CH1 HW (1).docx (Protected View) - WordMailingsHelpthe Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View.woutReferencesWViewReviewLandNotes PayableProperty Tax ExpenseDividendsP-F:1-43A. Preparing financial statements (Learning Objective 5)Presented here are the accounts of Hometown Décor Company for theyear ended December 31, 2024.Rent ExpenseSalaries ExpenseSalaries PayableService RevenueOffice SuppliesRetained Earnings, Dec. 31, 2023Tell me what you want to do1. Net Income $115,700$ 13,000 Common Stock33,000 Accounts Payable2,800 Accounts Receivable36,000 Advertising Expense14,000 Building67,000 Cash1,300 Equipment225,000 Insurance Expense8,000 Interest Expense56,000Enable EditingRequirements1. Prepare Hometown Décor Company's income statement for theyear ended December 31, 2024.2. Prepare the statement of retained earnings for theDecember 31, 2024.$ 28,00014,00080017,000170,4002,80017,0001,7006,8003. Prepare the balance sheet as of December 31, 2024.year endedA Arham ShahLXXX88

The financial statements mainly consist of the income statement, cash flow statement, statement of…

P-F:1-43A. Preparing financial statements (Learning Objective 5) Presented here are the accounts of Hometown Décor Company for the year ended December 31, 2024. Land Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2023 $13,000 Common Stock 33,000 Accounts Payable 2,800 Accounts Receivable 1. Net Income $115,700 36,000 Advertising Expense 14,000 Building 67,000 Cash 1,300 Equipment 225,000 Insurance Expense 8,000 Interest Expense 56,000 Requirements 1. Prepare Hometown Décor Company's income statement for the year ended December 31, 2024. 2. Prepare the statement of retained earnings for the year December 31, 2024. $ 28,000 14,000 800 17,000 170,400 2,800 17,000 3. Prepare the balance sheet as of December 31, 2024. 1,700 6,800 ended

P-F:1-43A. Preparing financial statements (Learning Objective 5) Presented here are the accounts of Hometown Décor Company for the year ended December 31, 2024. Land Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2023 $13,000 Common Stock 33,000 Accounts Payable 2,800 Accounts Receivable 1. Net Income $115,700 36,000 Advertising Expense 14,000 Building 67,000 Cash 1,300 Equipment 225,000 Insurance Expense 8,000 Interest Expense 56,000 Requirements 1. Prepare Hometown Décor Company's income statement for the year ended December 31, 2024. 2. Prepare the statement of retained earnings for the year December 31, 2024. $ 28,000 14,000 800 17,000 170,400 2,800 17,000 3. Prepare the balance sheet as of December 31, 2024. 1,700 6,800 ended

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

CH1 HW (1).docx (Protected View) - Word
Mailings
Help
the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View.
wout
References
W
View
Review
Land
Notes Payable
Property Tax Expense
Dividends
P-F:1-43A. Preparing financial statements (Learning Objective 5)
Presented here are the accounts of Hometown Décor Company for the
year ended December 31, 2024.
Rent Expense
Salaries Expense
Salaries Payable
Service Revenue
Office Supplies
Retained Earnings, Dec. 31, 2023
Tell me what you want to do
1. Net Income $115,700
$ 13,000 Common Stock
33,000 Accounts Payable
2,800 Accounts Receivable
36,000 Advertising Expense
14,000 Building
67,000 Cash
1,300 Equipment
225,000 Insurance Expense
8,000 Interest Expense
56,000
Enable Editing
Requirements
1. Prepare Hometown Décor Company's income statement for the
year ended December 31, 2024.
2. Prepare the statement of retained earnings for the
December 31, 2024.
$ 28,000
14,000
800
17,000
170,400
2,800
17,000
1,700
6,800
3. Prepare the balance sheet as of December 31, 2024.
year ended
A Arham Shah
LXXX
88

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