1.
Caroline Communication's | ||
Statement of Owner's Equity | ||
Year Ended July 31,2018 | ||
Caroline, Capital, August 1, 2017 | 5050 | |
Net Income for the year | 5850 | |
Caroline, Capital, July 31, 2018 | 10900 |
2.
Caroline Communication's | ||
Classified Balance Sheet | ||
Year Ended July 31,2018 | ||
Assets: | ||
Current Assets | ||
Cash | 3500 | |
Merchandise Inventory | 900 | |
Accounts Receivable | 2900 | 7300 |
Fixed Assets | ||
Equipment ,net | 10,000 | |
Total Assets | 17,300 | |
Liabilities and Owner's Equity | ||
Current Liabilities | ||
Accounts Payable | 4700 | |
Accrued Liabilities | 1100 | 5800 |
Non current liabilities | ||
Notes Payable, Long term | 600 | |
Total Liabilities | 6400 | |
Owner's Equity | ||
Caroline ,capital, July 31,2018 | 10900 | |
Total liabilities and owner's equity | 17300 |
please show your work in detail this question has more than 1 part 6 of 20 (12 complete) H...
Requirement 1. Prepare Carissa Communications's statement of
retained earnings for the year ended
July 31 2018 . Assume that there were no dividends declared
during the year and that the business began on
tAugust 1,2017 (Enter a "0" for any zero balances. Include only
applicable transactions during the period.)
Requirement 2. Prepare
Carissa Communications's classified balance sheet at
July 31 2018
Use the report format. Begin by completing the assets section,
then complete the liabilities and stockholders' equity sections.
(If...
S5-10 (similar to) Cali Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: (Click the icon to view the accounts and balances.) Prepare Cali Communications's multi-step income statement for the year ended July 31, 2018. (Use a minus sign or parentheses to show other expenses.) i Data Table Cali Communications Income Statement Year Ended July 31, 2018 $ $ Cash Selling Expenses Accounts Payable Common Stock Notes...
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