Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,080 in cash (for a total at the end of the year of 840 shares). These effects are included below: Catena's Marketing Company. Adjusted Trial Balance. End of the Current Year Cash Accounts receivable Interest receivable Prepaid insurance. Long-term notes receivable. Equipment. Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (840 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total Debit $1,520 2,240 108 1,640 3,000 15,690 19,900 1,880 396 786 Credit $3,080 2,480 620 3,960 1,728 520 84 3,660 1,480 39,420 820 108. 9,080 1,720 $57,960 $57,960 the cloring entry at the end of the current year.

Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,080 in cash (for a total at the end of the year of 840 shares). These effects are included below: Catena's Marketing Company. Adjusted Trial Balance. End of the Current Year Cash Accounts receivable Interest receivable Prepaid insurance. Long-term notes receivable. Equipment. Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (840 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total Debit $1,520 2,240 108 1,640 3,000 15,690 19,900 1,880 396 786 Credit $3,080 2,480 620 3,960 1,728 520 84 3,660 1,480 39,420 820 108. 9,080 1,720 $57,960 $57,960 the cloring entry at the end of the current year.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20EA: Longmont Corporation earned net income of $90,000 this year. The company began the year with 600...

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Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $590 were declared at the end of the year, and 510 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,830 in cash (for a total at the end of the year of 840 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (840 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total Debit $1,380 2,320 160 1,730 2,860 15, 100 19,700 1,690 250 780 Credit $3,150 2,310 590 3,820 2,207 550…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,040 in cash (for a total at the end of the year of 820 shares). These effects are included below: Catena’s Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,510 Accounts receivable 2,220 Interest receivable 104 Prepaid insurance 1,620 Long-term notes receivable 2,900 Equipment 15,490 Accumulated depreciation $3,040 Accounts payable 2,440 Dividends payable 610 Accrued expenses payable 3,940 Income taxes payable 1,704 Unearned rent revenue 510 Common Stock (820 shares) 82 Additional paid-in capital 3,640 Retained earnings 1,440 Sales revenue 38,960 Rent revenue 810 Interest revenue 104 Wages expense…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $660 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,240 in cash (for a total at the end of the year of 920 shares). These effects are included below: Catena’s Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,560 Accounts receivable 2,320 Interest receivable 124 Prepaid insurance 1,720 Long-term notes receivable 3,400 Equipment 16,490 Accumulated depreciation $3,240 Accounts payable 2,640 Dividends payable 660 Accrued expenses payable 4,040 Income taxes payable 1,824 Unearned rent revenue 560 Common Stock (920 shares) 92 Additional paid-in capital 3,740 Retained earnings 1,640 Sales revenue 41,260 Rent revenue 860 Interest revenue 124 Wages expense…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $660 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,240 in cash (for a total at the end of the year of 920 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (920 shares) Additional paid-in capital Retained earnings Sales revenue Rent revenue Interest revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total Balance, January 1 Net income Share issuance Dividends declared Balance, December 31 ✓ ✓ ✓ Debit $1,560…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $675 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,300 in cash (for a total at the end of the year of 950 shares). These effects are included below: Catena’s Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,575 Accounts receivable 2,350 Interest receivable 130 Prepaid insurance 1,750 Long-term notes receivable 3,550 Equipment 16,790 Accumulated depreciation $3,300 Accounts payable 2,700 Dividends payable 675 Accrued expenses payable 4,070 Income taxes payable 1,860 Unearned rent revenue 575 Common Stock (950 shares) 95 Additional paid-in capital 3,770 Retained earnings 1,700 Sales revenue 41,950 Rent revenue 875 Interest revenue 130 Wages expense…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 650 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,600 in cash (for a total at the end of the year of 800 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit $ 1,620 Cash Accounts receivable 2,340 Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable 210 1,700 2,990 15,500 $ 2,860 2,310 640 Accrued expenses payable Income taxes payable Unearned rent revenue 3,840 2,580 490 Common Stock (800 shares) Additional paid-in capital Retained earnings Sales revenue 80 3,590 3,830 36,950 170 730 Interest revenue Rent revenue Wages expense Depreciation expense Utilities expense 18,300 1,770 350 Insurance expense 710 Rent…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $580 were declared at the end of the year, and 580 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,320 in cash (for a total at the end of the year of 810 shares). These effects are included below: The adjusted trial balance is in the pictures as is the format for the answer.
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 650 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,600 in cash (for a total at the end of the year of 800 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Credit Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment $ 2,860 2,310 640 3,840 Accumulated depreciation Accounts payable Dividends payable Accrued Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (800 shares) Additional paid-in capital 2,580 490 490 80 80 3,590 Retained earnings 3,830 Sales revenue sales revenue 36,950 Interest revenue 170 Rent revenue 730 18,300 Wages expense Depreciation expense 1,770 Utilities expense 350 710 Insurance expense Rent expense 9,800…
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $660 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,240 in cash (for a total at the end of the year of 920 shares). These effects are included below: Prepare a classified balance sheet for the end of the current year. Please dont provide answer in an image format thank you
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $680 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,320 in cash (for a total at the end of the year of 960 shares). These effects are included below: Catena’s Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,580 Accounts receivable 2,360 Interest receivable 132 Prepaid insurance 1,760 Long-term notes receivable 3,600 Equipment 16,890 Accumulated depreciation $3,320 Accounts payable 2,720 Dividends payable 680 Accrued expenses payable 4,080 Income taxes payable 1,872 Unearned rent revenue 580 Common Stock (960 shares) 96 Additional paid-in capital 3,780 Retained earnings 1,720 Sales revenue 42,180 Rent revenue 880 Interest revenue 132 Wages expense…
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