For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $ 7,500 $ 500 Expenses 1,500 Net Income December 31, Year 2 December 31, Year 1 Assets $ 16,500 $1,000 Liabilities 500 Stock 300 300 Retained Earnings 1.$ 200 Assume Year 1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After determining the missing amounts ($_ Earnings 1.$ in the above financial statements, calculate and type in the December 31, Year 2 Retained

The balance sheet data of Randolph Company for two recent years appears below.  Using horizontal analysis, show the dollar amount and percentage change for each balance sheet item using Year 1 as a base year.   Assets: Year 2 Year 1 Current assets $   440 $280 Plant assets      675   520 Total assets $1,115 $800       Liabilities and stockholders' equity:     Current liabilities   $   280 $120 Long-term debt 250 160 Common stock 325 320 Retained earnings      260   200 Total liabilities and stockholders' equity $1,115 $800

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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $118,200 and the retained earnings were $56,900 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,500 in stock. Accounts Amount Accounts Amount Accounts payable $1,980 Miscellaneous expense $1,030 Accounts receivable 10,050 Office expense 1,260 Cash 19,330 Supplies 1,670 Fees earned 72,480 Wages expense 22,360 Land 45,900 Dividends 16,360 Building 156,100       Required:   Prepare a balance sheet for the current year ended March 31. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries.     Labels and Amount Descriptions     Labels   Expenses   For the Year…

Subject: acounting

how do you calculate revenue (see image attatched)  answer is C

X Company plans to prepare annual financial statements. After the company's first year of operation, the following financial statement information is available: Balance Sheet Total assets $15,754 Total liabilities 8,743 Total Paid-In Capital 4,771 Income Statement Total expenses $20,061 What was total revenue for the year?

The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $607,488 $558,507 Total investments 60,906 46,462 Total property, plant, and equipment 941,840 669,510 Total current liabilities 100,866 85,664 Total long-term liabilities 292,628 231,155 Preferred 9% stock, $100 par 90,744 90,744 Common stock, $10 par 568,743 568,743 Paid-in capital in excess of par-common stock 67,886 67,886 Retained earnings 489,367 230,287 Using the balance sheets for Kellman Company, if net income is $112,113 and interest expense is $33,379 for Year 2, what is the return on total assets for the year (round percent to two decimal points)? a. 10.31% b. 8.80% Oc. 10.09% Od. 6.96%

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The common stock was $120,000 and the retained earnings was $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Line Item Description Amount Accounts payable $1,200 Accounts receivable 12,340 Cash 32,990 Fees earned 76,350 Land 65,000 Building 143,670 Miscellaneous expense 440 Office expense 560 Supplies 1,670 Wages expense 31,370 Dividends 3,000 Prepare an income statement for the current year ended March 31. Thompson Computer ServicesIncome StatementFor the Year Ended March 31 Line Item Description Amount Amount     $- Select - Expenses:       $- Select -     - Select -     - Select -   Total expenses   Total expenses     $- Select -

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $121,800 and the retained earnings were $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,500 in stock. Accounts payable $2,000 Miscellaneous Expense $1,020 Accounts receivable 10,340 Office expense 1,300 Cash 21,420 Supplies 1,670 Fees earned 73,020 Wages expense 23,110 Land 47,000 Dividends 16,100 Building 157,630 Prepare a statement of stockholders' equity for the current year ended March 31. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Thompson Computer Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Stock Earnings Total $