account balances and income statement for year in previous post . thanks! ...
50.1K
Verified Solution
Question
Accounting
account balances and income statement for year in previous post . thanks!
Ashley Truax&5/31/ UIeWBrR: Ch1 - E1-34, 35, 36 Score: 0 of 1 pt 3 of 3 (1 complete) HW Score: 30%, E1-36 (similar to) Question T $52,000 The retained a (Click the icon to view the income statement for the year) earnings was $31,000 at the beginning of the year. At year end, common stock was $17,000 and dividends w The assets, liabilities, and equities of Dutiful Design Studio have the following balances at December 31, 2018 Click the loon to view the account balances) EEE ( Click the on to view the statement of retained earnings for the year ended December 31, 2018.) Studio as of December 31, 2018, (f a box is not used in the table leave the box empty, do not select a labei or enter a zero) Reference Assets Liabilities Dutiful Design Studio Statement of Retained Earnings Year Ended December 31,2018 Stockholders' Equity Retained Eamings, January 1, 2018 5 31.000 Net income for the year 80 300 52000) Dividends 28,300 Retained Earnings Decomber 31 2018 Print Done Choose from any ist or enter ahy number in the in Question Help E1-35 (similar to) The asset, liablities, and equities of Dager Design Studio have the following balances at December 31, 2018. The relained earnings was $37000 at the beginning of the year. At year end, common sock was 319000 and dindends were $55,000 EB (Click the icon to view the account balances)(Cck the icon to view the incorne statement for the year) T Data Table Prepare the statement of retained earnings for Dager Design Studio for the year ending December 31, 2018 Notes Payable S 10,200 Office Furniture $ 61,100 Rent Expense 21,000 Utilities Expense 6,900 3,000 Accounts Payable 2,900 Cash Office Supplies 4.300 Service Revenue 159,500 Retained Earnings, January 1,2018 Salaries Expense 60,000 Acounts Receivable 11,700 Property Tax Expense 1.400 Miscellaneous Expense Reference Print Done Retained Earmings December 31, 2018 Dager Design Studio Income Statement Year Ended December 31, 2018 Revenues Service Revenue 5 159,500 Expenses Salaries Expense 60,000 Rent Expense 21,000 Utilities Experse 6,900 Miscellaneous Expense 4,200 1,400 Property Tax Expense Choose from any list or enter ahy number in the input fields and then click 93,500 Total Expenses All parts showing S 66,000 Check Answe Net Income Type here to search Ashley Truax&5/31/ UIeWBrR: Ch1 - E1-34, 35, 36 Score: 0 of 1 pt 3 of 3 (1 complete) HW Score: 30%, E1-36 (similar to) Question T $52,000 The retained a (Click the icon to view the income statement for the year) earnings was $31,000 at the beginning of the year. At year end, common stock was $17,000 and dividends w The assets, liabilities, and equities of Dutiful Design Studio have the following balances at December 31, 2018 Click the loon to view the account balances) EEE ( Click the on to view the statement of retained earnings for the year ended December 31, 2018.) Studio as of December 31, 2018, (f a box is not used in the table leave the box empty, do not select a labei or enter a zero) Reference Assets Liabilities Dutiful Design Studio Statement of Retained Earnings Year Ended December 31,2018 Stockholders' Equity Retained Eamings, January 1, 2018 5 31.000 Net income for the year 80 300 52000) Dividends 28,300 Retained Earnings Decomber 31 2018 Print Done Choose from any ist or enter ahy number in the in DAGER DESIGN STUDIO Statement of retaine December 31,2018 Retained Earnings January 1, 2018 Net Income for the year Dividends Retained Earnings, December 31, 2018 O o 0 DIO Statement of retained earnings, Year ended December 31,2018 $37,000 nuary 1, 2018 $66,000 ar $103,000 ($55,000) $48,000 cember 31, 2018 Question Help $37,000 at the beginning of tho year At year end, common stock was 519 000 and dividends were 1 Data Table Notes Payable S 10,200 Office Furniture S 61,100 Rent Expense 21,000 Uilities Expense 6,900 000 Accounts Payable Cash 2.900 ,300 Service Revenue Office Supplies 159,500 Salaries Expense 60,000 Accounts Receivable 11,700 Property Tax Expense 1400 Miscelaneous Expense 4,200 Print Done 2018 s 159, 500
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.