Use the following to answer questions 33-40 Income Statement Revenues Expenses: Salaries Administrative Utilities Total expenses Net income Cash A/R Supplies Prepaid rent. Equipment. Building Total assets 33. $. 34. S 35. S 36. S $456,000 245,000 8,000 Assets Revenue: Issuance: Dividends: $25,000 30,000 #37 Net Income: 2,000 207,800 1,000,000 709,000 #34 #38 #33 37. $ 38. $ Balance Sheet 39. $ Statement of Stockholders' Equity Common stock 40. $ Beginning Issuance Net income Dividends Ending Accounts payable Notes payable Total liabilities $450,000 #35 $500.000 Supplies: Common stock Retained earnings Total stockholders' equity Total L and SE Liabilities Stockholders' Equity Total Assets: Stockholders' Equity: Total L & SE: Retained earnings $321,000 210,000 #36 $501.000 $14,000 250,000 $265,000 #39 #40

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following to answer questions 33-40
Income Statement
Revenues
Expenses:
Salaries
Administrative
Utilities
Total expenses
Net income
Cash
A/R
Supplies
Prepaid rent
Equipment
Building
Total assets
33. $
34. S
35. $
36. $
$456,000
245,000
8,000
Assets
Revenue:
Net Income:
Issuance:
Dividends:
$25,000
30,000
#37
2,000
207,800
1,000,000
#38
#33
709,000
# 34
Statement of Stockholders' Equity
Common stock
37. $
38. $
39. $
40. $
Beginning
Issuance.
Net income
Dividends
Ending
Balance Sheet
Accounts payable
Notes payable
Total liabilities
$450,000
#35
Supplies:
$500,000
Common stock
Retained earnings
Total stockholders' equity
Total Land SE
Stockholders' Equity
Total Assets:
Liabilities
Stockholders' Equity:
Total L & SE:
Retained earnings
$321,000
210,000
# 36
$501.000
$14,000
250,000
$265,000
?
#39
#40
Transcribed Image Text:Use the following to answer questions 33-40 Income Statement Revenues Expenses: Salaries Administrative Utilities Total expenses Net income Cash A/R Supplies Prepaid rent Equipment Building Total assets 33. $ 34. S 35. $ 36. $ $456,000 245,000 8,000 Assets Revenue: Net Income: Issuance: Dividends: $25,000 30,000 #37 2,000 207,800 1,000,000 #38 #33 709,000 # 34 Statement of Stockholders' Equity Common stock 37. $ 38. $ 39. $ 40. $ Beginning Issuance. Net income Dividends Ending Balance Sheet Accounts payable Notes payable Total liabilities $450,000 #35 Supplies: $500,000 Common stock Retained earnings Total stockholders' equity Total Land SE Stockholders' Equity Total Assets: Liabilities Stockholders' Equity: Total L & SE: Retained earnings $321,000 210,000 # 36 $501.000 $14,000 250,000 $265,000 ? #39 #40
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