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 | $14,500 | Furniture & Fixtures | $30,000 |
Accounts Receivable | 5,500 | Notes Payable (due 3/1/18) | 19,000 |
Accumulated Depreciation | 10,000 | Prepaid Expenses | 22,000 |
Advertising Expense | 11,200 | Projection Equipment | 30,000 |
Buildings | 68,000 | Rent Expense – Movies | 50,600 |
Common Stock | ?? | Retained Earnings (1/1/15) | 73,700 |
Cash | 15,000 | Salaries & Wage Expense | 46,900 |
Concessions Revenue | 56,200 | Ticket Sales Revenue | 94,500 |
Cost of Goods Sold | 22,800 | Unearned Revenue | 2,500 |
Dividends | 2,000 | Utility Expense | 6,000 |
Marketable Equity Securities | 5,000 | Trademark | 3,000 |
Wages Payable | 1,000 |
Determine Net Income for the year ending December 31, 2015:
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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 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 Income from Operations for 2011:
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,...
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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...
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The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown below:...
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Hogan Co. had the following account balances as of December 31, 2015: Accounts Payable $ 45,000...
Hogan Co. had the following account balances as of December 31, 2015: Accounts Payable $ 45,000 Accounts Receivable 775,000 Accumulated Depreciation – Furniture Equipment 1,005,000 Cash 425,000 Hogan, Drawing 250,000 Depreciation Expense 175,000 Notes Payable - due in 5 years 500,000 Furniture Equipment 2,000,000 Rent Expense 233,000 Service Revenue 1,750,000 Unearned Service Revenue 95,000 Wage Expense 525,000 Utilities Expense 12,000 The balance in Hogan, Capital on January 1, 2015 was $1,000,000. Hogan drew out $250,000...
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
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Accounts Balances
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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
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December.
Accounts Balances
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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
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