Using the figures below, please construct an (a) income statement and (b) balance sheet for the company: Accounts payable 1,364,592 Accounts receivable 5,154,706 Accrued liabilities 522,802 Accumulated Depreciation (including current charges) -220,487 Advertising 228,335 Cash 584,022 Common stock 1,000 Contributions & donations 56,916 Depreciation (current period) 62,424 Dues, licenses and subscriptions 69,327 Executive salaries 1,271,158 Furniture & fixtures 18,201 Group insurance 118,031 Interest 43,767 Job costs: equipment rentals 627,882 Job costs: indirect 2,934,729 Job costs: labor 6,825,049 Job costs: licenses and permits 46,458 Job costs: materials 9,456,314 Job costs: other direct costs 3,305 Liability insurance 845,001 Machinery & equipment 149,386 Miscellaneous G&A 688,084 Notes payable: long term 1,125,370 Notes payable: short term 400,397 Office equipment & software 295,623 Office supplies 7,597 Prepaid expenses & deposits 157,598 Professional fees: accounting 82,620 Professional fees: IT 47,103 Rent 169,323 Retained earnings (including current period) 4,491,508 Revenue 25,980,778 Selling: meals & entertainment 288,472 Selling: payroll 595,165 Utilities 7,727 Vehicle insurance 135,188 Vehicles 887,741 Work in progress 878,880
Using the figures below, please construct an (a) income statement and (b) balance sheet for the company: Accounts payable 1,364,592 Accounts receivable 5,154,706 Accrued liabilities 522,802 Accumulated Depreciation (including current charges) -220,487 Advertising 228,335 Cash 584,022 Common stock 1,000 Contributions & donations 56,916 Depreciation (current period) 62,424 Dues, licenses and subscriptions 69,327 Executive salaries 1,271,158 Furniture & fixtures 18,201 Group insurance 118,031 Interest 43,767 Job costs: equipment rentals 627,882 Job costs: indirect 2,934,729 Job costs: labor 6,825,049 Job costs: licenses and permits 46,458 Job costs: materials 9,456,314 Job costs: other direct costs 3,305 Liability insurance 845,001 Machinery & equipment 149,386 Miscellaneous G&A 688,084 Notes payable: long term 1,125,370 Notes payable: short term 400,397 Office equipment & software 295,623 Office supplies 7,597 Prepaid expenses & deposits 157,598 Professional fees: accounting 82,620 Professional fees: IT 47,103 Rent 169,323 Retained earnings (including current period) 4,491,508 Revenue 25,980,778 Selling: meals & entertainment 288,472 Selling: payroll 595,165 Utilities 7,727 Vehicle insurance 135,188 Vehicles 887,741 Work in progress 878,880
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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Question
Using the figures below, please construct an (a) income statement and (b)
Accounts payable | 1,364,592 |
Accounts receivable | 5,154,706 |
Accrued liabilities | 522,802 |
-220,487 | |
Advertising | 228,335 |
Cash | 584,022 |
Common stock | 1,000 |
Contributions & donations | 56,916 |
Depreciation (current period) | 62,424 |
Dues, licenses and subscriptions | 69,327 |
Executive salaries | 1,271,158 |
Furniture & fixtures | 18,201 |
Group insurance | 118,031 |
Interest | 43,767 |
627,882 | |
Job costs: indirect | 2,934,729 |
Job costs: labor | 6,825,049 |
Job costs: licenses and permits | 46,458 |
Job costs: materials | 9,456,314 |
Job costs: other direct costs | 3,305 |
Liability insurance | 845,001 |
Machinery & equipment | 149,386 |
Miscellaneous G&A | 688,084 |
Notes payable: long term | 1,125,370 |
Notes payable: short term | 400,397 |
Office equipment & software | 295,623 |
Office supplies | 7,597 |
Prepaid expenses & deposits | 157,598 |
Professional fees: accounting | 82,620 |
Professional fees: IT | 47,103 |
Rent | 169,323 |
Retained earnings (including current period) | 4,491,508 |
Revenue | 25,980,778 |
Selling: meals & entertainment | 288,472 |
Selling: payroll | 595,165 |
Utilities | 7,727 |
Vehicle insurance | 135,188 |
Vehicles | 887,741 |
Work in progress | 878,880 |
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