1. Prepare income statement for 2015
2. Prepare its statement of stockholders' equity for 2015
3....
1. Prepare income statement for 2015
2. Prepare its statement of stockholders' equity for 2015
3. Prepare its balance sheet at December 31, 2015
The records of Geyer, Inc., show the following infromation after
all transactions are recorded for 2015
Notes Payable
$ 4,000
service fees earned
$ 67,600
supplies expense
$ 9,700
insurance expense
$ 1,500
miscellaneous expense
$ 200
common stock (beg. Year)
$ 4,000
accounts payable
$ 1,800
Supplies expense
$ 6,100
cash
$ 14,800
advertising expense
$ 1,700
salary expense
$ 30,000
rent expense
$ 7,500
retained earnings...
PETE'S CONSTRUCTION YEAR ENDED DECEMBER 31, 2018 ADJUSTED TRIAL
BALANCE INCOME STATEMENT STATEMENT OF OWNER'S EQUITY...
PETE'S CONSTRUCTION YEAR ENDED DECEMBER 31, 2018 ADJUSTED TRIAL
BALANCE INCOME STATEMENT STATEMENT OF OWNER'S EQUITY OR BALANCE
SHEET ACCOUNT TITLES DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash
$37,000 $37,000 Accounts receivable 10,278 10,278 Interest
receivable 1,200 1,200 Office supplies 1,000 1,000 Prepaid
insurance 1,000 1,000 Prepaid rent 1,800 1,800 Note receivable
10,000 10,000 Computer equipment 24,000 24,000 Accumulated
depreciation, computer equipment $10,000 $10,000 Office equipment
15,000 15,000 Accumulated depreciation, office equipment 9,000
9,000 Accounts payable 20,878 20,878 Interest payable...
Prepare Income Statement from following information:
Date
Account Titles
Debit
Credit
2016
$
$
Jan 1...
Prepare Income Statement from following information:
Date
Account Titles
Debit
Credit
2016
$
$
Jan 1
Cash
4,000,000
Common Stock
50,000
Paid-in Capital in Excess of Par: Common Stock
3,950,000
Jan 1
Cash
104,000
Premium on Bonds Payable
4,000
Bonds Payable
100,000
Jan 1
Equipment 1
50,000
Cash
50,000
Jan 1
Equipment 2
550,000
Cash
550,000
Jan 3
Inventory
22,000
Cash
22,000
Apr 1
Building
900,000
Cash
900,000
June 1
Equipment 3
100,000
Cash
100,000
June 1
Inventory
23,000
Cash...
1. Prepare a retained earnings statement for the year.
Ending balance $566,000
2. Prepare a stockholders'...
1. Prepare a retained earnings statement for the year.
Ending balance $566,000
2. Prepare a stockholders' equity section at December 31,
2017.
Total stockholders' equity
$2,898,000
The stockholders' equity accounts of Karp Company at January 1,
2017, are as follows.
Preferred Stock, 6%, $50 par
$600,000
Common Stock, $5 par
800,000
Paid-in Capital in Excess of Par—Preferred Stock
200,000
Paid-in Capital in Excess of Par—Common Stock
300,000
Retained Earnings
800,000
There were no dividends in arrears on preferred stock. During...
Prepare a statement of cash flows for 2010 using the below
data.
Assume there were no...
Prepare a statement of cash flows for 2010 using the below
data.
Assume there were no changes in any other asset or liability
accounts.
The ending cash balance for 2009 was $100.
Make sure to identify Operating, Investing and Financing
activities.
Marlett Company Financial Information
Dec. 2009
Dec 2010
Net Income
$2,000
$4,000
Accounts Receivable
$750
$1,250
Accumulated Depreciation
$1,000
$1,400
Common Stock
$4,500
$5,500
Paid in Capital
$7,500
$8,500
Retained Earnings
$1,500
$3,500
Accounts Payable
$750
$950
Marlett Company...
You are assigned to prepare the income statement for the year
ended 31 March 2020 and...
You are assigned to prepare the income statement for the year
ended 31 March 2020 and the balance sheet as at 31 March 2020 based
on the following information:
Accounts RM
Cash 31,000
Accounts Receivable 76,000
Supplies 9,500
Office Equipment 12,000
Accumulated Depreciation 3,600
Accounts Payable 24,000
Salaries Payable 16,000
Capital 71,220
Drawings 13,000
Service Revenue 95,400
Interest Income 11,500
Salaries Expense 39,700
Supplies Expense 4,200
Depreciation Expense 1,200
Rental Expense 35,000
Miscellaneous Expense 120
Using the following accounts and their amounts, prepare in good
format an Income Statement, Balance Sheet...
Using the following accounts and their amounts, prepare in good
format an Income Statement, Balance Sheet and Statement of
Owner’s Equity for Cloe Company, month ended Jan 31,
2009:
Telephone Expense P750
Cash P3,150
Accounts Payable P640
Cloe, Withdrawal P300
Fees Earned P10,700
Rent Expense P1,000
Supplies P230
Accounts Receivable P1,800
Computer Equipment P15,000
Cloe, Capital P13,080
Wages Expense P3,600
Utilities Expense P350
Notes Payable P2,000
Office Expense P240
2. The following income statement and information about selected
current assets and current liabilities
is...
2. The following income statement and information about selected
current assets and current liabilities
is available for Peters Company:
Peters Company
Income Statement
For the Year Ended December 31, 2018
Sales……………………………………………………..
$180,000
Cost of goods
sold……………………………………….
104,000
Gross profit from
sales……………………………………
$ 76,000
Operating expenses:
Salaries
and wages expense………………………… $25,000
Depreciation expense………………………………..
5,000
Rent expense…………………………………............ 7,200
Insurance
expense……………………………………
1,900
39,100
Income from
operations………………………………….
$ 36,900
...
Based on the data below, complete a formal income
statement, statement of owner's equity, and formal...
Based on the data below, complete a formal income
statement, statement of owner's equity, and formal balance
sheet:
Income Statement Section of Work Sheet:
Service Fees: 20,000 cr. balance
Supplies Expense: 400 dr. balance
Insurance Expense: 800 dr. balance
Depreciation Expense: 20,000 dr. balance
Wage Expense: 4000 dr. balance
Rent Expense: 12,000 dr. balance
Utilities Expense: 10,000 dr. balance
Net Loss = 27,200
Balance Sheet Section of Worksheet:
Cash: 40,000 dr. balance
Supplies: 2000 dr. balance
Prepaid Insurance: 2000 dr....
Given the following information, calculate free cash flow to
equity:
Net Income: $70
Working Capital Investment:...
Given the following information, calculate free cash flow to
equity:
Net Income: $70
Working Capital Investment: $4
Beginning gross fixed assets, $90, Ending gross fixed assets,
$136
Beg accumulated depreciation $30, Ending accumulated
depreciation $40
Depreciation Exp:$20
Capital expenditures: $45
Net Borrowing: $0
In addition, a piece of equipment with original book value $19
was sold for $10. The equipment book value at time of sale was $2
and gain was classified as unusual.Find Free Cash Flow to
Equity.