21. These items are taken from the financial statements of DJN Jewelry Creations for 12/31/19 Dawn...
21. These items are taken from the financial statements of DJN Jewelry Creations for 12/31/19 Dawn Janus, capital 1/1/19 $53,000 Dawn Janus, Drawing 5,000 Selling expenses 10,000 Equipment 65,000 Accumulated depreciation (equip) 16,000 Accounts payable 5,300 Cash 16,900 Inventory 3,500 Salaries and wages payable 3,000 Sales 68,000 Cost of merchandise sold 20,000 Administrative expenses 14,100 Accounts receivable 14,000 Notes payable (due 12/31/23) 3,200 Instructions: Prepare a multiple step income statement and a statement of owner’s equity for the year ended December 31, 2019 and a classified balance sheet as of December 31, 2019.
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21. These items are taken from the financial statements of DJN
Jewelry Creations for 12/31/19 Dawn...
21. These items are taken from the financial statements of Sam Smith for 2018. Sam...
21. These items are taken from the financial statements of Sam Smith for 2018. Sam Smith, capital 1/1/18 $53,000 Sam Smith Drawing 5,000 Selling expenses 10,000 Equipment 65,000 Accumulated depreciation (equip) 16,000 Accounts payable 5,300 Cash 16,900 Inventory 3,500 Salaries and wages payable 3,000 Sales 68,000 Cost of merchandise sold 20,000 Administrative expenses 14,100 Accounts receivable 14,000 Notes payable (due...
These items are taken from the financial statements of Drew Corporation at December 31, 2022. ...
These items are taken from the financial statements of Drew Corporation at December 31, 2022. Retained earnings (beginning of year) $33,000 Utilities expense 2,000 Equipment 56,000 Accounts payable 15,300 Cash 15,900 Salaries and wages payable 3,000 Common stock 13,000 Dividends 14,000 Service revenue 78,000 Prepaid insurance 3,500 Maintenance and repairs expense 1,800 Depreciation expense 3,300 Accounts receivable 14,200 Insurance expense 2,200 Salaries and wages expense ...
These items are taken from the financial statements of Sam Smith for 2018. Sam Smith capital...
These items are taken from the financial statements of Sam Smith for 2018. Sam Smith capital 1/1/18 $212,000 Sam Smith Drawing 20,000 Selling expenses 40,000 Equipment 260,000 Accumulated depreciation (equip) 64,000 Accounts payable 21,200 Cash 67,600 Inventory 14,000 Salaries and wages payable 12,000 Sales 272,000 Cost of merchandise sold 80,000 Administrative expenses 56,400 Accounts receivable 56,000 Notes payable (due 12/31/20) 12,800 Create a balance sheet as of December 31 2018
These items are taken from the financial statements of Carla Vista Ltd. at December 31, 2018:...
These items are taken from the financial statements of Carla
Vista Ltd. at December 31, 2018: Accounts payable $22,050 Interest
expense $5,300 Accounts receivable 18,780 Interest payable 3,800
Accumulated depreciation—buildings 53,600 Land 185,970 Accumulated
depreciation—equipment 20,470 Long-term investments 30,970 Service
revenue 187,040 Mortgage payable 102,000 Buildings 137,800
Operating expenses 159,680 Cash 28,040 Prepaid insurance 1,400
Common shares 138,000 Retained earnings, January 1 118,520
Equipment 70,100 Supplies 1,840 Income tax expense 5,600
at $32,500 of the mortgage payable will be paid...
These items are taken from the financial statements of Carla Vista Ltd. at December 31, 2018:...
These items are taken from the financial statements of Carla Vista Ltd. at December 31, 2018: Accounts payable $22,050 Interest expense $5,300 Accounts receivable 18,780 Interest payable 3,800 Accumulated depreciation-buildings 53,600 Land 185,970 Accumulated depreciation equipment 20,470 Long-term investments 30,970 Service revenue 187,040 Mortgage payable 102,000 Buildings 137,800 Operating expenses 159,680 Cash 28,040 Prepaid insurance 1,400 Common shares 138,000 Retained earnings, January 1 118,520 Equipment 70,100 Supplies 1,840 Income tax expense 5,600 Calculate net income and the ending balance of...
These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,8...
These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts receivable 12,600 Prepaid insurance 3,200 Cash 11,840 Equipment 82,400 Land 61,200 Insurance expense 780 Depreciation expense 5,300 Interest expense Common stock 2,600 60,000 40,000 Retained earnings (January 1, 2017) Accumulated depreciation--buildings 45,600 Accounts payable 9,500 Notes payable Accumulated depreciation-equipment 93,600 18,720 3,600 14,700 Interest payable Service revenue For the Year Ended December 31, 2017 : Assets Current Assets Cash 11840 Accounts Receivable...
Solve for the rest please. These items are taken from the financial statements of Cullumber Company...
Solve for the rest please.
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480...
P2-2A These items are taken from the financial statements of Martin Corporation for 2017 Retained earnings...
P2-2A These items are taken from the financial statements of Martin Corporation for 2017 Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends $31,000 2,000 66,000 18,300 10,100 3,000 12,000 12,000 Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 68,000 3,500 1,800 3,600 11,700 2,200 37,000 17,600 Instructions Prepare an income statement, a retained earnings statement, and a classified...
helllppp! E2-5 These items are taken from the financial statements of Longhom Co, at December 31,...
helllppp!
E2-5 These items are taken from the financial statements of Longhom Co, at December 31, 2017 $105,800 12,600 Buildings Accounts receivable Prepaid insurance Cash 3,200 11,840 Equipment 82,400 Land 61,200 780 Insurance expense Depreciation expense Interest expense Common stock Retained camnings (January 1, 2017) Accumulated depreciation buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue Instructions Prepare a classified balance sheet. Assume that $13.600 of the note payable will be paid in 2018 5,300 2,600 60,000...
Required Information As of December 31, 2019, Armani Company's financial records show the following items and...
Required Information As of December 31, 2019, Armani Company's financial records show the following items and amounts. 1:03:28 Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec 31, 2019 Dividenda Consulting revenue Rental revenue Salaries expense Tant expense Selling and administrative expenses $10.900 9.900 6.900 5,900 12,000 16,900 1.900 5.900 13.900 34.000 23,800 20,900 12.900 8.900 Required: Prepare a year-end statement of retained earnings for Armani Company. ARMANI COMPANY Statement of Retained...
These items are taken from the financial statements of Carla
Vista Ltd. at December 31, 2018: Accounts payable $22,050 Interest
expense $5,300 Accounts receivable 18,780 Interest payable 3,800
Accumulated depreciation—buildings 53,600 Land 185,970 Accumulated
depreciation—equipment 20,470 Long-term investments 30,970 Service
revenue 187,040 Mortgage payable 102,000 Buildings 137,800
Operating expenses 159,680 Cash 28,040 Prepaid insurance 1,400
Common shares 138,000 Retained earnings, January 1 118,520
Equipment 70,100 Supplies 1,840 Income tax expense 5,600
at $32,500 of the mortgage payable will be paid...
These items are taken from the financial statements of Carla Vista Ltd. at December 31, 2018: Accounts payable $22,050 Interest expense $5,300 Accounts receivable 18,780 Interest payable 3,800 Accumulated depreciation-buildings 53,600 Land 185,970 Accumulated depreciation equipment 20,470 Long-term investments 30,970 Service revenue 187,040 Mortgage payable 102,000 Buildings 137,800 Operating expenses 159,680 Cash 28,040 Prepaid insurance 1,400 Common shares 138,000 Retained earnings, January 1 118,520 Equipment 70,100 Supplies 1,840 Income tax expense 5,600 Calculate net income and the ending balance of...
These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts receivable 12,600 Prepaid insurance 3,200 Cash 11,840 Equipment 82,400 Land 61,200 Insurance expense 780 Depreciation expense 5,300 Interest expense Common stock 2,600 60,000 40,000 Retained earnings (January 1, 2017) Accumulated depreciation--buildings 45,600 Accounts payable 9,500 Notes payable Accumulated depreciation-equipment 93,600 18,720 3,600 14,700 Interest payable Service revenue For the Year Ended December 31, 2017 : Assets Current Assets Cash 11840 Accounts Receivable...
Solve for the rest please.
These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $32,850 2,180 65,300 17,650 14,980 5,600 22,400 12,000 3,400 5,200 1,800 72,680 6,130 1,600 3,200 13,600 2,600 41,670 22,480...
P2-2A These items are taken from the financial statements of Martin Corporation for 2017 Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends $31,000 2,000 66,000 18,300 10,100 3,000 12,000 12,000 Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 68,000 3,500 1,800 3,600 11,700 2,200 37,000 17,600 Instructions Prepare an income statement, a retained earnings statement, and a classified...
helllppp!
E2-5 These items are taken from the financial statements of Longhom Co, at December 31, 2017 $105,800 12,600 Buildings Accounts receivable Prepaid insurance Cash 3,200 11,840 Equipment 82,400 Land 61,200 780 Insurance expense Depreciation expense Interest expense Common stock Retained camnings (January 1, 2017) Accumulated depreciation buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue Instructions Prepare a classified balance sheet. Assume that $13.600 of the note payable will be paid in 2018 5,300 2,600 60,000...
Required Information As of December 31, 2019, Armani Company's financial records show the following items and amounts. 1:03:28 Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec 31, 2019 Dividenda Consulting revenue Rental revenue Salaries expense Tant expense Selling and administrative expenses $10.900 9.900 6.900 5,900 12,000 16,900 1.900 5.900 13.900 34.000 23,800 20,900 12.900 8.900 Required: Prepare a year-end statement of retained earnings for Armani Company. ARMANI COMPANY Statement of Retained...
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