The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
Accounts Payable | $7,200 | Rent Expense | $3,000 |
Accounts Receivable | 8,400 | Equipment | 74,500 |
Wages Payable | 3,400 | Furniture | 16,600 |
Prepaid Expenses | 500 | Notes Payable (due 12/31/13) | 40,900 |
Dividends | 2,000 | Accumulated Depreciation | 8,000 |
Sales Revenue | 99,850 | Cash | 14,000 |
Notes Payable (due 4/30/12) | 1,000 | Common Stock | 20,000 |
Cost of Goods Sold | 48,800 | Goodwill | 10,000 |
Loss on Sale of Equipment | 5,500 | Retained Earnings (1/1/11) | 16,150 |
Inventory | 9,500 | Marketable Equity Securities | 300 |
Advertising Expense | 2,500 | Depreciation Expense | 1,100 |
Insurance Expense | 2,000 | Unearned Revenue | 2,200 |
Determine Income from Operations for 2011:
Homework Answers
sales 99850 cog -48800 gross pro 51050 51050 salarie 3400 -7500 rent 3000 43550 depri 1100 total operating 7500 51050 -7500 answer: 43550
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The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise Accounts Payable$7,200Rent Expense$3,000Accounts Receivable8,400Equipment74,500Wages Payable3,400Furniture16,600Prepaid Expenses500Notes Payable (due 12/31/13)40,900Dividends2,000Accumulated Depreciation8,000Sales Revenue99,850Cash14,000Notes Payable (due 4/30/12)1,000Common Stock20,000Cost of Goods Sold48,800Goodwill10,000Loss on Sale of Equipment5,500Retained Earnings (1/1/11)16,150Inventory9,500Marketable Equity Securities300Advertising Expense2,500Depreciation Expense1,100Insurance Expense2,000Unearned Revenue2,200Determine the Ending Retained Earnings for 2011:Group of answer choices$36,950$52,100$51,100$34,950$71,100
The account balances for a company are listed below. All balances are as of Dec. 31,2018,...
The account balances for a company are listed below. All balances are as of Dec. 31,2018, except where noted otherwise Accounts Payable Accounts Receivable Accrued Expenses Prepaid Expenses Dividends Sales Revenue Notes Payable (4/30/19) Cost of Goods Sold Gain on Sale of Equipment Inventory Income Tax Expense Determine the ending retained earnings for 2018 $ 7,200 8,400 5,600 500 2,000 89,500 2,500 40,800 5,500 19,500 9,750 Operating Expenses Equipment Furniture Notes Payable (due 12/31/20) Accumulated Depreciation Cash Common Stock Goodwill...
The account balances for a company are listed below. All balances are as of Dec 31,...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec. 31....
The account balances for a company are listed below. All balances are as of Dec. 31. 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec 31,...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec. 31,...
The account balances for a company are listed below. All balances are as of Dec. 31, 2017, except where noted otherwise Accounts Payable $7,200 Rent Expense $2,100 Accounts Receivable 8,400 Equipment 74,500 Salaries Payable 5,600 Furniture 16,600 Notes Payable (due 12/31/19) 20,900 Depreciation Expense 4,000 Dividends 3,000 Accumulated Depreciation 10,000 Sales Revenue 139,500 Cash 14,000 Notes Payable (due 4/30/18) 2,500 Common Stock ??? Cost of Goods Sold 60,900 Trademark 8,000 Loss of Sale of Equipment 4,500 Retained Earnings (1/1/17)...
The account balances for Big Screen Theatre Corporation are listed below. All balances are as of December 31, 2015, except where noted otherwise.
The account balances for Big Screen Theatre Corporation are listed below. All balances are as of December 31, 2015, except where noted otherwise. Accounts Payable$14,500Furniture & Fixtures$30,000Accounts Receivable5,500Notes Payable (due 3/1/18)19,000Accumulated Depreciation10,000Prepaid Expenses22,000Advertising Expense11,200Projection Equipment30,000Buildings68,000Rent Expense – Movies50,600Common Stock??Retained Earnings (1/1/15)73,700Cash15,000Salaries & Wage Expense46,900Concessions Revenue56,200Ticket Sales Revenue94,500Cost of Goods Sold22,800Unearned Revenue2,500Dividends2,000Utility Expense6,000Marketable Equity Securities5,000Trademark3,000Wages Payable1,000Determine Net Income for the year ending December 31, 2015:Group of answer choices$13,200($8,800$36,000$14,000$11,200
balance of the erchandising company. The Balances from the trial company as of December 31, 2017...
balance of the erchandising company. The Balances from the trial company as of December 31, 2017 is given below. Hudson Co. Balances from the Trial Balance December 31.2011 Accounts Payable Customer Deposits Received Accumulated Depreciation, Office Equipment Prepaid Rent Long-term Notes Payable Merchandise Inventory Advertising Expense Sales Returns&Allowances Office Supplies Expense Interest Payable $13,000 1.400 12,000 1,800 9,500 2.800 6,000 3,400 1,800 Insurance Expense Sales Office Equipment 300,000 62,000 Rent Expense Withdrawals Cost of Goods Sold Capital 6,000 3,500 149,000...
The trial balance for K and J Nursery, Inc., listed the following account balances at December...
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year, cash, $25,000; accounts receivable, $20,000; inventory, $34,000, equipment (net). $89,000; accounts payable, $23,000, salaries payable, $9,500; interest payable, $5,500; notes payable (due in 18 months), $39.000, common stock, $68,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
The December 31, 2021, adjusted trial balance for the Pink Petal Corporation is presented below. Account...
The December 31, 2021, adjusted trial balance for the Pink Petal Corporation is presented below. Account Title Debits Credits Accounts payable 66,000 Accounts receivable 315,000 Accumulated depreciation 238,000 Advertising expense 4,400 Cash 36,100 Common stock 400,000 Cost of goods sold 432,000 Depreciation expense 57,000 Interest expense 3,400 Interest payable 1,700 Inventory 47,000 Notes payable (due in six months) 51,000 Office equipment 570,000 Prepaid rent 11,500 Rent expense 34,500 Retained earnings, January 1, 2021 135,000 Salaries expense 108,000 Salaries payable 7,200...
The account balances for a company are listed below. All balances are as of Dec. 31,2018, except where noted otherwise Accounts Payable Accounts Receivable Accrued Expenses Prepaid Expenses Dividends Sales Revenue Notes Payable (4/30/19) Cost of Goods Sold Gain on Sale of Equipment Inventory Income Tax Expense Determine the ending retained earnings for 2018 $ 7,200 8,400 5,600 500 2,000 89,500 2,500 40,800 5,500 19,500 9,750 Operating Expenses Equipment Furniture Notes Payable (due 12/31/20) Accumulated Depreciation Cash Common Stock Goodwill...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec. 31. 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
balance of the erchandising company. The Balances from the trial company as of December 31, 2017 is given below. Hudson Co. Balances from the Trial Balance December 31.2011 Accounts Payable Customer Deposits Received Accumulated Depreciation, Office Equipment Prepaid Rent Long-term Notes Payable Merchandise Inventory Advertising Expense Sales Returns&Allowances Office Supplies Expense Interest Payable $13,000 1.400 12,000 1,800 9,500 2.800 6,000 3,400 1,800 Insurance Expense Sales Office Equipment 300,000 62,000 Rent Expense Withdrawals Cost of Goods Sold Capital 6,000 3,500 149,000...
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year, cash, $25,000; accounts receivable, $20,000; inventory, $34,000, equipment (net). $89,000; accounts payable, $23,000, salaries payable, $9,500; interest payable, $5,500; notes payable (due in 18 months), $39.000, common stock, $68,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings
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