 64,000 165,000 90,000 ? 800,000 Instructions Prepare the 2018 retained earnings statement for Dean Plumley Company
BACK Exercise 1-6 Presented here is information for DeVito Inc. for 2014. Retained earnings, January 1 Service revenue Total expenses Dividends $154,687 475,960 208,233 7344 Calculate the net income. LINE TO TEXT Prepare the 2014 retained earnings statement for DeVito Inc. (List items that increase retained earnings first.) DEVITO INC Retained Earnings Statement For the Year Ended December 31, 2014 Click if you would like to Show Work for this questions Open Show Work vineo sw Question Attempts: 0 of...
Presented below is information related to the sole proprietorship of Susan Wilson, attorney.Legal service revenue—2020$337,000Total expenses—2020207,000Assets, January 1, 202093,000Liabilities, January 1, 202054,000Assets, December 31, 2020170,000Liabilities, December 31, 2020105,000Drawings—2020?Prepare the 2020 owner’s equity statement for Susan Wilson’s legal practice. (List items that increase owner's equity first.)SUSAN WILSON, ATTORNEYOwner’s Equity Statement For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020 DrawingsExpensesNet Income / (Loss)Owner’s Capital, January 1Owner’s Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestments$ AddLess: DrawingsExpensesNet Income /...
These items are taken from the financial statements of Blue Spruce Corp. for 2017. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,020 2,140 67,020 21,740 11,330 5,120 12,000 12,000 69,350 5,620 1,660 3,180 15,140 2,620 38,350 18,830 Prepare an income statement for the year ended December 31, 2017 Blue...
Exercise 1-4 This information relates to Kingbird, Inc. for the year 2017. Retained earnings, January 1, 2017 $93,800 Advertising expense 2,520 Dividends 8,400 Rent expense 14,560 81,200 Service revenue Utilities expense 3,360 Salaries and wages expense 42,000 After analyzing the data, prepare an income statement for the year ending December 31, 2017. Kingbird, Inc. Income Statement $ $ After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List items that increase retained earnings...
Presented here is information for Nash's Trading Post, LLC for 2017. Retained earnings, January 1 $132,600 Service revenue 408,000 Total expenses 178,500 Dividends 66,300 Calculate the net income. Net income $ enter net income in dollars Prepare the 2017 retained earnings statement for Nash's Trading Post, LLC. (List items that increase retained earnings first.) Nash's Trading Post, LLC Retained Earnings Statement choose the accounting period select an opening name $ enter a dollar amount select between addition and deduction :...
This information relates to Oriole Company for the year 2017. Retained earnings, January 1, 2017 $92,460 Advertising expense 2,484 Dividends 8,280 Rent expense 14,352 Service revenue 80,040 Utilities expense 3,312 Salaries and wages expense 41.400 After analyzing the data, prepare an income statement for the year ending December 31, 2017 Oriole Company Income Statement https://moodieselu.edu/moodle/pluginile pho/3083398/modesource content/ On Homework (GRADED) eTextbook and Media List of Accounts After analyzing the data, prepare a retained earnings statement for the year ending December...