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Everything is correct . Except that In the Income statement, Kindly mention 7,200 as the net income which is the one missing
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apparently my answers are correct but incomplet, can someone help me? thanks neck my work mode:...
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year...
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
$
1,200
Service revenue
$
63,200
Equipment
24,500
Cost of goods sold (food expense)
52,500
Accounts payable
3,500
Buildings
31,000
Delivery expense
1,700
Supplies
2,500
Salaries expense
4,600
Salaries payable
700
In addition, the company had common stock of $31,000 at the
beginning of the year and issued an additional $3,100 during the...
i cant seem to figure out what the net income is! plase help and post why...
i cant seem to figure out what
the net income is! plase help and post why you got those
numbers
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: $ 1,300 Service revenue Cash $65, 700 Cost of goods sold (food expense) 4,000 Buildings 2,200 Supplies 5,100 Salaries payable Equipment 27,000 53,000 Accounts payable Delivery expense Salaries expense 36,000 3,e00 900 In addition,...
Problem 1-3A Prepare financial statements (LO1-3) Longhorn Corporation provides low-cost food delivery services to senior citizens....
Problem 1-3A Prepare financial statements (LO1-3) 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 Salaries expense $ 1,300 Service revenue 24,000 cost of goods sold (food expense) 3,400 Buildings 1,600 Supplies 4,500 Salaries payable $62,700 52,400 30,000 2,400 900 In addition, the company had common stock of $30,000 at the beginning of the year and issued...
Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings...
Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings 2,800 Supplies 5,700 Salaries payable 53,600 28,000 2,200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an ade The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the...
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year...
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021, t company reports the following amounts: Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 29,000 Cost of goods sold (food expense) 4,400 Buildings 2,600 Supplies 5,500 Salaries payable $67, 700 53,400 40,000 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the...
Longhorn corporation provides low cost food delivery services to senior citizens at the end of the...
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 68,200
https://newconnect.mheducation.com/flow/connect.htmi Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end company reports the following amounts: $ 1,400 Service revenue 23,500 Cost of goods sold (food expense) 53,500 points Equirmemt Accountsg pavable 29,000 2,700 Supplies 5,600 Salaries payable 2. $68,200 Cash 3,300 Buildings 2,300 700 Delivery expense Salaries expense...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 24,000 Cost of goods...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 24,000 Cost of goods sold (food expense) 3,400 Buildings 1,600 Supplies 4,500 Salaries payable $ 62,700 52,400 30,000 2,400 900 In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $3,000 during the year. The company also had retained earnings of $16,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare...
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year...
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 Salaries expense $ 1,200 Service revenue 29,000 cost of goods sold (food expense) 4,400 Buildings 2,600 Supplies 5,500 salaries payable $67,700 53,400 40,000 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the year....
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year,...
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports the following amounts: Cash $ 1,200 Service revenue $ 66,200 Equipment 27,500 Cost of goods sold (food expense) 53,100 Accounts payable 4,100 Buildings 37,000 Delivery expense 2,300 Supplies 3,100 Salaries expense 5,200 Salaries payable 700 In addition, the company had common stock of $37,000 at the beginning of the year and issued an additional $3,700 during the year. The 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...
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
$
1,200
Service revenue
$
63,200
Equipment
24,500
Cost of goods sold (food expense)
52,500
Accounts payable
3,500
Buildings
31,000
Delivery expense
1,700
Supplies
2,500
Salaries expense
4,600
Salaries payable
700
In addition, the company had common stock of $31,000 at the
beginning of the year and issued an additional $3,100 during the...
i cant seem to figure out what
the net income is! plase help and post why you got those
numbers
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: $ 1,300 Service revenue Cash $65, 700 Cost of goods sold (food expense) 4,000 Buildings 2,200 Supplies 5,100 Salaries payable Equipment 27,000 53,000 Accounts payable Delivery expense Salaries expense 36,000 3,e00 900 In addition,...
Problem 1-3A Prepare financial statements (LO1-3) 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 Salaries expense $ 1,300 Service revenue 24,000 cost of goods sold (food expense) 3,400 Buildings 1,600 Supplies 4,500 Salaries payable $62,700 52,400 30,000 2,400 900 In addition, the company had common stock of $30,000 at the beginning of the year and issued...
Equipment Accounts payable Delivery expense Salaries expense 23,000 cost of goods sold (food expense) 3,200 Buildings 2,800 Supplies 5,700 Salaries payable 53,600 28,000 2,200 900 In addition, the company had common stock of $28,000 at the beginning of the year and issued an ade The company also had retained earnings of $13,000 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the...
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021, t company reports the following amounts: Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 29,000 Cost of goods sold (food expense) 4,400 Buildings 2,600 Supplies 5,500 Salaries payable $67, 700 53,400 40,000 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the...
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 68,200
https://newconnect.mheducation.com/flow/connect.htmi Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end company reports the following amounts: $ 1,400 Service revenue 23,500 Cost of goods sold (food expense) 53,500 points Equirmemt Accountsg pavable 29,000 2,700 Supplies 5,600 Salaries payable 2. $68,200 Cash 3,300 Buildings 2,300 700 Delivery expense Salaries expense...
Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,300 Service revenue 24,000 Cost of goods sold (food expense) 3,400 Buildings 1,600 Supplies 4,500 Salaries payable $ 62,700 52,400 30,000 2,400 900 In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $3,000 during the year. The company also had retained earnings of $16,200 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare...
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 Salaries expense $ 1,200 Service revenue 29,000 cost of goods sold (food expense) 4,400 Buildings 2,600 Supplies 5,500 salaries payable $67,700 53,400 40,000 3,400 800 In addition, the company had common stock of $40,000 at the beginning of the year and issued an additional $4,000 during the year....
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...
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