Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. these financial statement items are for oriole cor

These financial statement items are for Oriole Corporation at year end, July 31, 2021: Operating...

60.1K

Verified Solution

Question

Accounting

image

These financial statement items are for Oriole Corporation at year end, July 31, 2021: Operating expenses $32.500 Interest payable $1,700 Salaries expense 46,200 Supplies expense 1.500 Deferred revenue 12.000 Dividends declared 16.500 Utilities expense 3.700 Equipment 22.940 Accounts payable 12.000 3.200 Depreciation expense 58.000 Retained earnings. August 1, 2020 , 4,020 Rent expense 116,100 Income tax expense 19.000 Supplies 26.000 Trading investments Service revenue 5.300 Rent revenue 1,700 Common shares 23.500 Cash 5,460 Bank loan payable (due December 31, 2021) 24,800 Accounts receivable 21,600 Interest expense 2.100 Accumulated depreciation equipment 6.700 Additional information: Oriole started the year with $20,000 of common shares and issued additional shares for $6,000 during the year. Prepare an income statement for the year. ORIOLE CORPORATION Income Statement $ $ $

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Chemistry
1.2K views

for the first part of the experiment, in which you are varying the amount of tyrosinase,...

Biology
1.2K views

Is a bajada, playa lake, playa, and inselberg created by stream erosion or deposition

Medical Sciences
1.2K views

68) The insular lobe of the brain performs _____________ functions. A) vision perception            B) speech            C) gustatory            D) higher executive/decision 70) A neurotransmitter, _________________, is...

Biology
1.2K views

2 are linked by to form prot H Pats B Glucose C Amino acids ID...

Biology
1.2K views

VII VISI IX X The US Purple Heart The US Distinguished Medal of Honor The...

Biology
1.2K views

Question 13 Pyruvate is converted to ethyl alcohol lactic acid educed electron carriers acetyl coenzyme...

Physics
1.2K views

15 Find the glanci Hint 20 0 180 Here 52 Find the retarding potential required...

Geometry
1.2K views

When three times a number n is added to 9 the m is 3 What...

Basic Math
1.2K views

17) Jon performs 3 transformations on a pentagon. First, he reflects it over the x-axis....

Basic Math
1.2K views

Why type of symmetry does the cosine function have?Cosine is an odd function, meaning it...

Calculus
1.2K views

80 Suppose the demand function for x thousand of a certain item is p 100...

Accounting
1.2K views

On January 1,2024, Rick's Pawn Shop leased a truck from Corey Motors for a six-year...