Company XYZ reports the following results on its adjusted trial balance check sheet: Sales (net) 136,400.00 4,070.00 72,820.00 33,440.00 24,200.00 Interest expense Cost of Goods Sold Operating expenses Common stock*, $5 par Retained earnings 1/1/2019 $5.00 50,380.00 4,840 shares *22,000 outstanding shares/$5 par Otra información de transacciones para el 2019 Cash dividend declared and paid $1.28 per share 2. Land sold pretax gain 6,930.00 Division X pretax gain 5,170.00 Division X pretax loss (10,450.00) (5,940.00) 4 A tornado caused a pretax loss 5. Income tax rate for all income items 30% Average shareholder's equity 99,000.00 %24 %24 1. 3.
Company XYZ reports the following results on its adjusted trial balance check sheet: Sales (net) 136,400.00 4,070.00 72,820.00 33,440.00 24,200.00 Interest expense Cost of Goods Sold Operating expenses Common stock*, $5 par Retained earnings 1/1/2019 $5.00 50,380.00 4,840 shares *22,000 outstanding shares/$5 par Otra información de transacciones para el 2019 Cash dividend declared and paid $1.28 per share 2. Land sold pretax gain 6,930.00 Division X pretax gain 5,170.00 Division X pretax loss (10,450.00) (5,940.00) 4 A tornado caused a pretax loss 5. Income tax rate for all income items 30% Average shareholder's equity 99,000.00 %24 %24 1. 3.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a statement of
Transcribed Image Text:Company XYZ reports the following results on its adjusted trial balance check sheet:
Sales (net)
136,400.00
4,070.00
72,820.00
33,440.00
24,200.00
Interest expense
Cost of Goods Sold
Operating expenses
Common stock*, $5 par
Retained earnings 1/1/2019
$5.00
50,380.00
4,840 shares
*22,000 outstanding shares/$5 par
Otra información de transacciones para el 2019
Cash dividend declared and paid
$1.28 per share
2.
Land sold pretax gain
6,930.00
Division X pretax gain
5,170.00
Division X pretax loss
(10,450.00)
(5,940.00)
4
A tornado caused a pretax loss
5.
Income tax rate for all income items
30%
Average shareholder's equity
99,000.00
%24
%24
1.
3.
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