Homework Answers
Statement showing the Income Statement of ABC for the year ended December 31, 2020:
| Item | € |
| Service Revenue | €41,000 |
| Less: Expenses | |
| Rent Expense | €900 |
| Salaries and wages Expense | €6,000 |
| Suuplies Expense | €700 |
| Depreciation Expense | €1,800 |
| Total Expenses | €9,400 |
| Net Income (€41,000 - €9,400) | €31,600 |
Therefore net income for the year ended December 31, 2020 is €31,600.
Add Answer to:
The adjusted trial balance of ABC includes the following accounts at December 31, 2020: Cash €12,000,...
The adjusted trial balance of ABC includes the following accounts at December 31, 2020: Cash €12,000,...
The adjusted trial balance of ABC includes the following accounts at December 31, 2020: Cash €12,000, Owner's Capital €22,000, Owner's Drawing €3,000, Service Revenue €41,000, Rent Expense €900, Salaries and Wages Expense €6,000, Supplies Expense €700, and Depreciation Expense €1,800. Prepare an income statement.
The adjusted trial balance of Skysong, Inc. at December 31, 2020, includes the following accounts: Common...
The adjusted trial balance of Skysong, Inc. at December 31, 2020, includes the following accounts: Common Stock $17,600, Dividends $7,700, Service Revenue $37,400, Salaries and Wages Expense $15,600, Insurance Expense $1.200, Rent Expense $4,000, Supplies Expense $2,400, and Depreciation Expense $1,600. Prepare an income statement for the year. Skysong, Inc. Income Statement $
The adjusted trial balance of Tamarisk, Inc. at December 31, 2019, includes the following accounts: Common...
The adjusted trial balance of Tamarisk, Inc. at December 31, 2019, includes the following accounts: Common Stock $16,900, Dividends $7,200, Service Revenue $36,500, Salaries and Wages Expense $16,700, Insurance Expense $1,300, Rent Expense $4,700, Supplies Expense $1,800, and Depreciation Expense $1,700. The balance in Common Stock is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,300 for the year and Retained Earnings is $7,400 on January 1. (List items that...
3. The adjusted trial balance of Wilcox Company at December 31, 2017 includes the following accounts:...
3. The adjusted trial balance of Wilcox Company at December 31, 2017 includes the following accounts: Retained Earnings $12,600; Dividends $6,000; Service Revenue $35,000; Salaries and Wages Expense $16,000; Insurance Expense $2,000; Rent Expense $3,500; Supplies Expense $500; and Depreciation Expense $1,000. (7%) Instructions Prepare a retained earnings statement for the year.
the adjusted trial balance of carla vista company at december 31, 2020, includes the following account...
the adjusted trial balance of carla vista company at december 31, 2020, includes the following account : owners capital 16,900, owners drawins 7200, service revenue 38600, salaries and wages expense 16500, i surance expense 3000, rent expense 4300,supplies expense 1100, and depeeciation expense 1900, prepare an income statement for the year.
The adjusted trial balance of Top Hat Corporation at December 31, 2019 includes the following accounts:...
The adjusted trial balance of Top Hat Corporation at December 31, 2019 includes the following accounts: Retained Earnings $12,000 (credit balance), Dividends paid $7,000; Service Revenue $50,000; Salaries Expense $12,000; Insurance Expense $3,000; Rent Expense $2,500; Supplies Expense $500; and Depreciation Expense $1,500, Interest Payable $5,000, unearned revenues $4000. Prepare an income statement for the year ended December 31, 2018. Label all the accounts and related dollar amounts you include in your
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
The adjusted trial balance of Sunland Company at December 31, 2019, includes the following accounts: Common...
The adjusted trial balance of Sunland Company at December 31, 2019, includes the following accounts: Common Stock $17,400, Dividends $7,400, Service Revenue $37,100, Salaries and Wages Expense $16,200, Insurance Expense $1,000, Rent Expense $4,000, Supplies Expense $2,500, and Depreciation Expense $2,000. Prepare an income statement for the year. Sunland Company Income Statement
The adjusted trial balance of Parsons Company at December 31, 2017, includes the following accounts: Common...
The adjusted trial balance of Parsons Company at December 31,
2017, includes the following accounts: Common Stock $16,200,
Dividends $7,500, Service Revenue $38,600, Salaries and Wages
Expense $15,500, Insurance Expense $2,600, Rent Expense $3,700,
Supplies Expense $1,500, and Depreciation Expense $1,900. Prepare
an income statement for the year.
PARSONS COMPANY Income Statement
LOG -30XA IN OFF PROF. ARIAS PROBLEM 4 (25 PTS.) The adjusted trial balance of Personal...
LOG -30XA IN OFF PROF. ARIAS PROBLEM 4 (25 PTS.) The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2020 1. an income statement 2. an owner's equity statement 3a balance sheet Credit Debit 10,500 4,000 1,900 18,000 Personal Financial Planners Adjusted Trial Balance December 31, 2020 Account titles Cash $ Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries...
The adjusted trial balance of ABC includes the following accounts at December 31, 2020: Cash €12,000, Owner's Capital €22,000, Owner's Drawing €3,000, Service Revenue €41,000, Rent Expense €900, Salaries and Wages Expense €6,000, Supplies Expense €700, and Depreciation Expense €1,800. Prepare an income statement.
The adjusted trial balance of Skysong, Inc. at December 31, 2020, includes the following accounts: Common Stock $17,600, Dividends $7,700, Service Revenue $37,400, Salaries and Wages Expense $15,600, Insurance Expense $1.200, Rent Expense $4,000, Supplies Expense $2,400, and Depreciation Expense $1,600. Prepare an income statement for the year. Skysong, Inc. Income Statement $
The adjusted trial balance of Tamarisk, Inc. at December 31, 2019, includes the following accounts: Common Stock $16,900, Dividends $7,200, Service Revenue $36,500, Salaries and Wages Expense $16,700, Insurance Expense $1,300, Rent Expense $4,700, Supplies Expense $1,800, and Depreciation Expense $1,700. The balance in Common Stock is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,300 for the year and Retained Earnings is $7,400 on January 1. (List items that...
3. The adjusted trial balance of Wilcox Company at December 31, 2017 includes the following accounts: Retained Earnings $12,600; Dividends $6,000; Service Revenue $35,000; Salaries and Wages Expense $16,000; Insurance Expense $2,000; Rent Expense $3,500; Supplies Expense $500; and Depreciation Expense $1,000. (7%) Instructions Prepare a retained earnings statement for the year.
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
The adjusted trial balance of Sunland Company at December 31, 2019, includes the following accounts: Common Stock $17,400, Dividends $7,400, Service Revenue $37,100, Salaries and Wages Expense $16,200, Insurance Expense $1,000, Rent Expense $4,000, Supplies Expense $2,500, and Depreciation Expense $2,000. Prepare an income statement for the year. Sunland Company Income Statement
The adjusted trial balance of Parsons Company at December 31,
2017, includes the following accounts: Common Stock $16,200,
Dividends $7,500, Service Revenue $38,600, Salaries and Wages
Expense $15,500, Insurance Expense $2,600, Rent Expense $3,700,
Supplies Expense $1,500, and Depreciation Expense $1,900. Prepare
an income statement for the year.
PARSONS COMPANY Income Statement
LOG -30XA IN OFF PROF. ARIAS PROBLEM 4 (25 PTS.) The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2020 1. an income statement 2. an owner's equity statement 3a balance sheet Credit Debit 10,500 4,000 1,900 18,000 Personal Financial Planners Adjusted Trial Balance December 31, 2020 Account titles Cash $ Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries...
Most questions answered within 3 hours.
-
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 1 hour ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 2 hours ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 5 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 5 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 6 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 7 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 8 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 8 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 8 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 9 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 9 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 9 hours ago