Label as financing, operating, investing activities.
Cash |
Investment Securities--AFS |
Accrured Interest Receivable |
Accounts Receivable |
Allowance for Doubtful Accounts |
Merchandise Inventory |
Prepaid Insurance |
Store Supplies |
Land |
Building |
Accumulated Depreciation: Building |
Office & Store Equipment |
Accumulated Depreciation: Office & Store Equipment |
Delivery Trucks |
Accumulated Depreciation: Delivery Trucks |
Accounts Payable |
FICA Taxes Payable |
Withholding Taxes Payable |
Unemployment Taxes Payable |
Union Dues Payable |
Salaries & Wages Payable |
Accrued Utilities Payable |
Income taxes payable |
Mortgage Payable |
Accrued Interest Payable |
Common Stock |
PIC in Excess of Par |
Retained Earnings |
Sales |
Sales Returns |
Sales Discounts |
Interest revenue |
Purchases |
Purchase Returns |
Purchase Discounts |
Freight In |
Cost of Goods Sold |
Salaries & Wages Expense |
Payroll Tax Expense |
Advertising Expense |
Repair Expense |
Store Supplies Expense |
Utilities Expense |
Insurance Expense |
Depreciation Expense |
Bad Debt Expense |
Miscellaneous Expense |
Interest Expense |
Income tax expense |
Cash | Operating |
Investment Securities--AFS | Investing |
Accrured Interest Receivable | Operating |
Accounts Receivable | Operating |
Allowance for Doubtful Accounts | Operating |
Merchandise Inventory | Operating |
Prepaid Insurance | Operating |
Store Supplies | Operating |
Land |
Investing |
Building |
Investing |
Accumulated Depreciation: Building |
Operating |
Office & Store Equipment | Investing |
Accumulated Depreciation: Office & Store Equipment | Operating |
Delivery Trucks | Investing |
Accumulated Depreciation: Delivery Trucks | Operating |
Accounts Payable | Operating |
FICA Taxes Payable | Operating |
Withholding Taxes Payable | Operating |
Unemployment Taxes Payable | Operating |
Union Dues Payable | Operating |
Salaries & Wages Payable | Operating |
Accrued Utilities Payable | Operating |
Income taxes payable | Operating |
Mortgage Payable | Fiancing |
Accrued Interest Payable | Operating |
Common Stock | Fiancing |
PIC in Excess of Par | Fiancing |
Retained Earnings | Fiancing |
Sales | Operating |
Sales Returns | Operating |
Sales Discounts | Operating |
Interest revenue | Investing |
Purchases | Operating |
Purchase Returns | Operating |
Purchase Discounts | Operating |
Freight In | Operating |
Cost of Goods Sold | Operating |
Salaries & Wages Expense | Operating |
Payroll Tax Expense | Operating |
Advertising Expense | Operating |
Repair Expense | Operating |
Store Supplies Expense | Operating |
Utilities Expense | Operating |
Insurance Expense | Operating |
Depreciation Expense | Operating |
Bad Debt Expense | Operating |
Miscellaneous Expense | Operating |
Interest Expense | Operating |
Income tax expense | Operating |
Hi mate, |
I would be grateful to you if you can provide a thumbs up and write one beautiful comment. It will improve my rating and let me continue my journey here. |
In case of doubt, please comment. I will consider myself fortunate if I can help you. |
All the best for your bright future. |
Label as financing, operating, investing activities. Cash Investment Securities--AFS Accrured Interest Receivable Accounts Receivable Allowance for...
Label as a current asset, current liability, non-current asset, non-current liability, or owners equity as appears on a balance sheet. Cash Investment Securities--AFS Accrured Interest Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Prepaid Insurance Store Supplies Land Building Accumulated Depreciation: Building Office & Store Equipment Accumulated Depreciation: Office & Store Equipment Delivery Trucks Accumulated Depreciation: Delivery Trucks Accounts Payable FICA Taxes Payable Withholding Taxes Payable Unemployment Taxes Payable Union Dues Payable Salaries & Wages Payable Accrued Utilities Payable...
1) a) Merchandise Inventory. 10/31/2017 b) Accrued interest on Notes Receivable c) Unexpired Store Rent d) Depreciation on Equipment e) Accrued interest on Notes Payable f) Accrued Office Salaries g) Store Supplies on hand h) Bad debts is based on the aging of Accounts Receivable i) Expired Insurance 1 219,000 1.500 8,200 10,000 2,500 6.100 11.000 16,500 7,800 2) Prepare a Multi-Step Income Statement for the year ended October 31, 2017 OR 3) Prepare a Classified Balance Sheet as of...
Which ones are on the Income statement or Balance Sheet Cash Petty Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Interest Receivable Inventory Supplies Inventory Prepaid Insurance Prepaid Rent Debt Investments Equity Investments Land Buildings Accum. Depr. - Buildings Equipment Accum. Depr. - Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Dividends Payable Long-term Notes Payable Common Stock Retained Earnings Dividends Income Summary Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Advertising...
Credit $ Debit 34,100 500 11,800 86,000 $ 6,000 234,000 2,860 1,420 10,200 46,000 178,000 54,000 37,000 17,400 51,000 19,600 25,000 ACCOUNTS Cash Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Warehouse Supplies Office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Warehouse Equipment Accumulated Depreciation-Warehouse Equipment Delivery Equipment Accumulated Depreciation-Delivery Equipment Office Equipment Accumulated Depreciation Office Equipment Notes Payable, due 2020 Accounts Payable Interest Payable Mortgage Payable Loans Payable, Long-term Charles Ronie, Capital...
Below are the completed financial statement columns of the worksheet for Suncor Company. Suncor Company Work Sheet For the Year Ended December 31, 2017 During 2017, Suncor’s shareholders invested $26,880 in exchange for common shares. Accumulated other comprehensive income had a balance of $0 on January 1, 2017. Prepare a statement of comprehensive income. SUNCOR CORP. Choice of accounts to use: Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Amortization - Patent Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated...
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash $109,100 Retained Earnings $480,800 Accounts Receivable 290,900 Dividends 65,300 Inventory 331,600 Sales 3,995,800 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,311,300 Office Supplies 10,300 Sales Salaries Expense 649,900 Prepaid Insurance 8,000 Advertising Expense 178,700 Office Equipment 240,100 Depreciation Expense— Store Equipment 34,800 Accumulated Depreciation— Office Equipment 163,100 Miscellaneous Selling...
Using the account titles listed below, create these financial statements for EXAMPLE COMPANY for the year ended December 31, XXXX: income statement, statement of retained earnings, and balance sheet. Please prepare your answers in a spreadsheet that you create, using proper spreadsheet techniques. You don't need to add numbers. Account Title Account Payable Account Receivable Accumulated Depreciation - Building Accumulated Depreciation - Office Equipment Accumulated Depreciation - Store Fixtures Administration Salaries Expense Advertising expense Allowance for Doubtful Accounts Beginning Retained...
Only part c Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Advertising Expense Buildings Cash Casuality Loss from Vandalism Cost of Goods Sold Depreciation Expense Dividend Revenue Equipment Freight-In Freight-Out Income Summary Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Notes Payable Operating Expenses Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Salaries and...
Hello, can someone do this Income Statement for me? Nicholas Company Adjusted Trial Balance May 31, 2016 Account Names Cash Petty Cash Fund Accounts Receivable Merchandise Inventory, 5/1/16 Store Supplies Office Supplies Prepaid Insurance Deblt Credit $337,100 5,000 24,200 57,500 11,700 3,500 37,000 32,800 Forklift Forklift $800 Delivery Truck Accumulated Accounts Payable Salaries Payable Unearned Sales Revenue Notes Payable (Long-Term) Nicholas Ram, Capital Nicholas Ram, Drawings Sales Revenue Sales Discounts 157,000 1,500 62,600 1,800 122,900 401,750 4,500 259,600 624 Assignment...
Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm’s worksheet for the year ended December 31, 2019. ACCOUNTS Debit Credit Cash $ 24,100 Petty Cash Fund 500 Notes Receivable, due 2020 11,800 Accounts Receivable 96,000 Allowance for Doubtful Accounts $ 6,000 Merchandise Inventory 234,000 Warehouse Supplies 2,860 Office Supplies 1,420 Prepaid Insurance 10,200 Land 46,000 Building 178,000 Accumulated Depreciation—Building 54,000 Warehouse Equipment 37,000 Accumulated Depreciation—Warehouse Equipment 17,400 Delivery...