Question 1 - Chp 4 Homework 14th Ed_

The completed financial statement columns of the spreadsheet for Crane Company are shown as follows: Crane CompanyWorksheetFor the Year Ended December 31, 2022         Income Statement   Balance Sheet AccountNo.   Account Titles   Dr.   Cr.   Dr.   Cr. 101   Cash           8,800     112   Accounts Receivable           10,800     130   Prepaid Insurance           3,000     157   Equipment           24,500     158   Accumulated Depreciation—Equip.               4,600 201   Accounts Payable               9,200 212   Salaries and Wages Payable               2,600 301   Owner’s Capital               20,000 306   Owner’s Drawings           12,100     400   Service Revenue       60,500         622   Maintenance and Repairs Expense   1,600             711   Depreciation Expense   3,100             722   Insurance Expense   1,800             726   Salaries and Wages Expense   29,800…

The completed financial statement columns of the worksheet for Crane Company are shown as follows: Crane Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 Cash 8,800 112 Accounts Receivable 10,800 130 Prepaid Insurance 3,000 157 Equipment 24,500 158 Accumulated Depreciation-Equip. 4,600 201 Accounts Payable 9,200 2,600 Salaries and Wages Payable Owner's Capital 212 20,000 301 306 Owner's Drawings 12,100 60,500 400 Service Revenue 622 Maintenance and Repairs Expense 1,600 3,100 Depreciation Expense Insurance Expense 711 1,800 722 29,800 Salaries and Wages Expense Utilities Expense 726 1,400 732 37,700 60,500 59,200 36,400 Totals 22,800 Net Income 22,800 60,500 60,500 59,200 59,200

The completed financial statement columns of the spreadsheet for Oriole Company are shown as follows: The completed financial statement columns of the worksheet for Oriole Company are shown as follows: Oriole Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 Cash 9,100 112 Accounts Receivable 11,000 130 Prepaid Insurance 2,800 157 Equipment 24,300 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,200 212 Salaries and Wages Payable 2,500 301 Owner's Capital 19,500 306 Owner's Drawings 11,000 400 Service Revenue 60,500 622 Maintenance and Repairs Expense 1,700 711 Depreciation Expense 2,900 722 Insurance Expense 2,000 726 Salaries and Wages Expense 29,900 732 Utilities Expense 1,500 Totals 38,000 60,500 58,200 35,700 22,500 22,500 Net Income 60,500 60,500 58,200 58,200

View Policies Show Attempt History Current Attempt in Progress The following is selected information related to Culumber Company at December 31, 2022. Cullumber reports fancia information monthly $4.113 Salaries and Wages Expente Accounts Payable $22621 Cash 8,911 Notes Payable 34275 Advertising Expense 8.226 Renst Expense 14395 Service Revenue 73,148 Actounts Receivable 18508 39.759 Owne's Drawing 10.282 tquipment (a) Your aswer is incorrect Determine the totalassets of Culumber Company at December 31.2022 Total asets

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Write & Insert Fields Preview Results Finish The following are extracts from the financial records of COF (Pty) Ltd for the year ended 30 June 2021: Extract from the statement of profit or loss and other comprehensive income for the year ended 30 June 2021 30 June 2021 R Revenue from sale of goods 920 000 Cost of sales Profit on sale of non-current assets Commission income 490 000 31 000 23 000 Audit fees 84 000 Depreciation Interest expense (finance cost) Income tax expense 72 000 20 000 87 000 Profit for the year (after tax) Extract from the statement of financial position as at 30 June 2021 BACHELOR OF COMMERCE YEAR1- ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE + REGENT BUSINESS SCHOOL (RBS) - JANUARY 2021 43 123 000 30 June 2021 30 June 2020 302 000 690 000 292 000 Inventories Trade receivables Trade payables Taxation payable Prepaid expenses Accrued expenses Required: 720 000 400 000 385 000 75 000 60 000 2 000 8 000 84 000 88 000 Prepare only the "Cash generated by operations"…

view Policies Current Attempt in Progress Using these data from the comparative balance sheet of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 467,400 $ 410,000 Inventory $ 785,400 % $ 660,000 % Total assets $3,197,900 % $2,830,000 % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

The completed fi nancial statement columns of the worksheet for Bray Company are shown as follows. BRAY COMPANY Worksheet For the Year Ended December 31, 2017 Account Income Statement Balance Sheet No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,800 112 Accounts Receivable 10,800 130 Prepaid Insurance 2,800 157 Equipment 24,000 158 Accumulated Depreciation—Equip. 4,200 201 Accounts Payable 9,000 212 Salaries and Wages Payable 2,400 301 Owner’s Capital 19,500 306 Owner’s Drawings 11,000 400 Service Revenue 60,000 622 Maintenance and Repairs Expense 1,700 711 Depreciation Expense 2,800 722 Insurance Expense 1,800 726 Salaries and Wages Expense 30,000 732 Utilities Expense 1,400 Totals 37,700 60,000 57,400 35,100 Net Income 22,300 22,300 60,000 60,000 57,400 57,400 Instructions (a) Prepare an income statement, an owner’s equity statement, and a classifi ed balance sheet. (b) Prepare the closing entries. L. Bray did not make any additional investments during the year. (c) Post the closing…

Prepare the Statement of Financial Position

View Policies Current Attempt in Progress The following balances were taken from the books of Metlock Corp. on December 31, 2020. Interest revenue $87,450 Accumulated depreciation-equipment $41,450 Cash 52,450 Accumulated depreciation-buildings 29.450 Sales revenue 1,381,450 Notes receivable 156,450 Accounts receivable 151,450 Selling expenses 195,450 Prepaid insurance 21,450 Accounts payable 171,450 Sales returns and allowances 151.450 Bonds payable 101.450 Allowance for doubtful accounts 8,450 Administrative and general expenses 98,450 Sales discounts 46,450 Accrued liabilities 33,450 Land 101,450 Interest expense 61.450 Equipment 201,450 Notes payable 101.450 Buildings 141,450 Loss from earthquake damage 151,450 Cost of goods sold 622,450 Common stock 501,450 Retained earnings 22,450 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal…

Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellark's Baked Goods balance sheet at the end of the year. Complete the fragment of the balance sheet below ($000): (Select the correct account from the drop-d Mellark's Baked Goods Balance Sheet as of December 31, 2021 Assets Current assets: Total current assets $ $ Data table Accounts payable Accounts receivable Accruals Accumulated depreciation Buildings Cash Common stock (at par) Cost of goods sold Depreciation expense Equipment Furniture and fixtures General expense Inventories Land Long-term debts Machinery Marketable securities Notes payable Paid-in capital in excess of par Preferred stock Retained earnings Sales revenue Vehicles $219 447 51 260 225 217 92 2,503 50 148 166 320 380 95 421 416 76 479 360 96 218 3,567 26 - X

need help preparing an statement table   The following information relates to Oriole Co. for the year 2020. Owner’s capital, January 1, 2020   $53,827   Advertising expense   $ 2,019 Owner’s drawings during 2020   6,728   Rent expense   11,663 Service revenue   71,321   Utilities expense   3,476 Salaries and wages expense   33,081

a. Fill in the cells for “Totals,” “Net Income,” and “Final Total” below. Verizon Company Worksheet For the Year Ended December 31, 2020     Income Statement   Balance Sheet Account Titles   Dr.   Cr.   Dr.   Cr.                   Cash           9,000     Accounts Receivable           10,700     Prepaid Insurance           2,600     Equipment           23,800     Accumulated Depreciation—Equip.               4,300 Accounts Payable               8,800 Salaries and Wages Payable               2,300 Owner’s Capital               19,800 Owner’s Drawings           11,400     Service Revenue       60,000         Maintenance and Repairs Expense   1,600             Depreciation Expense   3,100             Insurance Expense   1,700             Salaries and Wages Expense   29,900             Utilities Expense   1,400                     Totals…

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Assets Current assets Net fixed assets INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 2021 $ 101 2022 $ 195 910 1,010 $ 2,005 1,085 405 251 Req A and B Req C and D BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and Shareholders' Equity Current liabilities Long-term debt Req E Complete this question by entering your answers in the tabs below. a&b. What is shareholders' equity in 2021 and 2022? c&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g.Net fixed assets increased from $910 million to $1,010 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? Answer is complete but not entirely correct. h. If South Sea reduced its outstanding accounts payable by $46 million during the year, what must have happened to its other current…

Your email will be recorded when you submit this form *Required Consider the following selected financial information for Aishti company. Aishti Company Income Statement For the Year Ended December 31, 2020 Aishti Company Balance Sheet For the Year Ended December 31, 2019 & 2020 2020 2019 Assets Cash $2,415 $5,040 Revenues $94,500 Accounts Receivable $5,355 $6,195 Inventories $10,290 $10,080 Less: Depreciation expense $6,825 Plant & Equipment Less: Acc. Depreciation Total Assets $22,575 ($15,960) (S9,135) S35,070 $32,970 Less: Other operating expenses 74,550 S34,755 Less: Interest Expense 3,990 Liabilities & O/E Accounts Payable Income Tax Payable Long-Term Debt Common Stock Retained Earnings Total Liabilities and O/E $3,885 $1,26 $9,555 $11,550 $8,820 S35,070 $5,775 $2,94 S8,715 $14,175 S3,150 S34,755 Income income taxes $9,135 Income tax expense $3,197 Net income $5,938 1. Using the indirect method of cash flow statement, what is the net cash provided by opera jactivities for the…

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With the given statements please find the percentage change with formulas in excell

Hcs/380 Calculate the 2022 return on assets ratio

Comparative balance sheets for 2024 and 2023, a statement of income for 2024, and additional information from the accounting records of Red, Incorporated, are provided below: Assets RED, INCORPORATED Comparative Balance Sheets December 31, 2024 and 2023 ($ in millions) Cash Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation 2023 2024 $ 44.1 143.0 $ 164.6 94.0 5.4 298.0 436.0 (144.0) 2.4 172.0 370.0 (259.0) $ 544.0 Liabilities Accounts payable Accrued liabilities Notes payable Bonds payable Shareholders' Equity Common stock Retained earnings $ 782.5 $ 95.0 8.5 $ 106.5 100.0 130.0 15.5 0.0 0.0 400.0 49.0 $ 782.5 $ 544.0 400.0 22.0

Day 7 (7) Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.  METAGROBOLIZE INDUSTRIESComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands)     2021   2020 Assets                 Cash $ 390     $ 170     Accounts receivable   370       200     Inventory   520       355     Land   525       500     Building   900       900     Less: Accumulated depreciation   (250 )     (225)     Equipment   2,550       2,210     Less: Accumulated depreciation   (346 )     (320 )   Patent   1,100       1,300       $ 5,759     $ 5,090     Liabilities                 Accounts payable $ 620     $ 470     Accrued liabilities   160       130     Lease liability—land   130       0     Shareholders' Equity                 Common stock   3,120       3,000     Paid-in capital—excess of par   750…

Current Attempt in Progress The following selected accounts from Swifty Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts payable $115,640 Equipment $1,963,520 Accounts receivable 174,640 Income tax expense 155,760 Accumulated depreciation-equipment 676,140 Insurance expense 151,040 Cash 14,160 Inventory 441,320 Common shares 354.000 Prepaid expenses 53,100 Cost of goods sold 2,271,500 Retained earnings 797,680 Depreciation expense 328,040 Salaries expense 1,086,780 Sales 4,696,400 (a) Prepare a single-step statement of income. SWIFTY CORPORATION Statement of Income (Single-step)

answer must be in table format or i will give down vote