Income Statement | |||||
Service Revenue | $ 154,600.00 | ||||
Less: | Expenses | ||||
Rent Expense | $ 23,000.00 | ||||
Salaries Expense | $ 65,000.00 | ||||
Property Tax Expense | $ 2,200.00 | ||||
Utilities Expense | $ 7,200.00 | ||||
Misc. Expense | $ 3,800.00 | ||||
Total Expense | $ 101,200.00 | ||||
Net Income | $ 53,400.00 |
Statement of Owner's Equity | ||||
Capital, Jan 1, 2018 | $ 39,000.00 | |||
Add: | Additional Contribution | $ 13,000.00 | ||
Add: | Net Income | $ 53,400.00 | ||
$ 105,400.00 | ||||
Less: | Drawings | $ 57,000.00 | ||
Capital, Dec 31, 2018 | $ 48,400.00 |
The assets abs and equities of Damen Design Studio have the following balances at December 31,...
The assets, liabilities, and equities of Dundee Design Studio have the following balances at December 31, 2018. The owner, Ron Ingram, began EEE (Click the icon to view the account balances)(Click the icon to view the income statement for the year.) (Click the icon to view the statement of owner's equity for the year.) Dundee Design Studio Income Statement Year Ended December 31, 2018 Prepare the balance sheet for Dundee Design Studio as of December 31, 2018. (If a box...
3.000 capital balance, come $13,000, and withdrew $57.000 during the year The assets a n d equities of Damon Design Studio have the following balances Cache icon to view the account balances the icon to view the com December 31, 2018. The owner. Eric Damon, began the year with a m ent for the year) Prepare the statement of owner's equity for Damon Design Studio for the year ending December 31, 2018 Enter any increases in capital prior to the...
The asset, liabilities, and equities of Drought Design Studio have the following balances at December 31, 2018. The retained earnings was $33,000 at the beginning of the year. At year end, common stock was $20,000 and dividends were $54,000 EEE (Click the icon to view the account balances.) Prepare the income statement for Drought Design Studio for the year ending December 31, 2018 Data Table Notes Payable Rent Expensc Cash Office Supplies Salalies Experise Property Tax Expense $ 9,800 Office...
The asset, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The retained earnings was $39.000 at the beginning of the year. At year-end, common stock was $13,000 and dividends were $57,000.
7. The asset, liabilities, and equities of Dutiful Design Studio have the following balances at December 31, 2018. The retained earnings was $40,000 at the beginning of the year. At year end, common stock was $15,000 and dividends were S52,000. (Click the icon to view the account balances.) Prepare the income statement for Dutiful Design Studio for the year ending December 31, 2018, (12) Net Income 6: Data Table $ $ Notes Payable Rent Expense Cash Office Supplies Salaries Expense...
8. The asset, liabilities, and equities of Davidson Design Studio have the following balances at December 31, 2018. The retained eamings was $35,000 at the beginning of the year. At year end, common stock was $12,000 and dividends were $52,000. (Click the icon to view the account balances.) Prepare the income statement for Davidson Design Studio for the year ending December 31, 2018 (2) (3) Net Income 8: Data Table S Notes Payable Rent Expense Cash Office Supplies Salaries Expense...
The asset, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The retained earnings was $39,000 at the beginning of the year. At year end, common stock was $13,000 and dividends were $57,000.
The assets, liabilities, and equities of Darling Design Studio have the following balances at December 31, 2018. The retained earnings was $32,000 at the beginning of the year. At year end, common stock was $21,000 and dividends were $53,000. Prepare the balance sheet for Darling Design Studio as of December 31, 2018.
9. The assets, liabilities, and equities of Durham Design Studio have the following balances at December 31, 2018. The retained earnings was $32,000 at the beginning of the year. Al year end, common stock was $14,000 and dividends were $52,000. (Click the icon to view the account balances.) 1°(Click the icon to view the income staterment for the year.) "(Cilick the lcon to view the statement of retained earnings for the year ended December 31, 2018.) Prepare the balance sheet...
Can someone complete the statement of cash flows for question E1-37? I got a year end balance of 48,400. 1. Prepare the balances repare the balance sheet for Wilson Towing Service as of June 30, 2018. 2. What does the balance sheet report? Use the following inform me following information to answer Exercises E1-34 through E1-36. assets, liabilities, and equities of Damon Design Studio have the following bal- ces at December 31, 2018. The owner, Eric Damon, began the year...