hrl.3answer must be in table format or i will give down vote Blue Lagoon Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2024, thecompany reports the following amounts:CashEquipmentAccounts payableDelivery expenseRent expense$1,400Service revenue19,0002,400Salaries expenseBuildings推力3,6006,500SuppliesSalaries payable$72,70054,40020,0001,400700In addition, the company had common stock of $20,000 at the beginning of the year and issued an additional $2,000 during the year.The company also had retained earnings of $8,500 at the beginning of the year.Required:1. Prepare the income statement for Blue Lagoon Corporation.2. Prepare the statement of stockholders' equity for Blue Lagoon Corporation.3. Prepare the balance sheet for Blue Lagoon Corporation.

1. Income Statement for Blue Lagoon CorporationThe income statement of Blue Lagoon Corporation…

Answered: Blue Lagoon Corporation provides…

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 35P

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A government agency had the following items for disbursements:Electricity Expenses 560,000Telephone Expenses 134,400Rent Expenses 89,600 Office Supplies Inventory 100,800Office Equipment 168,000How much is the total amount credited to 1-01-04-040 for the above disbursements?
Alex Corporation has the following account balances on December 31, 2020: Accounts receivable ₱ 400,000 Allowance for uncollectible accounts 8,400 Alex completed the following transactions in 2019: Net credit sales, ₱ 4,000,000. Collections on accounts, ₱ 3,870,000. Write-off of uncollectible accounts, ₱ 10,000. Recovery of accounts previously written-off, ₱ 2,000. Uncollectible accounts expense, 2/3 of 1% of net credit sales. REQUIRED: 1. Journalize the foregoing transactions. 2. Compute the balance of accounts receivable and allowance for uncollectible accounts at December 31, 2020. What amount of Accounts receivable, net would Alex report on its December 31, 2020 balance sheet? 3. Assume that Alex uses the aging of accounts instead of the percent of sales method in estimating uncollectible accounts. Analysis indicates that Php 30,800 of outstanding accounts on December 31, 2020 may prove to be uncollectible. Compute the uncollectible accounts expense and the…
Please answer number 19, thanks!
On december 1, 2023 , Dolce Corporation established a petty cash fund of 5,000. On December 31, 2023, the petty cash fud was examined and found to have receipts and documents for miscellaneous expenses amounting to 2,740 and a petty cash voucher for 1,250 signed by an employee as a IOU. In addition, there was cash amounting to 860 Question:Assuming that on replenishment was made at year end, what entry would be required to record adjustment of the petty cash fud o December 31, 2023? A. Miscellaneous Expeses 2,740 Petty Cash Fund 860 Receivable from Employees 1,250 Cash In Bank 5,000 B. Miscellaneous Expeses 2,740 Receivable from Employees 1,250 Cash Short and Over 150 Petty Cash Fund 4,140 C. Miscellaneous Expeses 2,740 Receivable from Employees 1,250 Cash Short and Over 150…
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Accounting for patient service revenue Ruby Ruth Hospital had the following transactions during the year ended December 31:1. The hospital provided services to patients insured by third-party payer A amounting to $9.0 millionat its established billing rates. The hospital’s prospective billing arrangement with this third partystipulates payment to the hospital of 70 percent of its established rates for services performed.All billings were paid during the year.2. The hospital provided services to patients insured by third-party payer B amounting to $5.4 millionat its established billing rates. Its retrospective billing arrangement with this third party stipulatesthat the hospital should receive payment at an interim rate of 90 percent of its established rates,subject to retrospective adjustment based on agreed-upon allowable costs. By year-end, B had paidall the billings. Before issuing its financial statements, the hospital estimated that the probableamount it will need to refund to B…
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