GIVEN THE INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. ΑΚΕ TS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1620 INSTALLMENT NOTES
CONTINGENCIES AND
SALES
81,000 BEG RE
1620
PURCHASES
56,700 DIVIDENDS EXPENSE
5670 PENSIONS
2025
BEG INVENTORY
16,200
DRAWINGS
405
OPERATING LEASE
1215
ENDING INVENTORY
24,300 BEG OE
8,100
4,050 COMMON STOCK
2,025 TREASURY STOCK
SUPPLIES EXP
8,100
ADVERTISINGE EXP
1215
DEPRECIATION EXP (BUILDING AND
PREFERED STOCK
PAID UP CAPITAL IN
810 EXCESS
EQUIPMENT)
972
810
RENT EXPENSE
1215
AMORTIZATION EXP
567
CURRENT ASSETS
16,200
INTEREST EXP
648
12150
NWC
BUILDING AND
1,215 EQUIPMENT,NET
DIVIDEND INCOME
INTEREST INCOME
32,400
567
COPY RIGHTS,NET
11340
LONG TERM
ТAX EXP
LOSS DUE TO SALE OF FA
LONG TERM DEBT
12% INVESTEMENTS
12960
810
30,087
GIVEN THE INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION.
МАКE ITS
INCOME STATEMENT (2020)
STATEMENT OF RETAINED EARNINGS (2020)
STATEMENT OF OWNERS EQUITY (2020)
BALANCE SHEET (2020)
CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020)
CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020)
Transcribed Image Text:1620 INSTALLMENT NOTES CONTINGENCIES AND SALES 81,000 BEG RE 1620 PURCHASES 56,700 DIVIDENDS EXPENSE 5670 PENSIONS 2025 BEG INVENTORY 16,200 DRAWINGS 405 OPERATING LEASE 1215 ENDING INVENTORY 24,300 BEG OE 8,100 4,050 COMMON STOCK 2,025 TREASURY STOCK SUPPLIES EXP 8,100 ADVERTISINGE EXP 1215 DEPRECIATION EXP (BUILDING AND PREFERED STOCK PAID UP CAPITAL IN 810 EXCESS EQUIPMENT) 972 810 RENT EXPENSE 1215 AMORTIZATION EXP 567 CURRENT ASSETS 16,200 INTEREST EXP 648 12150 NWC BUILDING AND 1,215 EQUIPMENT,NET DIVIDEND INCOME INTEREST INCOME 32,400 567 COPY RIGHTS,NET 11340 LONG TERM ТAX EXP LOSS DUE TO SALE OF FA LONG TERM DEBT 12% INVESTEMENTS 12960 810 30,087 GIVEN THE INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. МАКE ITS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION/AMORTIZATION) /DEPRCIABLE ASSETS (2020)
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