Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2028) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,300 17,400 15,580 4,800 67.900 10,300 3,300 16,000 37,420 11,300 7,800 4,000 4,000 35,300

Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2028) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,300 17,400 15,580 4,800 67.900 10,300 3,300 16,000 37,420 11,300 7,800 4,000 4,000 35,300

Name: Prepare a retained earnings statement for the year. Wildhorse Co. did
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Description: Prepare a retained earnings statement for the year. Wildhorse Co. did not issue any new stock during the year.WILDHORSE CO.Retained Earnings Statement<S SAMAThese financial statement items are for Wildhorse Co. at year-end, July 31, 2025.Salaries an

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt Investments (short-term) Income taxes payable Cash $2.826 164 6,705 637 1,743 128 1,182 Accumulated depreciation-equipment Accounts payable Patents Notes payable (long-term) Retained earnings Accounts receivable V Inventory TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets $3.547 1,459 2,210 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity) $ 810 6,896 1,823 1,202 Liabilities and Stockholders' Equity $ $ $ $
2
Kotin Company has prepared the following financial statements for 2022 and 2021: Kotin Company Balance Sheet As of December 31, 2022 and 2021 Cash Accounts Receivable Inventory Prepaid expenses LT Investments Land Plant assets Accumulated depreciation Accounts payable Wages payable Notes payable Common stock-no par Retained earnings Additional Information: A new note was issued for $18,000. 2022 $ 69,600 19,080 18,800 1,000 15,000 14,000 59,000 (24,600) $171,880 $ 21,600 1,080 26,600 21,600 101,000 $171.880 2021 35,400 16,800 28,800 500 6,000 9,000 46,800 (23,400) $119.900 $ 14,400 1,800 12,800 18,000 72,900 $119.900
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