Homework Answers
| 33) | 919000 | Revenue | |||
| 34) | 210,000 | Net income | |||
| 35) | 50,000 | Issuance | |||
| 36) | 30000 | Dividends | |||
| 37) | 200 | supplies | |||
| 38) | 1265000 | Total Assets | |||
| 39) | 1001000 | Stockholder's Equity | |||
| 40) | 1265000 | Total L & SE | |||
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I need help with 33-40 Use the following to answer questions 33 - 40 Income Statement...
Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000...
Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000 Salaries $456,000 Issuance #35 Administrative 245,000 Net income 210,000 Utilities 8.000 Dividends #36 Total expenses 709,000| Ending) $500,000 $501.000 Net income #34 Balance Sheet Assets Liabilities Cash $25,000 Accounts payable $14,000 A/R 30,000 Notes payable T 2 50.000 Supplies #37 Total liabilities $264,000 Prepaid rent 2,000 Stockholders' Equity Equipment 207,800 Common stock Building 1,000,000 Retained earnings Total stockholders' equity #39 Total assets #38 Total...
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the...
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense $300,000 650,000 325,000 25,000 10,000 150,000 Rent expense Interest expense Dividends Prepare the closing entries. 34. $___ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. S_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be debited? 36....
I need help with 34-39 Use the following to answer questions 34 - 36 The year-end...
I need help with 34-39
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense Rent expense Interest expense Dividends $300,000 450,000 250,000 20,000 5,000 75,000 Prepare the closing entries. 34. $_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. $ In preparing the closing entries for the temporary accounts, how much should...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ????...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
hi I need help with these questions... thanks DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
Need help ASAP!! Include steps for the blanks! REQUIRED: Home B A 7 с 4 Solve...
Need help ASAP!! Include steps for the blanks!
REQUIRED: Home B A 7 с 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements 7 10.5 points Skipped eBook References 8 MARTA COMMUNICATIONS, INC. 9 Income Statement 10 For the Month Ended March 31, 20X1 $34,500...
Use the following to answer questions 28 - 35 TJ Corporation has provided their trial balance...
Use the following to answer questions 28 - 35 TJ Corporation has provided their trial balance at the end of January. Debits Credits Cash $35.000 Accounts receivable 65,000 Supplies 1,000 Prepaid expenses 6.500 Buildings/Equipment, net 1,158,500 Accounts payable $25,000 Income tax payable 65,000 Utilities payable 1,000 Deferred revenue | 8,000 Notes payable 200,000 Common stock 500,000 Retained Earnings 325,000 Dividends 150,000 Service revenue 852,000 Salaries expense 354,000 Insurance expense 10,000 Advertising expense 125,000 Supplies expense 5,000 Depreciation expense 50,000 Rent...
I need help with 32-35 TR Corporation has provided their trial balance at the end of...
I need help with 32-35
TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 Cash Accounts receivable Supplies Prepaid expenses Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 500,000 250,000 95,800 689,000 325,000 12,000 150,000 5,000 35,000 18,000...
Yellow boxes need excel formulas in them A1 X fic Presented below are incomplete financial statements...
Yellow boxes need excel formulas in them
A1 X fic Presented below are incomplete financial statements for Marta Communications, 1 Presented below are incomplete financial statements for Marta Communications, Inc. 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. BEBO O va MARTA COMMUNICATIONS, INC....
Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000 Salaries $456,000 Issuance #35 Administrative 245,000 Net income 210,000 Utilities 8.000 Dividends #36 Total expenses 709,000| Ending) $500,000 $501.000 Net income #34 Balance Sheet Assets Liabilities Cash $25,000 Accounts payable $14,000 A/R 30,000 Notes payable T 2 50.000 Supplies #37 Total liabilities $264,000 Prepaid rent 2,000 Stockholders' Equity Equipment 207,800 Common stock Building 1,000,000 Retained earnings Total stockholders' equity #39 Total assets #38 Total...
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense $300,000 650,000 325,000 25,000 10,000 150,000 Rent expense Interest expense Dividends Prepare the closing entries. 34. $___ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. S_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be debited? 36....
I need help with 34-39
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense Rent expense Interest expense Dividends $300,000 450,000 250,000 20,000 5,000 75,000 Prepare the closing entries. 34. $_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. $ In preparing the closing entries for the temporary accounts, how much should...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
Chapter 1 Homework Submit your answers in CANVAS before it is due When Inputting your answers in CANVAS do not include S signs or commas in your answers. DO NOT include words in your answer unless specifically asked. Use the following information to answer questions 1-10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity Operating Investing or Financing When answering the question, Input ONLY the first letter,...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
Need help ASAP!! Include steps for the blanks!
REQUIRED: Home B A 7 с 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements 7 10.5 points Skipped eBook References 8 MARTA COMMUNICATIONS, INC. 9 Income Statement 10 For the Month Ended March 31, 20X1 $34,500...
Use the following to answer questions 28 - 35 TJ Corporation has provided their trial balance at the end of January. Debits Credits Cash $35.000 Accounts receivable 65,000 Supplies 1,000 Prepaid expenses 6.500 Buildings/Equipment, net 1,158,500 Accounts payable $25,000 Income tax payable 65,000 Utilities payable 1,000 Deferred revenue | 8,000 Notes payable 200,000 Common stock 500,000 Retained Earnings 325,000 Dividends 150,000 Service revenue 852,000 Salaries expense 354,000 Insurance expense 10,000 Advertising expense 125,000 Supplies expense 5,000 Depreciation expense 50,000 Rent...
I need help with 32-35
TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 Cash Accounts receivable Supplies Prepaid expenses Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 500,000 250,000 95,800 689,000 325,000 12,000 150,000 5,000 35,000 18,000...
Yellow boxes need excel formulas in them
A1 X fic Presented below are incomplete financial statements for Marta Communications, 1 Presented below are incomplete financial statements for Marta Communications, Inc. 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. BEBO O va MARTA COMMUNICATIONS, INC....
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