Number of results: 12,645
I have to prepare a income statement with the following info. I don't understand it. cash 11,360 Accounts Receivable 14,000 office supplies 3,250 land 46,000 office equipment 18,000 accounts payable 8,500 owner investments 84,000 cash withdrawals by owner 2,000 consulting fees...
Wednesday, September 6, 2006 at 10:48am by Dan
Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest ...
Friday, September 8, 2006 at 10:05pm by candy
Following Month income statement
"Customers are billed when serviced and settle their accounts in the following month." I am supposed to construct an income statement for three straight months but I do not know where to put the revenue. So for instance the company made $15,000 in revenue for April, would this...
Saturday, September 16, 2006 at 7:41pm by Accountant
Unit 4 - Individual project
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases………………... E250,000 Freight In……………… E8,000 Sales discounts…………. 4,000 Purchase returns…….. 7,000 Inventory Sales...
Wednesday, September 20, 2006 at 11:54pm by candy
I have to prepare an income statement from the following records. Can someone show me how? The following selected information is taken from the records of Beckstrom Corporation. Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . $ 35,000
Saturday, January 20, 2007 at 2:59pm by Ana
Intro Accounting - HELP
3. Dr. Colin Modella, an music history professor at the University of Arizona, supplements her income by selling cappuccino on campus to students and other faculty members when she is not teaching, doing research, creating curriculum, or attending committee meetings. She sells...
Wednesday, February 21, 2007 at 6:55pm by Jojo
Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Doug rented lawn equipment, ...
Friday, March 2, 2007 at 12:52am by Kat
Prepare an income statement cash 16050.00 accounts receivable 1500.00 office supplies 1200.00 office equipment 18250.00 accounts payable 2350.00 Stanley Neal, Capital, 12850.00 fees income 36400.00 advertising expense 2750.00 salaries expense 7500.00 telephone expense 350.00 ...
Wednesday, June 6, 2007 at 8:51pm by Cher
B3 Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Ending Raw materia $26,000 $31,000 Work in process 77,000 59,000 Finished goods 124,000 139,000 The company applies ...
Friday, October 5, 2007 at 7:52pm by matt
Accounting-balance sheet and income statement
Argo Sales Corporation has in recent years maintained the following relationships among the data on its financial statements: Gross profit margin 40% Net profit margin 10% Rate of selling expenses to net sales 20% Accounts receivable turnover 8 times per year Inventory ...
Friday, November 30, 2007 at 2:41pm by Peace
The Account Cycle Bob night opened "The general's favorite Fishing Hole" The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and ...
Thursday, June 5, 2008 at 8:52am by Katie
accounting (balance sheet, retained earnings...)
Problem P3-5A On September 1, 2002, the account balances of Rijo Equipment Repair Corp. were as follows: Nbr: Debits Nbr: Credits 101 Cash $4,880 154 Accumulated depreciation $1,500 112 Accounts receivable 3,520 201 Accounts payable 3,400 126 Supplies 2,000 209 Unearned ...
Wednesday, October 29, 2008 at 4:03am by Omar
As a team, prepare the income statement of Maltbee Lawn Service for the four months May through August. Prepare the classified balance sheet of Maltbee Lawn Service at August 31.
Tuesday, November 25, 2008 at 1:38pm by nautica
Analyze the transactions and do the following:- 1. Post to T Accounts 2. Prepare a Chart of Account 3. Record in the General Journal 4. Post to the General Ledger 5. Prepare a Trial Balance 6. Prepare a Six Column Worksheet 7. Prepare an Income Statement 8. Prepare a Capital ...
Tuesday, November 25, 2008 at 2:58pm by jimmy
Complete the six-column table by entering adjustments that reflect the following information: a. As of December 31, 2005, employees had earned $900 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,600 of salaries will be paid. b. The cost of ...
Sunday, May 24, 2009 at 1:41pm by Bonnie
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Case 1 2 Direct Materials Used $ 8,300 (g) Direct Labor 3,000 $ 4,000 Manufacturing Overhead 6,000 5,000 Total Manufacturing Costs (a) 20,000 Beginning Work in Process Inventory ...
Saturday, June 27, 2009 at 5:17pm by Renee
Case 1 Direct Materials Used $8,300 Direct Labor 3,000 Manufacturing Overhead 6,000 Total Manufacturing Costs (a) Beginning Work in Process 1,000 Ending Work in Process Inventory (b) Sales 22,500 Sales Discounts 1,500 Cost of Goods Manufactured 15,800 Beginning Finished Goods ...
Saturday, June 27, 2009 at 5:39pm by Renee
As a team, prepare the income statement of Maltbee Lawn Service for the four months May through August. Prepare the classified balance sheet of Maltbee Lawn Service at August 31. Please add your file. Next, as a small group discuss the following. Was Maltbee's summer work ...
Monday, August 3, 2009 at 2:25pm by meka
(Comprehensive) Jackson Construction Company uses a job order costing system. In May 2008, Jackson made a $1,650,000 bid to build a pedestrian overpass over the beach highway in Gulfport, Mississippi. Jackson Construction won the bid and assigned #515 to the project. Its ...
Wednesday, October 7, 2009 at 7:54pm by Danny
Group Project Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Doug rented ...
Wednesday, November 25, 2009 at 12:49pm by hilda