1. These financial statement item are for UPS Company at fiscal year-end, October 31, 2019. ...
1. These financial statement item are for UPS Company at fiscal year-end, October 31, 2019.
Salaries and wages payable $2,980 Notes payable (long-term) $3,000
Salaries and wages expense $45,700 Cash $5,200
Utilities expense $21,100 Account Receivable %9,780
Equipment $38,000 Accumulated depreciation $6,000
Accounts payable $4,100 Owner’s Drawings $4,000
Service Revenue $57,200 Depreciation expense $4,000
Rent revenue $6,500 Owner’s capital (beginning of the year) 48,000
Instructions: Prepare a classified balance sheet at October 31, 2019:
2.The following information is for Qwik Auto Supplies:
Qwik Auto Supplies
Balance Sheet
December 31, 2016
Cash 45,000 Accounts payable 140,000
Prepaid Insurance 80,000 Salaries and Wages Payable 60,000
Accounts Receivable 110,000 Mortage Payable 150,000
Inventory 140,000 Total Liabilities 350,000
Land Hled for Investment 185,000
Land 250,000
Building 200,000
Less accumulated Owner’s Capital 750,000
Depreciation (50,000) 150,000
Trademark 140,000 Total and Liab and Owner’s Equality1,100,000
Total assets 1,100,000
The total dollar amount of assets to be classified as current assets is
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
1. These financial statement item are
for UPS Company at fiscal year-end, October 31, 2019.
...
These financial statement items are for Regent Company at year-end, July 31, 2015. Salaries and wages...
These financial statement items are for Regent Company at year-end, July 31, 2015. Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 Utilities expense 21,100 Accounts receivable 9,780 Equipment 38,000 Accumulated depreciation 6,000 Accounts payable 4,100 Dividends 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Retained earnings 28,000 Common stock 20,000 (Aug. 1, 2014) Prepare an income statement and a retained earnings statement for the year. Stockholders not make...
These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries...
These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 utilities expense 21,100 Accounts receivable 9,730 Suipment 38,000 Accumulated depreciation 5,000 A unts payable 4,100 Owner's Drawings 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Owner's capital (beginning 48,000 of the year) Instructions a) Prepare an income statement and an owner's equity statement for the...
The following information is for Qwik Auto Supplies: Qwik Auto Supplies Balance Sheet December 31, 2020...
The following information is for Qwik Auto Supplies: Qwik Auto Supplies Balance Sheet December 31, 2020 Cash $ 45,000 Accounts Payable 140,000 60,000 Prepaid Insurance 80,000 Salaries and Wages Payable Mortgage Payable 150,000 Total Liabilities 350,000 Accounts 110,000 Receivable Inventory 140,000 Land Held for 185,000 Investment Land 250,000 Building $200,000 Less Accumulated Depreciation (50,000) 150,000 Trademark 140,000 Total Assets $1,100,000 Owner's Capital 750,000 Total Liabilities and Owner's $1,100,000 Equity The total dollar amount of assets to be classified as investments...
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $ 4,000 Salaries and wages expense 58,900 Supplies expense 16,800 Equipment 15,300 Accounts payable 4,000 Service revenue 67,500 Rent revenue 9,700 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 37,000 Accounts receivable 11,000 Accumulated depreciation-equipment 7,700 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,100 Prepare a classified balance sheet at July 31. (List Current Assets in order...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $ 1.800 51,000 22,900 31,000 4,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,800 15,400 9.000 6.200 3,900 3.700 21.500 63,500 8.700 28,700 Prepare an income statement for the year. (Enter negative amounts using either a...
Thank you Exercise 4-17 al,a2-b (Video) These financial statement items are for Norsted Company at year-end,...
Thank you
Exercise 4-17 al,a2-b (Video) These financial statement items are for Norsted Company at year-end, July 31, 2019. Salaries and wages payable $2,080 Notes payable (long-term) $ 1,800 Salaries and wages expense 51,700 Cash 14,200 Utilities expense 22,600 Accounts receivable 9,780 Equipment 30,400 Accumulated depreciation-equipment 6,000 Accounts payable 4,100 Dividends 3,000 Service revenue 62,000 Depreciation expense 4,000 Rent revenue 8,500 Retained Earnings (beginning of the year) 21,200 Common Stock 30,000 Prepare an income statement for the year. (Enter negative...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 4,580 Accounts Receivable...
Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 4,580 Accounts Receivable 41,540 Prepaid Insurance 7,750 Supplies 2,110 Land 122,160 Building 300,400 Accumulated Depreciation—Building 149,270 Equipment 146,800 Accumulated Depreciation—Equipment 106,320 Accounts Payable 13,030 Unearned Rent 7,390 Suzanne Emerson, Capital 319,400 Suzanne Emerson, Drawing 16,190 Fees Earned 352,050 Salaries and Wages Expense 209,820 Utilities Expense 46,120 Advertising Expense 24,640 Repairs Expense 18,660 Miscellaneous Expense 6,690 947,460 947,460 The data needed to determine year-end adjustments are as follows:...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
These financial statement items are for Rugen Company at year-end, July 31, 2016. (20 pts Salaries and wages payable $ 2,980 Notes payable (long-term) $ 3,000 Salaries and wages expense 45,700 Cash 5,200 utilities expense 21,100 Accounts receivable 9,730 Suipment 38,000 Accumulated depreciation 5,000 A unts payable 4,100 Owner's Drawings 4,000 Service revenue 57,200 Depreciation expense 4,000 Rent revenue 6,500 Owner's capital (beginning 48,000 of the year) Instructions a) Prepare an income statement and an owner's equity statement for the...
The following information is for Qwik Auto Supplies: Qwik Auto Supplies Balance Sheet December 31, 2020 Cash $ 45,000 Accounts Payable 140,000 60,000 Prepaid Insurance 80,000 Salaries and Wages Payable Mortgage Payable 150,000 Total Liabilities 350,000 Accounts 110,000 Receivable Inventory 140,000 Land Held for 185,000 Investment Land 250,000 Building $200,000 Less Accumulated Depreciation (50,000) 150,000 Trademark 140,000 Total Assets $1,100,000 Owner's Capital 750,000 Total Liabilities and Owner's $1,100,000 Equity The total dollar amount of assets to be classified as investments...
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $ 4,000 Salaries and wages expense 58,900 Supplies expense 16,800 Equipment 15,300 Accounts payable 4,000 Service revenue 67,500 Rent revenue 9,700 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 37,000 Accounts receivable 11,000 Accumulated depreciation-equipment 7,700 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,100 Prepare a classified balance sheet at July 31. (List Current Assets in order...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $ 1.800 51,000 22,900 31,000 4,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,800 15,400 9.000 6.200 3,900 3.700 21.500 63,500 8.700 28,700 Prepare an income statement for the year. (Enter negative amounts using either a...
Thank you
Exercise 4-17 al,a2-b (Video) These financial statement items are for Norsted Company at year-end, July 31, 2019. Salaries and wages payable $2,080 Notes payable (long-term) $ 1,800 Salaries and wages expense 51,700 Cash 14,200 Utilities expense 22,600 Accounts receivable 9,780 Equipment 30,400 Accumulated depreciation-equipment 6,000 Accounts payable 4,100 Dividends 3,000 Service revenue 62,000 Depreciation expense 4,000 Rent revenue 8,500 Retained Earnings (beginning of the year) 21,200 Common Stock 30,000 Prepare an income statement for the year. (Enter negative...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
Most questions answered within 3 hours.
-
Sam buys a hollow, plastic rock where he plans to hide his spare
key. He puts...
asked 5 minutes ago -
Find an example of a Python program on the Web that
illustrates the program’s decisions using...
asked 3 minutes ago -
significance for bone density scores are normally distributed
with a mean of 0 and a standard...
asked 5 minutes ago -
Identify which sets of quantum numbers are valid for an
electron. Each set is ordered (n,ℓ,mℓ,ms)....
asked 14 minutes ago -
11.Which of the following mutations would most likely to disrupt
the structure of an α-helix?
Cys...
asked 21 minutes ago -
____ 16. State your conclusion to the hypothesis test.
A local retailer currently schedules employees based...
asked 28 minutes ago -
8. What is the translational kinetic energy of a 0.1 g car
moving at 1 km/s?...
asked 28 minutes ago -
C++
Redo Practice program 1 from chapter 11, but this time define
the Money ADT class...
asked 48 minutes ago -
Experiment 7 Empirical Formula
Objectives:
Determine the expected formula for the ionic oxide expected
when Mg...
asked 57 minutes ago -
When aqueous solutions of NH4OH(aq)
and CuCl2(aq) are mixed, the products
are NH4Cl (aq) and
Cu(OH)2(s)....
asked 59 minutes ago -
Describe the heart of different animals in circulation and
explain.
Fish 2 chambered Heart.
Amphibians 3...
asked 1 hour ago -
Which has the greater rotational momentum, the disc or the
ring?
asked 1 hour ago