Homework Answers
plzz do like if it was helpful.
Add Answer to:
The accountant for Scott Industries prepared the following list of account balances from the company's records...
The accountant for Scott Industries prepared the following list of account balances from the company's records...
The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31. Use this information to answer the question that follows. Fees earned $165,000 Cash $31,000 Accounts receivable 16,000 Selling expenses 44,000 Equipment 64,000 Common stock 47,000 Accounts payable 12,000 Interest revenue 3,000 Salaries & wages expense 40,000 Unearned Service Revenue 11,000 Income taxes payable 5,000 Rent expense 20,000 Determine the total liabilities at the end of the current year...
The accountant for Scott Industries prepared the following list of account balances from the company's records...
The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31. Use this information to answer the question that follows. Fees earned $165,000 Cash $31,000 Accounts receivable 16,000 Selling expenses 44,000 Equipment 64,000 Common stock 47,000 Accounts payable 12,000 Interest revenue 3,000 Salaries & wages expense 40,000 Unearned Service Revenue 11,000 Income taxes payable 5,000 Rent expense 20,000 Determine the total assets at the end of the current year...
The accountant for Flagger Corporation prepared the following list of account balances from the company's records...
The accountant for Flagger Corporation prepared the following list of account balances from the company's records for the year ended December 31: US $ US $ Sales Revenue 165,000 Cash 30,000 Accounts Receivable 14,000 Selling Expenses 44,000 Equipment 42,000 Common Stock 17,000 Accounts Payable 12,000 Interest Income 3,000 Salaries Expense 40,000 Cost of Sales 51,000 Inventories 22,000 Prepaid Expenses 2,000 Income Taxes Payable 5,000 Income Tax Expenses 18,000 Notes Payable 20,000 Retained Earnings ??????? Required: Prepare the following Financial Statements:...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities Owner’s Equity (a) $78,500 $37,600 X (b) X 53,280 $145,000 (c) 49,500 X 34,000 2. The accountant for Scott Industries prepared the following list of accounting equation element balances from the company’s records for the year ended December 31: Fees earned $165,000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 64,000 Scott, capital 27,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities...
1. Determine the missing amount designated with an “X” for each of the following: Assets Liabilities Owner’s Equity (a) $78,500 $37,600 X (b) X 53,280 $145,000 (c) 49,500 X 34,000 2. The accountant for Scott Industries prepared the following list of accounting equation element balances from the company’s records for the year ended December 31: Fees earned $165,000 Cash $30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 64,000 Scott, capital 27,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages...
The following are account balances for Sam Olin Co. for the year ended December 31, 2018:...
The following are account balances for Sam Olin Co. for the year ended December 31, 2018: Fees earned $168,000 Cash $30,000 14,000 Selling expenses Accounts receivable 44,000 42,000 Sam, capital Equipment 36,000 Accounts payable 12,000 Interest Payable 3,000 Salaries & wages expense 40,000 Rent expense 51,000 Income taxes payable 5,000 Supplies 2,000 Notes payable Income taxes expense 20,000 18,000 Prepare an income statement for Sam Olin Co. For the Year Ended December 31, 2018. (Don
Question3 3.5 pts The following selected account balances were taken from ABC Company's a ccounting records...
Question3 3.5 pts The following selected account balances were taken from ABC Company's a ccounting records during 2018: January 1, 2018 December 31, 2018 Inventory Accounts payable Long-term notes payable Income tax payable Investments Accounts receivable Land Common stock Retained earnings 69,000 47,000 165,000 11,000 89,000 77,000 60,000 100,000 26,000 35,000 41,000 130,000 7,000 68,000 84,000 89,000 175,000 41,000 The following information was taken from ABC Company's 2018 income stat ement: Sales revenue Cost of goods sold Gain on sale...
1. The accountant for the Times Corporation prepared the following list from the company's accounting records...
1. The accountant for the Times Corporation prepared the following list from the company's accounting records for the year ended December 31, 2012 $ Retained earnings Cash X Accounts payable Sales revenue Cost of sales Landr Notes payable Inventory ? Prepaid expenses $ 97,000 Common stock 70,000 VAccounts receivable 1,075,000 Interest income 780,000 VSalary expense 810,000 Income tax expenser 520,000 VSelling expenser 280,000 Salaries payabler 70,000 500,000 260,000 70,000 220,000 60,000 75,000 55,000 Determine the following amounts for Times Corporation....
The following adjusting journal entry found in the journal is missing an explanation. Select the best...
The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry. 4,500 Wages Expense Wages Payable ???????????????? 4,500 Record wages expense incurred and to be paid next month. Record wages paid in advance. Record payment of wages. Record wages paid last month. Basic Calculator X 1120 Use this end-of-period spreadsheet to answer the questions that follow. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement...
JYF Company's accounting records at December 31, 2022 reported the following account balances: Cash $25,000 Retained...
JYF Company's accounting records at December 31, 2022 reported
the following account balances:
Cash $25,000
Retained Earnings $53,000 (at January 1, 2022)
Prepaid Insurance $18,000
Advertising Expense $22,000
Cost of Goods Sold $29,000
Interest Revenue $31,000
Copyright $28,000
Supplies $12,000
Accounts Receivable $51,000
Common Stock $91,000
Accounts Payable $50,000
Patent $21,000
Notes Payable $86,000 (due March 1, 2023)
Income Tax Expense $21,000
Inventory $59,000
Building $34,000
Salaries Expense $14,000
Sales Revenue $79,000
Dividends $11,000
Equipment $45,000
Calculate JYF Company's total...
The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31. Use this information to answer the question that follows. Fees earned $165,000 Cash $31,000 Accounts receivable 16,000 Selling expenses 44,000 Equipment 64,000 Common stock 47,000 Accounts payable 12,000 Interest revenue 3,000 Salaries & wages expense 40,000 Unearned Service Revenue 11,000 Income taxes payable 5,000 Rent expense 20,000 Determine the total liabilities at the end of the current year...
The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31. Use this information to answer the question that follows. Fees earned $165,000 Cash $31,000 Accounts receivable 16,000 Selling expenses 44,000 Equipment 64,000 Common stock 47,000 Accounts payable 12,000 Interest revenue 3,000 Salaries & wages expense 40,000 Unearned Service Revenue 11,000 Income taxes payable 5,000 Rent expense 20,000 Determine the total assets at the end of the current year...
The following are account balances for Sam Olin Co. for the year ended December 31, 2018: Fees earned $168,000 Cash $30,000 14,000 Selling expenses Accounts receivable 44,000 42,000 Sam, capital Equipment 36,000 Accounts payable 12,000 Interest Payable 3,000 Salaries & wages expense 40,000 Rent expense 51,000 Income taxes payable 5,000 Supplies 2,000 Notes payable Income taxes expense 20,000 18,000 Prepare an income statement for Sam Olin Co. For the Year Ended December 31, 2018. (Don
Question3 3.5 pts The following selected account balances were taken from ABC Company's a ccounting records during 2018: January 1, 2018 December 31, 2018 Inventory Accounts payable Long-term notes payable Income tax payable Investments Accounts receivable Land Common stock Retained earnings 69,000 47,000 165,000 11,000 89,000 77,000 60,000 100,000 26,000 35,000 41,000 130,000 7,000 68,000 84,000 89,000 175,000 41,000 The following information was taken from ABC Company's 2018 income stat ement: Sales revenue Cost of goods sold Gain on sale...
1. The accountant for the Times Corporation prepared the following list from the company's accounting records for the year ended December 31, 2012 $ Retained earnings Cash X Accounts payable Sales revenue Cost of sales Landr Notes payable Inventory ? Prepaid expenses $ 97,000 Common stock 70,000 VAccounts receivable 1,075,000 Interest income 780,000 VSalary expense 810,000 Income tax expenser 520,000 VSelling expenser 280,000 Salaries payabler 70,000 500,000 260,000 70,000 220,000 60,000 75,000 55,000 Determine the following amounts for Times Corporation....
The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry. 4,500 Wages Expense Wages Payable ???????????????? 4,500 Record wages expense incurred and to be paid next month. Record wages paid in advance. Record payment of wages. Record wages paid last month. Basic Calculator X 1120 Use this end-of-period spreadsheet to answer the questions that follow. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement...
JYF Company's accounting records at December 31, 2022 reported
the following account balances:
Cash $25,000
Retained Earnings $53,000 (at January 1, 2022)
Prepaid Insurance $18,000
Advertising Expense $22,000
Cost of Goods Sold $29,000
Interest Revenue $31,000
Copyright $28,000
Supplies $12,000
Accounts Receivable $51,000
Common Stock $91,000
Accounts Payable $50,000
Patent $21,000
Notes Payable $86,000 (due March 1, 2023)
Income Tax Expense $21,000
Inventory $59,000
Building $34,000
Salaries Expense $14,000
Sales Revenue $79,000
Dividends $11,000
Equipment $45,000
Calculate JYF Company's total...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 21 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago