Homework Answers
1.
| Liban Ahmed
Company Income Statement For the year ended December 31, 2019 |
||
| Revenues | ||
| Services Revenue | 6,900 | |
| Rental Revenue | 1,400 | |
| Total Revenues | $ 8,300 | |
| Expenses | ||
| Wages Expense | 2,500 | |
| Insurance Expense | 2,100 | |
| Supplies Expense | 1,400 | |
| Total Expenses | 6,000 | |
| Net Income | $ 2,300 | |
2.
| Liban Ahmed
Company Statement of Retained Earnings For the year ended December 31, 2019 |
|
| Retained Earnings, January 1, 2019 | $ 10,500 |
| Net Income | 2,300 |
| Subtotal | 12,800 |
| Dividends | 1,300 |
| Retained Earnings, December 31, 2019 | $ 11,500 |
3.
| Liban Ahmed
Company Balance Sheet December 31, 2019 |
||
| Assets | ||
| Cash | $ 5,400 | |
| Accounts Receivable | 1,100 | |
| Supplies | 10,800 | |
| Prepaid Services | 3,500 | |
| Store Equipment | 27,100 | |
| Total Assets | $ 47,900 | |
| Liabilities and Equity | ||
| Liabilities | ||
| Accounts Payable | 7,300 | |
| Unearned Services Revenue | 4,100 | |
| Total Liabilities | $ 11,400 | |
| Equity | ||
| Common Stock | 25,000 | |
| Retained Earnings | 11,500 | |
| Total Stockholders Equity | ||
| Total Liabilities and Equity | 36,500 | |
| Total Liabilities and Equity | $ 47,900 | |
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need help finding the answers and using the formula to plug in
thanks
Name Liban Ahmed...
need help with this finding the answer and I have to plug in a formula with...
need help with this finding the answer and I have to plug in a
formula with excel to get the answer thanks to anyone who helps I
posted this but the other user didnt give me a good formula that
works to get the answer thanks
Name Liban Ahmed Your score The trial balance of the Liban Ahmed Company as of December 31, 2019 is presented below. Prepare a multiple step income statement for the year ended (date of) December...
*** PLEASE READ *** this is the 3rd time posting I dont know how to use...
*** PLEASE READ ***
this is the 3rd time posting
I dont know how to use excel they need a FORMULA like A2+C1= x
to get the answer
so please im begging you can you add the formula when answer
the below part thank you !
The trial balance of the Liban Ahmed Company as of December 31, 2019 is presented below. Prepare a multiple step income statement for the year ended (date on December 31, 2019. Every yellow cell...
please if someone can help me out with this I would be very grateful I am...
please if someone can help me out with this I would be very
grateful I am not so good with excel and need this extra credit to
pass the class thank you so much to anyone who helps
Click on the "Multi-Step" tab and enter your name in Cell C1. If Cell Cl is left blank, you will not be able to see your score Each graded cell is highlighted in yellow. Select all account titles/labels using dropdowns. Enter formulas...
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company....
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 11,000 2,500 See 1,500 400 10,000 7,5ee 1,800 10,eee 14,800 2e, eee Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 Bee 200 40,ce 3,000 2,80 800 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the...
Please complete and or correct Following are the accounts and balances (in random order from the...
Please complete and or correct
Following are the accounts and balances (in random order from the adjusted trial balance of Stark Company $ 11,000 2,500 500 1,5ee 400 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15, eee 4,000 1,300 1ee 800 200 40,00 3, eee 2, Bee 10,000...
Required Information As of December 31, 2019, Armani Company's financial records show the following items and...
Required Information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,100 9. 100 6, 100 5, 100 11,200 14,100 3, 100 5, 100 13,100 33,200 22, 200 20,100 12,100 8, 100 Required: Prepare the 2019 year-end income statement for Armani Company...
need help finding common stock and retained earnings. Problem 1-3A Prepare financial statements (L01-3) Longhorn Corporation...
need help finding common stock and retained earnings.
Problem 1-3A Prepare financial statements (L01-3) Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021, the company reports the following amounts: Cash Equipment Accounts payable Delivery expense Salariess expense $ 1,200 Service revenue 26,000 Cost of goods sold (food expense) 3,800 Buildings 2.000 Supplies 4,900 Salarios payable $64, 700 52,800 34,000 2.800 700 In addition, the company had common stock of...
value: 10.00 points Cornhusker Company provides the following information at the end of 2018. Cash remaining...
value: 10.00 points Cornhusker Company provides the following information at the end of 2018. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue earned during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2018 Salaries owed at the end of the year Insurance expense for the...
one big problem thanks you! Leach Inc, experienced the following events for the first two years...
one big problem thanks you!
Leach Inc, experienced the following events for the first two years of its operations: 2018 1. Issued $10,000 of common stock for cash 2. Provided $90,000 of services on account. 3. Provided $27,000 of services and received cash. 4. Collected $63,000 cash from accounts receivable. 5. Paid $16,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company $ 11,000 2,5ee 500 1,500 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 800 2ee 40,000 3,000 2,000 800 10,000 7,500 1,800 10,000 14,800 20,000 Prepare the (1)...
need help with this finding the answer and I have to plug in a
formula with excel to get the answer thanks to anyone who helps I
posted this but the other user didnt give me a good formula that
works to get the answer thanks
Name Liban Ahmed Your score The trial balance of the Liban Ahmed Company as of December 31, 2019 is presented below. Prepare a multiple step income statement for the year ended (date of) December...
*** PLEASE READ ***
this is the 3rd time posting
I dont know how to use excel they need a FORMULA like A2+C1= x
to get the answer
so please im begging you can you add the formula when answer
the below part thank you !
The trial balance of the Liban Ahmed Company as of December 31, 2019 is presented below. Prepare a multiple step income statement for the year ended (date on December 31, 2019. Every yellow cell...
please if someone can help me out with this I would be very
grateful I am not so good with excel and need this extra credit to
pass the class thank you so much to anyone who helps
Click on the "Multi-Step" tab and enter your name in Cell C1. If Cell Cl is left blank, you will not be able to see your score Each graded cell is highlighted in yellow. Select all account titles/labels using dropdowns. Enter formulas...
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 11,000 2,500 See 1,500 400 10,000 7,5ee 1,800 10,eee 14,800 2e, eee Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 Bee 200 40,ce 3,000 2,80 800 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the...
Please complete and or correct
Following are the accounts and balances (in random order from the adjusted trial balance of Stark Company $ 11,000 2,500 500 1,5ee 400 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15, eee 4,000 1,300 1ee 800 200 40,00 3, eee 2, Bee 10,000...
Required Information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,100 9. 100 6, 100 5, 100 11,200 14,100 3, 100 5, 100 13,100 33,200 22, 200 20,100 12,100 8, 100 Required: Prepare the 2019 year-end income statement for Armani Company...
need help finding common stock and retained earnings.
Problem 1-3A Prepare financial statements (L01-3) Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021, the company reports the following amounts: Cash Equipment Accounts payable Delivery expense Salariess expense $ 1,200 Service revenue 26,000 Cost of goods sold (food expense) 3,800 Buildings 2.000 Supplies 4,900 Salarios payable $64, 700 52,800 34,000 2.800 700 In addition, the company had common stock of...
value: 10.00 points Cornhusker Company provides the following information at the end of 2018. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue earned during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2018 Salaries owed at the end of the year Insurance expense for the...
one big problem thanks you!
Leach Inc, experienced the following events for the first two years of its operations: 2018 1. Issued $10,000 of common stock for cash 2. Provided $90,000 of services on account. 3. Provided $27,000 of services and received cash. 4. Collected $63,000 cash from accounts receivable. 5. Paid $16,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company $ 11,000 2,5ee 500 1,500 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 800 2ee 40,000 3,000 2,000 800 10,000 7,500 1,800 10,000 14,800 20,000 Prepare the (1)...
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