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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Sh7
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education