prepare a Schedule of Cost of Goods Sold and a multi-step Income Statement, Cash 66,300 Accounts...
prepare a Schedule of Cost of Goods Sold and a multi-step Income Statement, Cash 66,300 Accounts Receivable 2,450 Building 450,250 Accumulated Depreciation 200,000 Inventory 185,700 Supplies 5,200 Capital Stock 300,000 Dividends 40,000 Purchases 736,200 Salaries Expense 76,400 Inventory (January 1, 2018) 171,000 Operating Expense 110,100 Salaries Payable 2,600 Retained Earnings 211,100 Freight-In 3,500 Sales 972,400 Accounts Payable 15,300 Depreciation Expense 40,000
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prepare a Schedule of Cost of Goods Sold and a multi-step Income Statement, Cash 66,300 Accounts...
3. Prepare Tristan Electronics's multi-step income statement for year ended March 31, 2018 Tristan Electronics Company...
3. Prepare Tristan Electronics's multi-step income statement for year ended March 31, 2018 Tristan Electronics Company Adjusted Trial Balance March 31, 2018 Account Title Cash Balance Debit Credit 10,000 38,400 45,600 Accounts Receivable Merchandise Inventory Office Supplies Equipment Depreciation Expense-Equipment (Administrative) Interest Receivable 5,900 131,500 1,315 300 Interest Payable 1,400 16,500 13,000 Accounts Payable Unearned Revenue Salaries Payable Notes Payable, long-term Estimated Returns Inventory Accumulated Depreciation-Equipment Refunds Payable 2,700 46,000 1,050 37,815 3,500 1,400 Interest Payable Accounts Payable Unearned Revenue...
prepare: Use the following accounts and balances to L. Multi-step Income Statement 2. Statement of Retained...
prepare: Use the following accounts and balances to L. Multi-step Income Statement 2. Statement of Retained Earnings 3. Classified Balance Sheet Account Amount Account Amount Accounts payable S38 500 Loss on sale of equipment S 20,000 Accounts receivable 450,000 Marketable securities $ 30,000 8000Miscellaneous administrative expense S 6,000 depreciation-office equipmentS Accum, de Advertising expense Allowance for Doubtful Accounts Bonds Payable epreciation-store equipment$ 87500 S 420,000 Note payable (due June 2019) $9,000 payable (final payment due 2022) 5 36,000 15,000Notes Receivable...
Prepare a multi-step income statemenr and compute the gross profit rate and profit margin ratio for...
Prepare a multi-step income statemenr and compute the gross
profit rate and profit margin ratio for the following.
Part II (20 points) The adjusted trial balance of Baratheon Tool & Die Company included the following selected accounts: I$ $ $ Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense 45,600 Dividends Payable 39,000 Freight-Out 282,000 Gain on Sale of Investment 12,000 Income Tax Expense 7.500 Property Taxes Payable 11,600 Retained Earnings 4,600 | Salaries Expense 14,000 36,000 388,000 24,000 Sales 1,772,000...
6. Post adjusting entries and prepare an adjusted trial balance 7. Prepare a multi-step income statement...
6. Post adjusting entries and prepare an adjusted trial balance 7. Prepare a multi-step income statement and statement of owner's equity for the year ended December 31, 2018 Prepare a classified balance sheet as of Dscember 31, 2018 Assume Interest Receivable is a current asset and Interest Payable is a current liability 8. Evaluate the company's success for the first year of operations by calculating the following ratios Round to two decimal places Comment on the results a. Liquidity i....
Prepare a Classified Balance Sheet The following is a list of accounts of the Dienstag Company...
Prepare a Classified Balance
Sheet
The following is a list of accounts of the Dienstag Company for the current year end (December 31, 2020. All of the accounts have normal balances. You are being asked to prepare an Income Statement, a statement of Retained Earnings and a classified Balance Sheet. Accounts Payable $48,000 Administrative Salary Expense $400,000 Accounts Receivable 32,000 64,000 Beginning Inventory Freight -In 56,000 48,000 Accumulated Depreciation - Building Freight-out Expense Allowance for Uncollectible Accounts 64,000 0,000 Ending...
PREPARE A MULTI STEP INCOME STATEMENT FROM INFORMATION BELOW, IF SOMETHING HERE DOESNT BELONG IN THE...
PREPARE A MULTI STEP INCOME STATEMENT FROM INFORMATION BELOW, IF SOMETHING HERE DOESNT BELONG IN THE STATEMENT, THEN JUST IGNORE IT. Cash 990,000 Common Stock 10,000 Service Revenue 355,000 Accounts Receivable 65,000 Additional Paid in Capital 390,000 Notes Payable 350,000 Interest Expense 29,167 Interest Payable 29,167 Prepaid Rent 24,000 Equipment 76,000 Depreciation 10,000 Accumulated Depreciation 10,000 Supplies 5,000 Unearned Service Revenue 30,000 Misc Expense 50,000 prepaid insurance 12,000 insurance expense 12,000 accounts payable 6,000 unrealized gain in investment 6,000 unrealized...
Create a statement of Retained earnings The following is a list of accounts of the Dienstag...
Create a statement of Retained
earnings
The following is a list of accounts of the Dienstag Company for the current year end (December 31, 2020. All of the accounts have normal balances. You are being asked to prepare an Income Statement, a statement of Retained Earnings and a classified Balance Sheet. Accounts Payable $48,000 Administrative Salary Expense $400,000 Accounts Receivable 32,000 64,000 Beginning Inventory Freight -In 56,000 48,000 Accumulated Depreciation - Building Freight-out Expense Allowance for Uncollectible Accounts 64,000 0,000...
Appendix 2 PR 5-10A Periodic inventory accounts, multiple-step income statement, closing entries On December 31, 2045,...
Appendix 2 PR 5-10A Periodic inventory accounts, multiple-step income statement, closing entries On December 31, 2045, the balances of the accounts appearing in the ledger of Wyman Company are as follows: $ 13,500 72,000 257,000 35,000 3,000 4,500 150,000 270,000 Cash Accounts Receivable Inventory, January 1, 2045 Estimated Returns Inventory, January 1, 2015 Office Supplies Prepaid Insurance Land Store Equipment Accumulated Depreciation- Store Equipment Office Equipment Accumulated Depreciation- Office Equipment Accounts Payable Salaries Payable Customer Refunds Payable Unearned Rent Notes...
Preparation of Financial Statements Use the following information to prepare a multi-step Statement of Comprehensive Income,...
Preparation of Financial Statements Use the following information to prepare a multi-step Statement of Comprehensive Income, a Statement of Changes in Shareholders Equity, and a classified Statement of Financial Position. Charles Corporation Adjusted Trial Balance December 31, 2017 Debit Credit $ 33,400 87,400 Cash 90,000 7,000 170,000 Merchandise Inventory.. Store Supplies Store Equipment. Accumulated Depreciation-Store Equipment Delivery Equipment Accumulated Depreciation-Delivery Equipment Notes Payable Accounts Payable Common Shares.... Retained Earnings. Sales Sales Return and Allowances Cost of Goods Sold. 54,000 96,000...
build statements sing the normal balances for Gus Company below, prepare a Multi-step Income catement, Statement...
build statements
sing the normal balances for Gus Company below, prepare a Multi-step Income catement, Statement of Retained Earnings, and a Classified Balance Sheet. Du do not need to distinguish between Selling and General/Admin Expenses but be sur ppropriate dates are indicated in each of the three statements. Gus Company Year ended December 31, 2020 ccounts are in alphabetical order) Accounts Payable 32,000 35,000 20,000 3,500 4,500 50,000 46,000 Accounts Receivable Accumulated Depreciation Allowance for Uncollectible Accounts Bad Debt Expense...
3. Prepare Tristan Electronics's multi-step income statement for year ended March 31, 2018 Tristan Electronics Company Adjusted Trial Balance March 31, 2018 Account Title Cash Balance Debit Credit 10,000 38,400 45,600 Accounts Receivable Merchandise Inventory Office Supplies Equipment Depreciation Expense-Equipment (Administrative) Interest Receivable 5,900 131,500 1,315 300 Interest Payable 1,400 16,500 13,000 Accounts Payable Unearned Revenue Salaries Payable Notes Payable, long-term Estimated Returns Inventory Accumulated Depreciation-Equipment Refunds Payable 2,700 46,000 1,050 37,815 3,500 1,400 Interest Payable Accounts Payable Unearned Revenue...
prepare: Use the following accounts and balances to L. Multi-step Income Statement 2. Statement of Retained Earnings 3. Classified Balance Sheet Account Amount Account Amount Accounts payable S38 500 Loss on sale of equipment S 20,000 Accounts receivable 450,000 Marketable securities $ 30,000 8000Miscellaneous administrative expense S 6,000 depreciation-office equipmentS Accum, de Advertising expense Allowance for Doubtful Accounts Bonds Payable epreciation-store equipment$ 87500 S 420,000 Note payable (due June 2019) $9,000 payable (final payment due 2022) 5 36,000 15,000Notes Receivable...
Prepare a multi-step income statemenr and compute the gross
profit rate and profit margin ratio for the following.
Part II (20 points) The adjusted trial balance of Baratheon Tool & Die Company included the following selected accounts: I$ $ $ Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense 45,600 Dividends Payable 39,000 Freight-Out 282,000 Gain on Sale of Investment 12,000 Income Tax Expense 7.500 Property Taxes Payable 11,600 Retained Earnings 4,600 | Salaries Expense 14,000 36,000 388,000 24,000 Sales 1,772,000...
6. Post adjusting entries and prepare an adjusted trial balance 7. Prepare a multi-step income statement and statement of owner's equity for the year ended December 31, 2018 Prepare a classified balance sheet as of Dscember 31, 2018 Assume Interest Receivable is a current asset and Interest Payable is a current liability 8. Evaluate the company's success for the first year of operations by calculating the following ratios Round to two decimal places Comment on the results a. Liquidity i....
Prepare a Classified Balance
Sheet
The following is a list of accounts of the Dienstag Company for the current year end (December 31, 2020. All of the accounts have normal balances. You are being asked to prepare an Income Statement, a statement of Retained Earnings and a classified Balance Sheet. Accounts Payable $48,000 Administrative Salary Expense $400,000 Accounts Receivable 32,000 64,000 Beginning Inventory Freight -In 56,000 48,000 Accumulated Depreciation - Building Freight-out Expense Allowance for Uncollectible Accounts 64,000 0,000 Ending...
Create a statement of Retained
earnings
The following is a list of accounts of the Dienstag Company for the current year end (December 31, 2020. All of the accounts have normal balances. You are being asked to prepare an Income Statement, a statement of Retained Earnings and a classified Balance Sheet. Accounts Payable $48,000 Administrative Salary Expense $400,000 Accounts Receivable 32,000 64,000 Beginning Inventory Freight -In 56,000 48,000 Accumulated Depreciation - Building Freight-out Expense Allowance for Uncollectible Accounts 64,000 0,000...
Appendix 2 PR 5-10A Periodic inventory accounts, multiple-step income statement, closing entries On December 31, 2045, the balances of the accounts appearing in the ledger of Wyman Company are as follows: $ 13,500 72,000 257,000 35,000 3,000 4,500 150,000 270,000 Cash Accounts Receivable Inventory, January 1, 2045 Estimated Returns Inventory, January 1, 2015 Office Supplies Prepaid Insurance Land Store Equipment Accumulated Depreciation- Store Equipment Office Equipment Accumulated Depreciation- Office Equipment Accounts Payable Salaries Payable Customer Refunds Payable Unearned Rent Notes...
Preparation of Financial Statements Use the following information to prepare a multi-step Statement of Comprehensive Income, a Statement of Changes in Shareholders Equity, and a classified Statement of Financial Position. Charles Corporation Adjusted Trial Balance December 31, 2017 Debit Credit $ 33,400 87,400 Cash 90,000 7,000 170,000 Merchandise Inventory.. Store Supplies Store Equipment. Accumulated Depreciation-Store Equipment Delivery Equipment Accumulated Depreciation-Delivery Equipment Notes Payable Accounts Payable Common Shares.... Retained Earnings. Sales Sales Return and Allowances Cost of Goods Sold. 54,000 96,000...
build statements
sing the normal balances for Gus Company below, prepare a Multi-step Income catement, Statement of Retained Earnings, and a Classified Balance Sheet. Du do not need to distinguish between Selling and General/Admin Expenses but be sur ppropriate dates are indicated in each of the three statements. Gus Company Year ended December 31, 2020 ccounts are in alphabetical order) Accounts Payable 32,000 35,000 20,000 3,500 4,500 50,000 46,000 Accounts Receivable Accumulated Depreciation Allowance for Uncollectible Accounts Bad Debt Expense...
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