Business, 19.01.2021 19:20, Dragon63770
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.
Accounts Payable 145,000
Accounts Receivable 15,000
Cash (balance on January 1, 2016) 75,000
Cash (balance on December 31, 2016) 80,000
Common Stock 100,000
Dividends 10,000
Equipment 755000
Notes payable 30000
Office Expense 95000
Prepaid rent 50,000
Retained earnings begining 410,000
Salaries and wages expense 9,55,000
Salaries and wages payable 170,000
sales revenue 1660,000
Supplies 25,000
Utilities Expense 530,000
Other cash flow information:
Additional investment from stockholders 34000
Cash paid to purchase equipment 40,000
Cash paid to suppliers and employees 1490,000
Repayments of borrowing 155000
Cash received from customers 1661000
Cash received from borrowings 5000
Dividends paid in cash 10000
Required:
1. Prepare an income statement for 2016.
2. Prepare a statement of retained earnings for the fiscal year ended August 31, 2015.
Answers: 3
Business, 21.06.2019 16:50, michellemunoz250
Malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00 when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be?
Answers: 1
Business, 23.06.2019 08:10, lexybellx3
Suppose that in the year 2020 the price level in the fictional country of demet is 100, and the governement is considering
Answers: 2
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31,...
Mathematics, 18.12.2019 05:31
Mathematics, 18.12.2019 05:31