Assume the owner invested $10.00. Make a financial statement. Please include a multiple- step.Income Statement of Owner's Equity and classified Balance Sheet. 3D45H23L6 Account Name7 Cash363738108A/Receivable9 Supplies10 Equipment11 A/Depr.-Equipment12 A/Payable13 Wages Payable14 XYZ, Capital15 XYZ, Drawing16 Sales17 Sales Returns and Allowances18 Sales Discounts19 Investment Income20 COGS21 Wages Expense22 Rent Expense23 Utilities Expense24 Supplies Expense25 Depreciation Expense26 Investment Expense2728 TOTAL29 Net Income3031 Totals3233 Owner invested $1034Format PainterClipboardenA밥foc>Font10Sheet1 Sheet2 Sheet34BTrial BalanceDebit4050151751020107040301020490A(+C=====Credit20604032050490AlignmentEXYZ CompanyWorksheetFor the month ended 3/31/2023AdjustmentsDebit5Merge & Center51020Credit10520$ -% 9DebitAdjustedTrial Balance4050101751020107045301051020Number505G500.00Credit306054032050505Conditional Format as CalculationFormatting TableHIncomeStatementDebit20107045301051020220150370IMCredit32050370370JDebitBalanceSheet40501017510285Check Cell285StylesKCredit3060540135150285Explanatory... InputLNeuMNDo notO

An income statement is a financial report that indicates the revenue and expenses of a business. It…

1 2 3 4 5 6 Account Name 7 Cash 8 A/Receivable 9 Supplies A 10 Equipment 11 A/Depr.-Equipment 12 A/Payable 13 Wages Payable 14 XYZ, Capital 15 XYZ, Drawing 16 Sales 17 Sales Returns and Allowances 18 Sales Discounts 19 Investment Income 20 COGS 21 Wages Expense 22 Rent Expense 23 Utilities Expense 24 Supplies Expense 25 Depreciation Expense 26 Investment Expense 27 28 TOTAL 29 Net Income 30 31 Totals 32 33 Owner invested $10 B Trial Balance Debit 40 50 15 175 10 20 10 70 40 30 10 20 C 490 Credit 20 60 40 320 50 490 D E XYZ Company Worksheet For the month ended 3/31/2023 Adjustments Debit 5 5 10 20 Credit 5 10 5 20 F Adjusted Trial Balance Debit 40 50 10 175 10 20 10 70 45 30 10 5 10 20 G 505 Credit 30 60 5 40 320 50 505 H Income Statement Debit 20 10 70 45 30 10 5 10 20 220 150 370 I Credit 320 50 370 370 Debit Balance Sheet 40 50 10 175 10 285 285 K Credit 30 60 5 40 135 150 285 L M

1 2 3 4 5 6 Account Name 7 Cash 8 A/Receivable 9 Supplies A 10 Equipment 11 A/Depr.-Equipment 12 A/Payable 13 Wages Payable 14 XYZ, Capital 15 XYZ, Drawing 16 Sales 17 Sales Returns and Allowances 18 Sales Discounts 19 Investment Income 20 COGS 21 Wages Expense 22 Rent Expense 23 Utilities Expense 24 Supplies Expense 25 Depreciation Expense 26 Investment Expense 27 28 TOTAL 29 Net Income 30 31 Totals 32 33 Owner invested $10 B Trial Balance Debit 40 50 15 175 10 20 10 70 40 30 10 20 C 490 Credit 20 60 40 320 50 490 D E XYZ Company Worksheet For the month ended 3/31/2023 Adjustments Debit 5 5 10 20 Credit 5 10 5 20 F Adjusted Trial Balance Debit 40 50 10 175 10 20 10 70 45 30 10 5 10 20 G 505 Credit 30 60 5 40 320 50 505 H Income Statement Debit 20 10 70 45 30 10 5 10 20 220 150 370 I Credit 320 50 370 370 Debit Balance Sheet 40 50 10 175 10 285 285 K Credit 30 60 5 40 135 150 285 L M

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information was gathered for BBB, Inc. for 2020. The amounts are for the year ended December 31, 2019 or as of that date except for the Beginning Retained Earnings which is given for the beginning of 2020. Please complete an Income Statement, Statement of Owners Equity and Balance Sheet.
YE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holon
Calculate net profit Details Debit(OMR) Credit(OMR) General expenses 11700 Prepaid Rent 5100 Cost of goods sold 99700 Salaries 9300 Depreciation 1560 Account Payable 3575 Net Sales 150000 Other income 2500 Select one: a. OMR 34715 b. OMR 30240 c. OMR 39815 d. OMR 31140
How do you calculate the TTM? Particulars 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TTM Sales ₱ 32,067.00 ₱ 35,422.00 ₱ 70,881.00 ₱ 95,519.00 ₱ 122,128.00 ₱ 165,654.00 ₱ 188,793.00 ₱ 232,834.00 ₱ 263,159.00 ₱ 273,046.00 ₱ 269,693.00 ₱ 294,619.00
Which of the following are revenues? а. рауто!l, 95 and insurance b. depreciation, rent and utilities c. sales, interest earned 95abe18ce33 d. supplies, advertising, and salaries 95a18ce33 5ae18c. 95be18ce 33 5 abe18ce33 95abe18ce33 95abe18ce33 మెజ్ల MacBook Pro 80 F3 95abe18c 000 DOO F4 %24 F5 にい F6 F7 6 7 & DII F8 7 V DD T F9 8 A Co F10 69 **** F U F11 3. J J [C P 1 こ L
44- Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. a. OMR 64000 b. OMR 70000 c. OMR 56000 d. OMR 60000
Using the Accounting equation. Compute the following figure: Liabilities Assets Сaptal Workings 1 54000 16900 ? 2 330000 155000 ? 3. ? 19200 24400 4 ? 59000 119300 36100 28500 6 18600 16450 7 5000 16900 8 ? 14392 245886 9.200000 50000
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100 l 6 2 2_524467555402776... Q1_ The following balances appeared in the trail balance for the year 2020 of AL-Nada co? Accounts Sales Purchases commission Purchases Balance 830 000 18 000 |480 000 90 000 2 000 000 165 00 Accounts Balance 7 000 Repair Interest received 25 000 Revenue 70 000 Purchases return Sales allowance 20 000 Creditors Freight out Loan 3 000 000 Import customs 22 000 Purchases allowance 25 000 Beginning inventory 90 000 Purchases discount Building 10 000 5 000 000 Sales discount 8 000 Sales insurance 20 000 Cars 18 000 000 Purchases insurance 10 000 Sales commission |21 000 Salaries 120 000 ighting Purchases expenses Depreciation cash 14 000 Rent 80 000 |26 000 18 000 Sales return 12 000 Bank 10 000 000 1 200 000 Debtors 2 000 000 Ending inventory 65 000 Capital Ins: 1_ Prepare the trading statement for the year ended in 2020. 2_Prepare the profit and loss statement for the year ended 2020. 3_Prepar a classified balance sheet in a good format (use statement form)
On April 1, Splish Brothers Inc. began operations. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. + Issued common stock for $21,100 cash. Obtained a bank loan for $6,200 by issuing a note payable. Paid $9,700 cash to buy equipment. Paid $1,100 cash for April office rent. Paid $1,300 for supplies. Purchased $530 of advertising in the Daily Herald, on account. Performed services for $15,800: cash of $1,760 was received from customers, and the balance of $14,040 was billed to customers on account. Paid $350 cash dividend to stockholders. Paid the utility bill for the month, $1,760. Paid Daily Herald the amount due in transaction (6). Paid $40 of interest on the bank loan obtained in transaction (2). Paid employees' salaries, $5,630. Received $10,560 cash from customers billed in transaction (7). Paid income tax, $1,320. Account Titles and Explanation Cash Common Stock Cash Notes Payable Equipment Cash Rent Expense Debit 21,100…
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Description FY10 FY11 FY12 FY13 FY14 Financial Statements GBP m GBP m GBP m GBP m GBP m Income Statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest & taxes (EBIT) 844 700 704 933 1,579 Net Interest Payable (80) (54) (98) (163) (188) Taxation (186) (195) (208) (349) (579) Miniorities (94) (99) (105) (125) (167) Profit for the year 484 352 293 296 645 Balance Sheet Fixed Assets 3,510 3,667 4,758 10,431 11,483…