Wolverine Realty Income Statement For the Month Ended April 30, 2019 Fees earned.. Expenses: $ (a) Wages expense $300,000 Rent expense 100,000 Supplies expense Utilities expense (b) ... 20,000 .... Miscellaneous expense 25,000 Total expenses... Net income. 475,000 $275,000 ... Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 Dakota Rowe, capital, April 1, 2019 (c) Investment on April 1, 2019.. $ 375,000 Net income for April..... (d) Withdrawals..... (125,000) Increase in owner's equity (e) Dakota Rowe, capital, April 30, 2019. (f) Wolverine Realty Balance Sheet
Wolverine Realty Income Statement For the Month Ended April 30, 2019 Fees earned.. Expenses: $ (a) Wages expense $300,000 Rent expense 100,000 Supplies expense Utilities expense (b) ... 20,000 .... Miscellaneous expense 25,000 Total expenses... Net income. 475,000 $275,000 ... Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 Dakota Rowe, capital, April 1, 2019 (c) Investment on April 1, 2019.. $ 375,000 Net income for April..... (d) Withdrawals..... (125,000) Increase in owner's equity (e) Dakota Rowe, capital, April 30, 2019. (f) Wolverine Realty Balance Sheet
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
what's the missing amounts?
Transcribed Image Text:be Acrobat Pro
Custe
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PR 1-6A Missing amounts from financial statements
OBJ: 5
V k. $750,000
The financial statements at the end of Wolverine Realty's first month of operations are
as follows:
Wolverine Realty
Income Statement
For the Month Ended April 30, 2019
Fees earned.
(a)
Expenses:
Wages expense
$300,000
Rent expense
100,000
Supplies expense
(b)
Utilities expense
20,000
Miscellaneous expense
25,000
Total expenses.
475,000
Net income
$275,000
Wolverine Realty
Statement of Owner's Equity
For the Month Ended April 30, 2019
Dakota Rowe, capital, April 1, 2019
Investment on April 1, 2019
Net income for April.
$
(c)
$ 375,000
(d)
Withdrawals
(125,000)
Increase in owner's equity
(e)
Dakota Rowe, capital, April 30, 2019
(f)
Wolverine Realty
Balance Sheet
April 30, 2019
Assets
DELL
F5
F6
F7
F8
F9
F10
F11
F12
PrtSc
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