Adjusted Trial BalouceParticularsCashAccoouts seceivobleDr $6700

Income statement is a statement that helps in determining the income or the profit and loss of a…

yusled Trial Balouce Particlors Cash Accoouts seceivoble Dr $ 6700 6500 Slearing supplies Prepaid Insorauce Truck 280 2000 8000 Accouelatod Debreciation Accounts payable 250 5500 Saloy payable. 1080. Comuton stocK 15000 RTained faruiugs Dividend 900 Seavice Revenue. MainTeuauce 2Repair expenses 350 8100 2peciationixpenses 250. Insurauce se expeise. Supplies xpentes Salaries expenses 400 1720 2830 29930 29930 Instructions: A) Prepare The. income STatemeut 2 a netained statement savinings classi'tied balance sheet at 3I March 3014 March 2 a

yusled Trial Balouce Particlors Cash Accoouts seceivoble Dr $ 6700 6500 Slearing supplies Prepaid Insorauce Truck 280 2000 8000 Accouelatod Debreciation Accounts payable 250 5500 Saloy payable. 1080. Comuton stocK 15000 RTained faruiugs Dividend 900 Seavice Revenue. MainTeuauce 2Repair expenses 350 8100 2peciationixpenses 250. Insurauce se expeise. Supplies xpentes Salaries expenses 400 1720 2830 29930 29930 Instructions: A) Prepare The. income STatemeut 2 a netained statement savinings classi'tied balance sheet at 3I March 3014 March 2 a

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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Cash €18,800 Accounts Receivable 35,800 Allowance for Doubtful ACcounts €638 Inventory, December 31 84,850 Prepaid Insurance 6,860 Equipment 91,000 Accumulated Depreciation-Equipment 36,650 Notes Payable 29,280 Share Capital-Ordinary 80,329 Retained Earnings 9,970 Sales Revenue 635,513 Cost of Goods Sold 419,500 Salaries and Wages Expense 124,210 Advertising Expense 6,730 Office Expense 4,630 €792,380 €792,380
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Week1/Chapter 2 Aagrmex O Qurstion 4-Ch 2- Finl. Stateme x C4 lem Simmone ls education.com/ext/man/inder.htmi.con condexternal browser olaunchUr http:62534%252F252Fne Statements & Cash Flow Seved Sheaves, Inc., has sales of $55,500, costs of $25,200, depreciation expense of $2,800, and interest expense of $2,550. If the tax rate is 24 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.) Operating cash floe earch
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Calculate the other income from the following Information Dividends income 1000 Opening stock 27800 Accounts payable 18000 Accounts receivable 123000 Prepaid expense 25100 Rental revenue 5200 Interest expenses 1450 Interest Income 8540 Select one: a. OMR 9450 O b. OMR 6200 c. OMR 14740 O d. OMR 1000
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Fertune Company had begng an ha s yertury of S4.200 Dung the peried the conpany chaed $47000 f raw maerias on account if the ending balance in ree materi was $5.200 the amount ef man wansdered twokin pocesa Mu Chnce $400
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Home office BranchSales P 365,000 P174,000Shipment to branch 90,000Purchases from outsiders 220,000 35,000Advertising expense 13,700 2,500Salaries and Commission 35,000 9,500Rent Expense 10,000 2,000Miscellaneous expense 3,300 500Shipment from home Office 112,500Inventories, January 1:Home Office 85,000Branch:From outsiders 9,500From home office at 2018 billed price30,000Inventories, December 31:Home Office 65,000BranchFrom outsider 6,500From Home office at 2018 billed price30,0001. The branch inventory at cost on December 31, 2021 is:a. P30,500 c. P70,000b. 31,500 d. 36,5002. The combined net income of the Home Office and the Branch on December 31, 2021 is:a. P111,000 c. P250,500b. 63,000 d. 174,000
Camaro GTO Torino Cash $ 2,400 $ 230 $ 1,300 Short-term investments 0 0 600 Current receivables 260 510 500 Inventory 2,175 2,020 3,050 Prepaid expenses 300 600 900 Total current assets $ 5,135 $ 3,360 $ 6,350 Current liabilities $ 2,220 $ 1,320 $ 3,550 a. Compute the acid-test ratio for each of the separate cases above.b. Which company is in the best position to meet short-term obligations?