Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common stock 230000 Equipment 309000 Salaries and wages expense 370000 Rent expense 92500 Depreciation expense 462500 Cash 282000 Dividends 75000 Supplies 42000 Accounts payable 158000 Accounts receivable 104500 Retained earnings, 1/1/22 555000 Waterway's total assets at December 31, 2022 are:
Homework Answers
| Service revenue | 1200000 |
| (-) Salaries and wages expense | 370000 |
| (-) Rent expense | 92500 |
| (-) Depreciation expense | 462500 |
| Net income | 275000 |
| (-) Dividends | 75000 |
| Addition to retained earnings | 200000 |
| December 31, 2022 | ||
| Accounts payable | 158000 | |
| Common stock | 230000 | |
| Retained earnings: | ||
| Retained earnings as on 1/1/22 | 555000 | |
| (+) Addition to retained earnings | 200000 | 755000 |
| Total assets at December 31, 2022 | 1143000 |
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Waterway Industries compiled the following financial information
as of December 31, 2022: Service revenue $1200000 Common...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Coronado Industries compiled the following financial information as of December 31, 2017: Service revenue $1181000 Common...
Coronado Industries compiled the following financial information as of December 31, 2017: Service revenue $1181000 Common stock 240000 Equipment 307000 Operating expenses 980000 Cash 277000 Dividends 75000 Supplies 45000 Accounts payable 167000 Accounts receivable 108500 Retained earnings, 1/1/17 607000 Coronado retained earnings on December 31, 2017 are:
Question 5 View Policies Current Attempt in Progress Waterway Industries compiled the following financial information as...
Question 5 View Policies Current Attempt in Progress Waterway Industries compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $834000 196000 246000 745000 216000 65000 33000 113000 92500 439000 Waterway assets on December 31, 2017 are: $1427500 $492000 $1037500 $587500
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $839000 192000 238000 746000 200000 65000 39000 100000 94500 454000 Windsor's retained earnings on December 31, 2022 are: O $39000. O $454000. O $549000 O $482000.
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $829000 183000 225000 729000 208000 56000 34000 120000 88000 445000 Metlock's stockholders' equity on December 31, 2022 is: $479000. $709000. $638000 $672000.
Concord Corporation compiled the following financial information as of December 31, 2022: $837000 Service revenue Common...
Concord Corporation compiled the following financial information as of December 31, 2022: $837000 Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 190000 250000 726000 225000 60000 34000 120000 94500 437000 Concord's stockholders' equity on December 31, 2022 is: O $644000 O $717000. O $678000. O $471000
Splish Brothers Inc. compiled the following financial information as of December 31, 2022: Service revenue Common...
Splish Brothers Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $834000 176000 255000 733000 209000 62000 26000 119000 85000 441000 Splish's assets on December 31, 2022 are: $510000. O $575000 $1415000 O $1025000 Click if you would like to Show Work for this question: Open Show Work
ment 04:00 PM / Remaining: 58 min. Vaughn Manufacturing compiled the following financial information as of...
ment 04:00 PM / Remaining: 58 min. Vaughn Manufacturing compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Salaries and wages expense Rent expense Depreciation expense Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $1161000 234000 304000 399600 99900 499500 284000 79000 40000 173000 118000 589000 Vaughn's total stockholders' equity at December 31, 2022 is: $906000. $985000. $672000. $866000.
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock...
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash $1142000 226000 300000 967000 285000 83000 35000 150000 124500 579000 Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 Wildhorse stockholders'equity on December 31, 2017 is: $980000 $897000 $671000. $862000.
These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning...
These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning of year) $35,340 Utilities expense 2,140 Equipment 70,340 Accounts payable 20,230 Cash 14,290 Salaries and wages payable 7,920 Common stock 12,000 Dividends 12,000 Service revenue 70,650 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 3,120 Depreciation expense Accounts receivable 13,630 2,680 Insurance expense 39,650 Salaries and wages expense 21,790 Accumulated depreciation-equipment (a) Prepare an income statement for the year ended December 31, 2017. Waterway...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
Question 5 View Policies Current Attempt in Progress Waterway Industries compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $834000 196000 246000 745000 216000 65000 33000 113000 92500 439000 Waterway assets on December 31, 2017 are: $1427500 $492000 $1037500 $587500
Windsor, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $839000 192000 238000 746000 200000 65000 39000 100000 94500 454000 Windsor's retained earnings on December 31, 2022 are: O $39000. O $454000. O $549000 O $482000.
Metlock, Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $829000 183000 225000 729000 208000 56000 34000 120000 88000 445000 Metlock's stockholders' equity on December 31, 2022 is: $479000. $709000. $638000 $672000.
Concord Corporation compiled the following financial information as of December 31, 2022: $837000 Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 190000 250000 726000 225000 60000 34000 120000 94500 437000 Concord's stockholders' equity on December 31, 2022 is: O $644000 O $717000. O $678000. O $471000
Splish Brothers Inc. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $834000 176000 255000 733000 209000 62000 26000 119000 85000 441000 Splish's assets on December 31, 2022 are: $510000. O $575000 $1415000 O $1025000 Click if you would like to Show Work for this question: Open Show Work
ment 04:00 PM / Remaining: 58 min. Vaughn Manufacturing compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Salaries and wages expense Rent expense Depreciation expense Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $1161000 234000 304000 399600 99900 499500 284000 79000 40000 173000 118000 589000 Vaughn's total stockholders' equity at December 31, 2022 is: $906000. $985000. $672000. $866000.
Wildhorse Co. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash $1142000 226000 300000 967000 285000 83000 35000 150000 124500 579000 Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 Wildhorse stockholders'equity on December 31, 2017 is: $980000 $897000 $671000. $862000.
These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning of year) $35,340 Utilities expense 2,140 Equipment 70,340 Accounts payable 20,230 Cash 14,290 Salaries and wages payable 7,920 Common stock 12,000 Dividends 12,000 Service revenue 70,650 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 3,120 Depreciation expense Accounts receivable 13,630 2,680 Insurance expense 39,650 Salaries and wages expense 21,790 Accumulated depreciation-equipment (a) Prepare an income statement for the year ended December 31, 2017. Waterway...
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