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Advertising Expense Buildings Salaries Expense95,800Utilities Expense 44,500 ar Payabk: 8,300i Cash $16,500Service Revenue $218,000 108,000 Interest...
what is the answer here thanks! For the current year, CorpA reports the following amounts: Advertising...
what is the answer here
thanks!
For the current year, CorpA reports the following amounts: Advertising Expense $31,200 Service Revenue $129,300 Buildings $108,000 Interest Expense $3,500 Salaries Expense $67,800 Utilities Expense $14,500 Accounts Payable $6,300 Equipment $25,700 Cash $6,400 Notes Payable $30,000 In addition, the company had common stock of $60,000 at the beginning of the year and issued an additional $15,000 during the year. The company also had retained earnings of $20,000 at the beginning of the year and...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 24,000 Cost of goods...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 24,000 Cost of goods sold (food expense) 3,400 Buildings 1,600 Supplies 4,500 Salaries payable $ 62,700 52,400 30,000 2,400 900 In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $3,000 during the year. The company also had retained earnings of $16,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 29,000 Cost of goods...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 29,000 Cost of goods sold (food expense) 4,400 Buildings 2,600 Supplies 5,500 Salaries payable $67,700 53,400 40.000 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the year. The company also had retained earnings of $18,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the...
Supplie Buildings Advertising expense Equipment Purchase factory for operations. Pay for cost of advertising. Purchase equipment...
Supplie Buildings Advertising expense Equipment Purchase factory for operations. Pay for cost of advertising. Purchase equipment for operations Requir Calcula P1-5B 7.Interest expense Pay for cost of interest. Purchase supplies on credit. Distribute cash to stockholders. Borrow from the bank. Accounts payable 9Dividends 10. Notes payable Required: For each transaction, indicate whether the related account would be classified in the balance sheet as (a) an asset, (tb) a liability, or (c) stockholders' equity; in the income statement as (d) a...
Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings...
Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings 2,800 Supplies 5,700 Salaries payable 53,600 28,000 2,200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an ade The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the...
Cash Buidings Accounts Payable Utilities Expense Rent Expense Supplies expense $ 33,000 $ 64,000 $ 11,000...
Cash Buidings Accounts Payable Utilities Expense Rent Expense Supplies expense $ 33,000 $ 64,000 $ 11,000 $3,000 $ 18,000 $ 4,000 Service Revenue $ 120,000 Salaries Expense $ 24,000 Equipment $ 86,000 Supplies $6,000 Notes payable $ 42,000 Accounts Receivables $ 21,000 In addition, the company had common stock of $55,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $23,000 at the beginning of the year and...
c. Income Statement, Statement of Equity, Balance Sheet, Statement of Cash Flow d. Statement of Cash...
c. Income Statement, Statement of Equity, Balance Sheet, Statement of Cash Flow d. Statement of Cash Flows, Income Statement, Statement of Equity, Balance Sheet QUESTION 22 USE THIS INFORMATION TO ANSWER PARTS I, II, & III Advertising Expense $33,500 Service Revenue $127,600 Buildings $150,000 Interest Expense $ 3,500 Salaries Expense $ 65,000 Utilities Expense $ 15,500 Accounts Payable $ 6,400 Equipment $ 27,000 Cash $ 5,500 Notes Payable $30,000 The Company had Common Stock of $100,000 at the beginning of...
Tiffany's provides financial services related to investment selections, retirement planning, and general insurance needs. For the...
Tiffany's provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts: $33,400 Service Revenue $127,100 Advertising Expense Buildings 149,000 Interest Expense 3,400 Salaries Expense 65,000 Utilities Expense 15,400 Accounts Payable 6,300 Equipment 26,500 Cash 5,400 Notes Payable 29,500 In addition, the company had common stock of $110,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings...
Service revenue 7,600 Supplies expense 740 Supplies 2,262 Maintenance and repairs expense 690 Advertising expense 400...
Service revenue 7,600 Supplies expense 740 Supplies 2,262 Maintenance and repairs expense 690 Advertising expense 400 Utilities expense 210 Equipment 29,000 Salaries and wages expense 1,000 Common stock 24,000 During June, the company issued no additional stock but paid dividends of $1,368. Prepare an income statement for the month of June. BLOSSOM COMPANY Income Statement $ Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement Prepare a...
Income statement data: Advertising expense Cost of goods sold Dellvery expense S 150,000 3,700,000 30,000 30,000 100,000 140,500 21,000 30,000 .500 14,000 50,000 170,000 10,000 5,313,000 185,000 385,...
Income statement data: Advertising expense Cost of goods sold Dellvery expense S 150,000 3,700,000 30,000 30,000 100,000 140,500 21,000 30,000 .500 14,000 50,000 170,000 10,000 5,313,000 185,000 385,000 21,000 Depreciation expense-office buildings and equipment Depreciation expense -store buildings and equipment Income tax expense interest expense Interest revenue Miscellaneous selling expense Office rent expense Office salaries expense Office supplies expense Sales salaries expense Store supplies expense earnings and balance sheet data: Accounts payable Accounts recelvable s 194300 545,000 1,580,000 4,126,000 8,450...
what is the answer here
thanks!
For the current year, CorpA reports the following amounts: Advertising Expense $31,200 Service Revenue $129,300 Buildings $108,000 Interest Expense $3,500 Salaries Expense $67,800 Utilities Expense $14,500 Accounts Payable $6,300 Equipment $25,700 Cash $6,400 Notes Payable $30,000 In addition, the company had common stock of $60,000 at the beginning of the year and issued an additional $15,000 during the year. The company also had retained earnings of $20,000 at the beginning of the year and...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 24,000 Cost of goods sold (food expense) 3,400 Buildings 1,600 Supplies 4,500 Salaries payable $ 62,700 52,400 30,000 2,400 900 In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $3,000 during the year. The company also had retained earnings of $16,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 29,000 Cost of goods sold (food expense) 4,400 Buildings 2,600 Supplies 5,500 Salaries payable $67,700 53,400 40.000 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the year. The company also had retained earnings of $18,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the...
Supplie Buildings Advertising expense Equipment Purchase factory for operations. Pay for cost of advertising. Purchase equipment for operations Requir Calcula P1-5B 7.Interest expense Pay for cost of interest. Purchase supplies on credit. Distribute cash to stockholders. Borrow from the bank. Accounts payable 9Dividends 10. Notes payable Required: For each transaction, indicate whether the related account would be classified in the balance sheet as (a) an asset, (tb) a liability, or (c) stockholders' equity; in the income statement as (d) a...
Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings 2,800 Supplies 5,700 Salaries payable 53,600 28,000 2,200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an ade The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the...
Cash Buidings Accounts Payable Utilities Expense Rent Expense Supplies expense $ 33,000 $ 64,000 $ 11,000 $3,000 $ 18,000 $ 4,000 Service Revenue $ 120,000 Salaries Expense $ 24,000 Equipment $ 86,000 Supplies $6,000 Notes payable $ 42,000 Accounts Receivables $ 21,000 In addition, the company had common stock of $55,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $23,000 at the beginning of the year and...
c. Income Statement, Statement of Equity, Balance Sheet, Statement of Cash Flow d. Statement of Cash Flows, Income Statement, Statement of Equity, Balance Sheet QUESTION 22 USE THIS INFORMATION TO ANSWER PARTS I, II, & III Advertising Expense $33,500 Service Revenue $127,600 Buildings $150,000 Interest Expense $ 3,500 Salaries Expense $ 65,000 Utilities Expense $ 15,500 Accounts Payable $ 6,400 Equipment $ 27,000 Cash $ 5,500 Notes Payable $30,000 The Company had Common Stock of $100,000 at the beginning of...
Tiffany's provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts: $33,400 Service Revenue $127,100 Advertising Expense Buildings 149,000 Interest Expense 3,400 Salaries Expense 65,000 Utilities Expense 15,400 Accounts Payable 6,300 Equipment 26,500 Cash 5,400 Notes Payable 29,500 In addition, the company had common stock of $110,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings...
Service revenue 7,600 Supplies expense 740 Supplies 2,262 Maintenance and repairs expense 690 Advertising expense 400 Utilities expense 210 Equipment 29,000 Salaries and wages expense 1,000 Common stock 24,000 During June, the company issued no additional stock but paid dividends of $1,368. Prepare an income statement for the month of June. BLOSSOM COMPANY Income Statement $ Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement Prepare a...
Income statement data: Advertising expense Cost of goods sold Dellvery expense S 150,000 3,700,000 30,000 30,000 100,000 140,500 21,000 30,000 .500 14,000 50,000 170,000 10,000 5,313,000 185,000 385,000 21,000 Depreciation expense-office buildings and equipment Depreciation expense -store buildings and equipment Income tax expense interest expense Interest revenue Miscellaneous selling expense Office rent expense Office salaries expense Office supplies expense Sales salaries expense Store supplies expense earnings and balance sheet data: Accounts payable Accounts recelvable s 194300 545,000 1,580,000 4,126,000 8,450...
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