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

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

Use the table for the questions below.   Consider the following balance sheets:   PharmPic   DosageDoc Reported Dec. 31, 2020 2021   2020 2021 Assets           Cash 224,224 200,400   301,540 230,876 Accounts Receivable 129,000 118,125   130,316 110,345 Inventories 154,890 171,147   184,717 186,000   Total Current Assets 508,114 489,672   616,573 527,221 Net Property Plant & Equipt. 421,162 431,795   456,462 460,000 Patents and Trademarks 212,770 210,110   201,348 199,990 Total Assets 1,142,046 1,131,577   1,274,383 1,187,211             Liabilities and Stockholders' Equity:           Short Term Borrowings (Bank) 257,000 264,023   302,453 270,000 Accounts Payable 212,900 209,000   267,004 225,000 Current Portion of LTD (Interest Bearing Debt) 39,532 29,081   32,611 46,048 Total Current Liabilities 509,432 502,104   602,068…

The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date       Debit   Credit   Balance Jan. 1   Balance           161,200 July 31   Purchase of equipment   68,100       229,300 Sept. 2   Cost of equipment constructed   54,600       283,900 Nov. 10   Cost of equipment sold       49,100   234,800                   Accumulated Depreciation—Equipment Date       Debit   Credit   Balance Jan. 1   Balance           70,700 Nov. 10   Accumulated depreciation on equipment sold   31,200       39,500 Dec. 31   Depreciation for year       24,200   63,700                   Retained Earnings Date       Debit   Credit   Balance Jan. 1   Balance           104,200 Aug. 23   Dividends (cash)   15,800       88,400 Dec. 31   Net income       66,700   155,100 From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The…

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

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

Using the information below I am looking for assistance to filling in the blanks in the attached photos.  The following are the financial statements of Nosker Company. NOSKER COMPANYComparative Balance SheetsDecember 31 Assets   2020   2019 Cash   $35,500     $20,800   Accounts receivable   32,500     19,800   Inventory   26,150     20,850   Equipment   59,600     77,650   Accumulated depreciation—equipment   (29,650 )   (23,150 )    Total   $124,100     $115,950                 Liabilities and Stockholders’ Equity             Accounts payable   $28,200     $ 16,750   Income taxes payable   7,350     8,150   Bonds payable   27,400     33,900   Common stock   18,650     14,950   Retained earnings   42,500     42,200      Total   $124,100     $115,950     NOSKER COMPANYIncome StatementFor the Year Ended December 31, 2020 Sales revenue   $241,150 Cost of goods sold   175,100…

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

Prepare a classified balance sheet list current assets in order of liquidity. Need in 10 minutes please .

Preparing a Classified Balance Sheet The ledger of Bama Inc. had the following account balances on December 31, 2020. Accounts payable $13.280 Office equipment $3,800 Accounts receivable Accrued expenses (credit) 3800 Raw materials inventory 320 Allowance for bad debts 3.840 200 Bonds payable, n Common stock (S100 par) Cash Retained earningp (to be computed) 10.000 Accumulated depreciation 3,600 28.000 Rent expense paid in advance on a short-term lease 1.200 4.000 Sinking fund to retire long term debt 7 Land held for future plant site 2800 5,600 Plant equipment 12,400 Note receivable. 9, due 2022 2.700 Pirished goods inventory investments 5240 Work in process inventory 20 5.200 *Of the balance in the investments account, $1,600 will be converted to cash in the coming year the remainder is a long-term investment. Required Prepare a classified balance sheet for Bama Inc on December 31, 2020. • Do not use negative signs with any of your answers. • List investments in the order of the…

Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions    Feb. 3, 2019    Jan. 28, 2018Operating assets    $31,669    $30,701Nonoperating assets    1,334    2,696Total assets    $33,003    $33,397Operating liabilities    $12,509    $12,035Nonoperating liabilities    21,902    20,271Total liabilities    $34,411    $32,306Net sales    $81,152    Operating expense before tax    69,505    Net operating profit before tax (NOPBT)    11,647    Other expense    731    Income before tax    10,916    Tax expense    2,576    Net income    $8,340     Compute net operating assets for the years ended February 3, 2019, and January 28, 2018. $ millions    February 3, 2019    January 28, 2018Net operating assets (NOA)    AnswerAnswer

prepare the multi step income statement

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An alphabetical list of Ivanhoe Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances.Accounts payable$15,600Notes payable$42,000Accumulated depreciation-equipment14,000Prepaid insurance575Accumulated depreciation-furniture17,500R. Martin, capital65,750Cash17,830R. Martin, drawings71,000Cost of goods sold286,875Rent expense24,800Depreciation expense7,020Salaries expense51,000Equipment35,000Salaries payable2,250Furniture42,000Sales473,000Insurance expense3,575Sales returns and allowances14,000Interest expense1,375Supplies950Interest payable575Supplies expense6.325Merchandise inventory70,950Unearned revenue2,600 1.Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

An alphabetical list of Ivanhoe Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances.Accounts payable$15,600Notes payable$42,000Accumulated depreciation-equipment14,000Prepaid insurance575Accumulated depreciation-furniture17,500R. Martin, capital65,750Cash17,830R. Martin, drawings71,000Cost of goods sold286,875Rent expense24,800Depreciation expense7,020Salaries expense51,000Equipment35,000Salaries payable2,250Furniture42,000Sales473,000Insurance expense3,575Sales returns and allowances14,000Interest expense1,375Supplies950Interest payable575Supplies expense6.325Merchandise inventory70,950Unearned revenue2,600 1.Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2.prepare owner's equity  3.prepare balance sheet

Required: Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $41,120 Accounts payable 6,905 Cash 14,050 Common stock 40,000 Land 19,000 Long-term notes payable 20,750 Merchandise inventory 27,475 Retained earnings 33,990 Assets Current assets ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity

Solution with the proper order and each category please

The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances:Accounts                         Debits          CreditsCash                               $20,000Accounts Receivable         8,000Supplies                            4,000Equipment                      15,000Accumulated Depreciation                 $ 5,000Salaries Payable                                     7,500Common Stock                                    25,000Retained Earnings                                  9,500Totals                              $47,000        $47,000The following is a summary of the transactions for the year:1. March 12 Provide services to customers, $60,000, of which $21,000 is on account.2. May 2 Collect on accounts receivable, $18,000.3. June 30 Issue shares of common stock in exchange for $6,000 cash.4. August 1 Pay salaries of $7,500 from 2020 (prior year).5. September 25 Pay repairs and maintenance expenses, $13,000.6. October 19 Purchase equipment for…

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