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160. Below are the account balances for Huffman Corporation at the end of December. Use only...
4. Below are the account balances for Huffman Corporation at the end of December. Use only...
4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. (10) Accounts Balances Cash $ 5,200 Salaries expense 2,300 Retained earnings 2,500 Advertising expense 1,200 Equipment 12,400 Service revenue 9,400 Common stock 8,000 Accounts payable 2,200 5. On May 1, 2019, a company lends $100,000 to one of its main suppliers and accepts a 12- month, 6% note. Record the acceptance of the note on May...
Below are the account balances for Huffman Corporation at the end of December Accounts Cash Salaries...
Below are the account balances for Huffman Corporation at the end of December Accounts Cash Salaries expense Retained earnings Advertising expense Equipment Service revenue Common stock Accounts payable Balances $ 4,500 2,000 3,000 1,450 11,700 9,900 4,800 1,430 Use only the appropriate accounts to prepare an income statement. HUFFMAN CORPORATION Income Statement For the year ended December 31 Revenues: Expenses: Total expenses
1 8 .00 29. Below are the account balances for a corporation at the end of...
1 8 .00 29. Below are the account balances for a corporation at the end of December. The Income Statement ending net income would be: Accounts Balances Service revenue 9,400 Cash $5,200 Common stock Salaries expense 2,300 Deferred Revenue 2.000 Sales Revenue 15,000 Accounts payable 2,200 Advertising expense 1,200|Cost of Goods Sold 6,000 Equipment 12,400 Retained earnings ined earnings 2,500 $17,500. $14,900. $20,900. $16,900. None of the choices are correct.
WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended...
WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended December 31, 2019. (10) FM Credit Debit $ 8.000 18,000 415,000 Cash Prepaid Rent Land Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Totals $ 10,000 14.000 250.000 64.000 10,000 350,000 190,000 21.000 26.000 $688,000 $688.000 4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts...
2. The following is selected financial information for Cargo company for 2012 and 2013: (10) Retained...
2. The following is selected financial information for Cargo company for 2012 and 2013: (10) Retained earnings, January 1 8 83.000 2013 Det income... January 1 Dividends declared and paid Common stock $53,000 37,000 42,000 15,000 18.000 70,000 Issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2013. WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances...
Below are the account balances for Cowboy Law Firm at the end of
December.
Accounts Balances
Cash $ 4,800
Salaries expense 1,900
Accounts payable 2,800
Retained earnings 4,200
Utilities expense 1,200
Supplies 13,200
Service revenue 8,700
Common stock 5,400
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 the account balances for Cowboy Law Firm at the end of December. Accounts Cash...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement.
Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash...
Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,100 2,050 3,100 4,050 1,200 13,500 9,000 5,700 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 ences Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Salaries...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts...
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,700 Salaries expense 1,350 Accounts payable 1,700 Retained earnings 4,550 Utilities expense 1,000 Supplies 12,100 Service revenue 7,600 Common stock 4,300 Required: Use only the appropriate accounts to prepare an income statement. Accounts Balances Cash $ 3,700 Salaries expense 1,350 Accounts payable 1,700 Retained earnings 4,550 Utilities expense 1,000 Supplies 12,100 Service revenue 7,600 Common stock 4,300 COWBOY LAW...
4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. (10) Accounts Balances Cash $ 5,200 Salaries expense 2,300 Retained earnings 2,500 Advertising expense 1,200 Equipment 12,400 Service revenue 9,400 Common stock 8,000 Accounts payable 2,200 5. On May 1, 2019, a company lends $100,000 to one of its main suppliers and accepts a 12- month, 6% note. Record the acceptance of the note on May...
Below are the account balances for Huffman Corporation at the end of December Accounts Cash Salaries expense Retained earnings Advertising expense Equipment Service revenue Common stock Accounts payable Balances $ 4,500 2,000 3,000 1,450 11,700 9,900 4,800 1,430 Use only the appropriate accounts to prepare an income statement. HUFFMAN CORPORATION Income Statement For the year ended December 31 Revenues: Expenses: Total expenses
1 8 .00 29. Below are the account balances for a corporation at the end of December. The Income Statement ending net income would be: Accounts Balances Service revenue 9,400 Cash $5,200 Common stock Salaries expense 2,300 Deferred Revenue 2.000 Sales Revenue 15,000 Accounts payable 2,200 Advertising expense 1,200|Cost of Goods Sold 6,000 Equipment 12,400 Retained earnings ined earnings 2,500 $17,500. $14,900. $20,900. $16,900. None of the choices are correct.
WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended December 31, 2019. (10) FM Credit Debit $ 8.000 18,000 415,000 Cash Prepaid Rent Land Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Totals $ 10,000 14.000 250.000 64.000 10,000 350,000 190,000 21.000 26.000 $688,000 $688.000 4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts...
2. The following is selected financial information for Cargo company for 2012 and 2013: (10) Retained earnings, January 1 8 83.000 2013 Det income... January 1 Dividends declared and paid Common stock $53,000 37,000 42,000 15,000 18.000 70,000 Issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2013. WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company...
Below are the account balances for Cowboy Law Firm at the end of
December.
Accounts Balances
Cash $ 4,800
Salaries expense 1,900
Accounts payable 2,800
Retained earnings 4,200
Utilities expense 1,200
Supplies 13,200
Service revenue 8,700
Common stock 5,400
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 the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement.
Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 5,100 2,050 3,100 4,050 1,200 13,500 9,000 5,700 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 ences Expenses: Total expenses
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock $ 4,800 1,900 2,800 4,200 1,200 13,200 8,700 5,400 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement Expenses: Total expenses
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