Question 9 These financial statement items are for Bramble Corporation for the year-end, July 31, 2018....
Question 9
These financial statement items are for Bramble Corporation for
the year-end, July 31, 2018.
| Salaries payable | $5,545 | ||
| Salaries expense | 51,850 | ||
| Utilities expense | 22,560 | ||
| Equipment | 32,460 | ||
| Accounts payable | 4,355 | ||
| Service revenue | 76,110 | ||
| Rent revenue | 8,490 | ||
| Bank loan payable | 3,527 | ||
| Common shares, August 1, 2017 | 16,860 | ||
| Cash | 27,790 | ||
| Accounts receivable | 28,210 | ||
| Accumulated depreciation-equipment | 4,960 | ||
| Dividends declared | 4,160 | ||
| Depreciation expense | 3,890 | ||
| Interest expense | 100 | ||
| Interest payable | 100 | ||
| Income tax expense | 1,500 | ||
| Retained earnings, August 1, 2017 | 38,433 |
Bramble issued $14,140 of common shares during the year.
A) Prepare an income statement for the year ended July 31, 2018.
B) Prepare a statement of changes in equity for the year ended July 31, 2018. (If an amount reduces the account balance then enter with negative sign e.g. -45 or parentheses e.g. (45).)
C) Prepare a classified statement of financial position at July 31, 2018. ( split into assets and liabilities and shareholders equity)
D) Calculate the current ratio and debt to total assets ratio. (Round answers to 1 decimal place, e.g. 25.5.)
Homework Answers
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Question 9
These financial statement items are for Bramble Corporation for
the year-end, July 31, 2018....
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019....
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019. Salaries and wages payable $ 1,600 Notes payable (long-term) $ 2,100 Salaries and wages expense 51,400 Cash 15,500 Utilities expense 22,100 Accounts receivable 9,700 Equipment 30,800 Accumulated depreciation equipment 5,800 Accounts payable 5,000 Dividends 3,400 Service revenue 60,500 Depreciation expense 4,200 Rent revenue 8,100 Retained Earnings (beginning of the year) 20,400 Common Stock 33,600 Prepare an income statement for the year. (Enter negative amounts...
hese financial statement items are for Crane Corporation at year end, July 31, 2018: Operating expenses...
hese financial statement items are for Crane Corporation at year
end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
These financial statement items are for Crane Corporation at year end, July 31, 2018: Operating expenses...
These financial statement items are for Crane Corporation at
year end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
Question 6 These financial statement items are for Sandhill Corporation at year end, July 31, 2018:...
Question 6
These financial statement items are for Sandhill Corporation at
year end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 700
Salaries expense
44,700
Supplies expense
1,300
Unearned revenue
12,000
Dividends declared
14,000
Utilities expense
2,800
Depreciation expense
3,900
Equipment
57,100
Retained earnings, Aug. 1, 2017
21,440
Accounts payable
4,920
Rent expense
11,000
Service revenue
113,100
Income tax expense
5,700
Rent revenue
19,500
Supplies
1,600
Common shares
27,000
Held for trading investments
24,500
Cash
5,560
Bank loan payable...
Exercise 124 These financial statement items are for Snyder Corporation at year-end, July 31, 2017 50.700...
Exercise 124 These financial statement items are for Snyder Corporation at year-end, July 31, 2017 50.700 Utseen 21.00 4100 1.800 Notes payable due 2019) Common stock 20.200 Accu ed depreciation-cument Dividends Depreciation expense Renderings i ng of the year) 5.000 4000 35.200 Prepare an income statement for the year ended July 31, 2017. (Enter loss with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SNYDER CORPORATION Income Statement Prepare a retained earnings statement for the year ended...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
Question 2 These financial statement items are for Splish Brothers Inc. at year-end, July 31, 2017....
Question 2 These financial statement items are for Splish Brothers Inc. at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,880 58,500 17,500 20,300 4,100 67,100 10,400 3,100 16,000 31,100 11,080 7,900 4,000 5,900 35,900 Prepare an income statement for the year. Splish Brothers Inc....
These financial statement items are for Concord Company at year-end, July 31, 2019. Salaries and wages...
These financial statement items are for Concord Company at
year-end, July 31, 2019. Salaries and wages payable $ 1,800 Notes
payable (long-term) $ 2,000 Salaries and wages expense 51,300 Cash
13,200 Utilities expense 22,300 Accounts receivable 9,200 Equipment
31,300 Accumulated depreciation-equipment 6,500 Accounts payable
4,700 Dividends 3,000 Service revenue 62,000 Depreciation expense
3,600 Rent revenue 8,600 Retained Earnings (beginning of the year)
21,400 Common Stock 26,900
Exercise 4-17 a1,a2-b (Part Level Submission) (Video) These financial statement items are for Concord...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
These financial statement items are for Tamarisk, Inc. at year-end, July 31, 2017. Salaries and wages payable...
These financial statement items are for Tamarisk, Inc. at year-end, July 31, 2017. Salaries and wages payable $3,480 Salaries and wages expense Supplies expense 58,800 17,400 19,900 Equipment Accounts payable 4 Service revenue ,100 67,400 10,300 Rent revenue Notes payable (due in 2020) 3,600 Common stock 16,000 10, Cash 30,500 Accounts receivable 11,580 8,000 Accumulated depreciation-equipment Dividends 4,000 Depreciation expense 6,000 Retained earnings (beginning of the year) 35,300 Tamarisk, Inc. Income Statement For the Year Ended July 31, 2017 :...
CALC Question 12 These financial statement items are for Bramble Company at year-end, July 31, 2019. Salaries and wages payable $ 1,600 Notes payable (long-term) $ 2,100 Salaries and wages expense 51,400 Cash 15,500 Utilities expense 22,100 Accounts receivable 9,700 Equipment 30,800 Accumulated depreciation equipment 5,800 Accounts payable 5,000 Dividends 3,400 Service revenue 60,500 Depreciation expense 4,200 Rent revenue 8,100 Retained Earnings (beginning of the year) 20,400 Common Stock 33,600 Prepare an income statement for the year. (Enter negative amounts...
hese financial statement items are for Crane Corporation at year
end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
These financial statement items are for Crane Corporation at
year end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
Question 6
These financial statement items are for Sandhill Corporation at
year end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 700
Salaries expense
44,700
Supplies expense
1,300
Unearned revenue
12,000
Dividends declared
14,000
Utilities expense
2,800
Depreciation expense
3,900
Equipment
57,100
Retained earnings, Aug. 1, 2017
21,440
Accounts payable
4,920
Rent expense
11,000
Service revenue
113,100
Income tax expense
5,700
Rent revenue
19,500
Supplies
1,600
Common shares
27,000
Held for trading investments
24,500
Cash
5,560
Bank loan payable...
Exercise 124 These financial statement items are for Snyder Corporation at year-end, July 31, 2017 50.700 Utseen 21.00 4100 1.800 Notes payable due 2019) Common stock 20.200 Accu ed depreciation-cument Dividends Depreciation expense Renderings i ng of the year) 5.000 4000 35.200 Prepare an income statement for the year ended July 31, 2017. (Enter loss with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SNYDER CORPORATION Income Statement Prepare a retained earnings statement for the year ended...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
Question 2 These financial statement items are for Splish Brothers Inc. at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,880 58,500 17,500 20,300 4,100 67,100 10,400 3,100 16,000 31,100 11,080 7,900 4,000 5,900 35,900 Prepare an income statement for the year. Splish Brothers Inc....
These financial statement items are for Concord Company at
year-end, July 31, 2019. Salaries and wages payable $ 1,800 Notes
payable (long-term) $ 2,000 Salaries and wages expense 51,300 Cash
13,200 Utilities expense 22,300 Accounts receivable 9,200 Equipment
31,300 Accumulated depreciation-equipment 6,500 Accounts payable
4,700 Dividends 3,000 Service revenue 62,000 Depreciation expense
3,600 Rent revenue 8,600 Retained Earnings (beginning of the year)
21,400 Common Stock 26,900
Exercise 4-17 a1,a2-b (Part Level Submission) (Video) These financial statement items are for Concord...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
These financial statement items are for Tamarisk, Inc. at year-end, July 31, 2017. Salaries and wages payable $3,480 Salaries and wages expense Supplies expense 58,800 17,400 19,900 Equipment Accounts payable 4 Service revenue ,100 67,400 10,300 Rent revenue Notes payable (due in 2020) 3,600 Common stock 16,000 10, Cash 30,500 Accounts receivable 11,580 8,000 Accumulated depreciation-equipment Dividends 4,000 Depreciation expense 6,000 Retained earnings (beginning of the year) 35,300 Tamarisk, Inc. Income Statement For the Year Ended July 31, 2017 :...
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