A B D 1 Adjustod Trial Balance December 31 2 3 No. 4 101 Cash 5 106 Accounts receivable 6 153 Trucks 7 154 Accumulated depreciation-Trucks 8 183 Land 9 201 Accounts payable 10 209 Salaries payable 11 233 Unearned fees 12| 301| Е. Нарр, Саpital 13 302 E. Happ, Withdrawals 14 401 Plumbing fees earned 15 611 Depreciation expense-Trucks 16 622 Salaries expense 17 640 Rent expense Account Title Dr. Cr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 46,700 13,000 $189,800 18 Totals $189,800

Selected accounts and related amounts for Druid Hills Co. for the fiscal year ended May 31, 20Y8, are presented in Problem 6-5A.   Adjunt problem 6-5A Instructions 1. Prepare a single-step income statement in the format shown in Exhibit 12. 2. Prepare closing entries as of May 31, 20Y8.

The supplies account had a balance of $1,443 at the beginning of the year and was debited during the year for $3,065, representing the total of supplies purchased during the year. If $2,666 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a.$2,666 b.$1,842 c.$5,731 d.$4,508

Following are the accounts and balances from the adjusted trial balance of Stark Company. Prepare the (1) income statement and (2) statement of owner’s equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $24,800 on December 31 of the prior year. Notes payable. $11,000 Accumulated depreciation—Buildings. $15,000 Prepaid insurance . 2,500 Accounts receivable . 4,000 Interest expense . 500 Utilities expense . 1,300 Accounts payable . 1,500 Interest payable . 100 Wages payable . 400 Unearned revenue . 800 Cash . 10,000 Supplies expense . 200 Wages expense . 7,500 Buildings . 40,000 Insurance expense . 1,800 Stark, Withdrawals . 3,000 Stark, Capital . 24,800 Depreciation expense—Buildings . 2,000 Services revenue . 20,000 Supplies. 800

The following items were taken from the adjusted trial balance of the Dylex Corporation for the year ended December 31, 2020. Assume an average 25% income tax on all ens. The accounting period ends December 31, and all amounts given are pre-tax. Dylex Corporation had 11,000 common shares outstanding in 2020 and follows IFRS Cost of goods sold Depreciation expense, building Gain on exchange Gain on sale of assets from discontinued operations Insurance expense Interest expense Interest income Loss on sale of trading investment 140,000 23,000 a) Prepare a multi-step income statement in good form. Please make sure your final anewarts) are accurate to 2 decimal places Dylex Corporation For the Year Ended December 31, 200 125,000 100,000 54,000 52,000 X 58,000 135,000 Operating loss of discontinued operation to disposal date 100,000 Salaries expense 160.000 Sales ** 900,000 REQUIRED DISCLOSURES b) Calculate basic eamings per share (EPS) from continuing operations. Please make sure your final…

The supplies account had a balance of $1,021 at the beginning of the year and was debited during the year for $3,930, representing the total of supplies purchased during the year. If $2,909 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is