Homework Answers
| Beta Guard, Inc. | ||
| Statement of Retained Earnings | ||
| Year Ended December 31, 2018 | ||
| Retained earnings, January 1, 2018 | 22000 | |
| Less: Net loss | 10000 | |
| Dividends | 3000 | 13000 |
| Retained earnings, December 31, 2018 | 9000 | |
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E3-21A (similar to) Question Help Beta Guard, Inc., began the year with $20,000 of common stock...
Question Help E3-21A (book/static) Question Help Sentry Alarm, Inc., began the year with $19,000 of common...
Question Help E3-21A (book/static) Question Help Sentry Alarm, Inc., began the year with $19,000 of common stock and $22.600 of retained earnings. On June 5, investors bought $12,000 of additional stock in the business. On September 22, the business purchased land valued at $65,000. The income statement for the year ended December 31, 2018, reported a net loss of $10,800. During this fiscal year, the business paid $275 for dividends each month. Read the requirements. Requirement 1. Prepare Sentry Alarm's...
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S1-14 (similar to) E Question Help Memorex Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: E (Click the icon to view the assembled data of Memorex Arrangements.) (Click the icon to view the income statement.) E (Click on the icon to view the statement of retained earnings.) Prepare the balance sheet of Memorex Arrangements as of December...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,400,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $12 per share. Noric reported the following results for the month ended October 31: Net income $2,000,000 Cash dividends declared 455,000 Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss...
10 Cooper Industries, Inc., began 2015 with retained earnings of $24.37 milion. During the year it...
10
Cooper Industries, Inc., began 2015 with retained earnings of $24.37 milion. During the year it paid four quarterfy dividends of $0.32 per share to 3.17 million common stockholders. Preferred stockholders, holding 521,000 shares, were paid two semiannual dividends of $0.74 per share. The firm had a net profit after taxes of $5.17 million. Prepare the statement of retained earnings for the year ended December 31, 2015 Complete the statement of retained eamings below (Round to the nearest dollar) Cooper...
E3-23A (book/static) Question Help The adjusted trial balance for Chef on Demand Catering, Inc., is presented...
E3-23A (book/static) Question Help The adjusted trial balance for Chef on Demand Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Chef on Demand Catering, Inc., for the month ended January 31, 2018. Also prepare a balance sheet at January 31, 2018 (Click the icon to view the adjusted trial balance.) Prepare the income statement. (If a box is not used in the statement, leave the box emply, do not select a label or...
is Question: 5 pts 10 16 CM Fate May Bakery, Inc. reported a prior period adjustment...
is Question: 5 pts 10 16 CM Fate May Bakery, Inc. reported a prior period adjustment in 2018. An accounting error caused net income of prior years to be overstated by $10,000. Retired Earnings at December 31, 2017, as previously reported, was $30.000. Met income 2018 was 578,000, and dividends declared were $22,000. Prepare the company's statement of retained earnings for the year ended December 31, 2018 Enter any current period increases in retained earnings prior to the total and...
Can someone help me solve this? what am I not getting? any feedback will be a...
Can someone help me solve this? what am I not getting? any
feedback will be a big help
Instructions Labels and Amount Descriptions ! Retained Earnings Statement Instructions Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2018, Retained Earnings had a balance of $918,000. During the year, no additional common stock was issued, and $15,000 of dividends were paid. For the year ended December 31, 2018, Grab Bag Delivery reported a net loss of $43,500. Prepare...
E3-34A (similar to) Question Help On October 1, 2010, Computer Consulting, Inc. was formed when the...
E3-34A (similar to) Question Help On October 1, 2010, Computer Consulting, Inc. was formed when the owners contributed $55,000 cash to the business in exchange for common stock. On November 1, 2010, the company paid $36,000 cash to rent office space for the coming year. The consulting services generated $77,000 of cash revenue during 2010. Prepare an income statement, statement of changes in shareholders' equity, and statement of cash flows for the 3 months ended December 31, 2010, and a...
For the year ended December 31, 2017, ABC Inc. reported the following: Net income
For the year ended December 31, 2017, ABC Inc. reported the following: Net income $400,000 Common share dividend declared 20,000 Unrealized holding loss, net of tax 10,000 Retained earnings, beginning balance (unadjusted) 900,000 Common stock 200,000 Prior period adjustment (net of tax), Jan. 1, 2020 225,000 Accumulated Other Comprehensive Income, Beginning Balance 30,000 1) Prepare the statement of retained earnings for year ended december 31, 2017 2) Determine ABC Inc comprehensive income for the year ended december 31, 2017
Requirement 1. Prepare the income statement of Post Maple Garden Supply, Inc., for the year ended...
Requirement 1. Prepare the income statement of Post Maple Garden Supply, Inc., for the year ended December 31, 2018 Let's begin the heading and then complete the rest of the statement. (If a box is not used in the financial statements leave the box empty: do not select a label or enter a zero. Use parentheses or a minus sign to enter a net loss.) Post Maple Garden Supply, Inc. Income Statement Year Ended December 31, 2018 Revenue: 0 Data...
Question Help E3-21A (book/static) Question Help Sentry Alarm, Inc., began the year with $19,000 of common stock and $22.600 of retained earnings. On June 5, investors bought $12,000 of additional stock in the business. On September 22, the business purchased land valued at $65,000. The income statement for the year ended December 31, 2018, reported a net loss of $10,800. During this fiscal year, the business paid $275 for dividends each month. Read the requirements. Requirement 1. Prepare Sentry Alarm's...
S1-14 (similar to) E Question Help Memorex Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: E (Click the icon to view the assembled data of Memorex Arrangements.) (Click the icon to view the income statement.) E (Click on the icon to view the statement of retained earnings.) Prepare the balance sheet of Memorex Arrangements as of December...
10
Cooper Industries, Inc., began 2015 with retained earnings of $24.37 milion. During the year it paid four quarterfy dividends of $0.32 per share to 3.17 million common stockholders. Preferred stockholders, holding 521,000 shares, were paid two semiannual dividends of $0.74 per share. The firm had a net profit after taxes of $5.17 million. Prepare the statement of retained earnings for the year ended December 31, 2015 Complete the statement of retained eamings below (Round to the nearest dollar) Cooper...
E3-23A (book/static) Question Help The adjusted trial balance for Chef on Demand Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Chef on Demand Catering, Inc., for the month ended January 31, 2018. Also prepare a balance sheet at January 31, 2018 (Click the icon to view the adjusted trial balance.) Prepare the income statement. (If a box is not used in the statement, leave the box emply, do not select a label or...
is Question: 5 pts 10 16 CM Fate May Bakery, Inc. reported a prior period adjustment in 2018. An accounting error caused net income of prior years to be overstated by $10,000. Retired Earnings at December 31, 2017, as previously reported, was $30.000. Met income 2018 was 578,000, and dividends declared were $22,000. Prepare the company's statement of retained earnings for the year ended December 31, 2018 Enter any current period increases in retained earnings prior to the total and...
Can someone help me solve this? what am I not getting? any
feedback will be a big help
Instructions Labels and Amount Descriptions ! Retained Earnings Statement Instructions Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2018, Retained Earnings had a balance of $918,000. During the year, no additional common stock was issued, and $15,000 of dividends were paid. For the year ended December 31, 2018, Grab Bag Delivery reported a net loss of $43,500. Prepare...
E3-34A (similar to) Question Help On October 1, 2010, Computer Consulting, Inc. was formed when the owners contributed $55,000 cash to the business in exchange for common stock. On November 1, 2010, the company paid $36,000 cash to rent office space for the coming year. The consulting services generated $77,000 of cash revenue during 2010. Prepare an income statement, statement of changes in shareholders' equity, and statement of cash flows for the 3 months ended December 31, 2010, and a...
Requirement 1. Prepare the income statement of Post Maple Garden Supply, Inc., for the year ended December 31, 2018 Let's begin the heading and then complete the rest of the statement. (If a box is not used in the financial statements leave the box empty: do not select a label or enter a zero. Use parentheses or a minus sign to enter a net loss.) Post Maple Garden Supply, Inc. Income Statement Year Ended December 31, 2018 Revenue: 0 Data...
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