Business, 20.09.2019 18:10, trevionc0322

On january 1, 2021, red flash photography had the following balances: cash, $25,000; supplies, $9,300; land, $73,000; deferred revenue, $6,300; common stock $63,000; and retained earnings, $38,000. during 2021, the company had the following transactions: 1. february 15 issue additional shares of common stock, $33,000. 2. may 20 provide services to customers for cash, $48,000, and on account, $43,000. 3. august 31 pay salaries to employees for work in 2021, $36,000. 4. october 1 purchase rental space for one year, $25,000. 5. november 17 purchase supplies on account, $35,000. 6. december 30 pay dividends, $3,300. the following information is available on december 31, 2021: employees are owed an additional $5,300 in salaries. three months of the rental space has expired. supplies of $6,300 remain on hand. all of the services associated with the beginning deferred revenue have been performed. 4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:00, PanjiUR9220

What is the correct percentage of texas teachers charged with ethics violations each year?

Answers: 2

continue

Business, 22.06.2019 19:30, kylierice1

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)

Answers: 2

continue

Business, 22.06.2019 21:50, edgarsandoval60

By which distribution system is more than 90 percent of u. s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above

Answers: 1

continue

Business, 22.06.2019 23:00, kavron2322

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.

Answers: 2

continue

Do you know the correct answer?

On january 1, 2021, red flash photography had the following balances: cash, $25,000; supplies, $9,...