Presented below is information related to the sole proprietorship of Kevin Johnson, attorney. Legal service revenue2010.......$350,000 Total
Question:
Presented below is information related to the sole proprietorship of Kevin Johnson, attorney.
Legal service revenue—2010.......$350,000
Total expenses—2010......... 211,000
Assets, January 1, 2010......... 85,000
Liabilities, January 1, 2010....... 62,000
Assets, December 31, 2010...... 168,000
Liabilities, December 31, 2010...... 85,000
Drawings—2010.......... ?
Instructions
Prepare the 2010 owner’s equity statement for Kevin Johnson’s legal practice.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
KEVIN JOHNSON ATTORNEY Owners Equity Statement For the ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Presented below is information related to the sole proprietorship of Alice Henning, attorney. Legal service revenue2017 ........ $ 335,000 Total expenses2017 ............ 211,000 Assets, January 1,...
-
Presented below is information related to the sole proprietorship of Huan Feng attorney. Legal service revenue2014 .........$335,000 Total expenses2014 ............ 211,000 Assets, January 1, 2014...
-
Presented below is information related to the sole proprietorship of Helen Archer, attorney. Legal service revenue2020 ...........$330,000 Total expenses2020 ........................211,000 Assets,...
-
Consider a static (one-period), closed economy with one representative consumer, one rep- resentative firm, and a government. The level of capital K and government expenditures G in the economy are...
-
Chillmax Company had planned to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable cost is $21 (includes direct materials, direct labor, variable factory overhead, and variable...
-
A cylindrical component constructed from an S-590 alloy (Figure 8.31) is to be exposed to a tensile load of 20,000 N. What minimum diameter is required for it to have a rupture lifetime of at least...
-
Using the alternative calculation formula verify analysis of variance table for the paper-strength in Example 4. Data From Example 4 EXAMPLE 4 Confidence intervals quantify the amount of difference...
-
The Highland Cove Resort has a May 31 fiscal year end and prepares adjusting entries on a monthly basis. The following trial balance was prepared before recording the May 31 month-end adjustments:...
-
You deposited $25,000 four years ago into a bank account. Two years ago, you deposited an additional $20,473.39. Assume an annual interest rate of 6% and annual compounding. How much will be in the...
-
The Great West Mining Company has struck the mother lode in their newly acquired gold field. They are modelling the weights of the gold nuggets they'll find over the next year using a...
-
Presented below is financial information related to the 2010 operations of Summers Cruise Company. Maintenance expense............ $ 95,000 Property tax expense (on dock facilities)... 10,000...
-
Barones Repair Shop was started on May 1 by Nancy Barone. A summary of May transactions is presented below. 1. Invested $10,000 cash to start the repair shop. 2. Purchased equipment for $5,000 cash....
-
Lincoln Company sells logs for an average of $18 per log. The companys president, Abraham, estimates the variable manufacturing and selling costs total $6 per log. Logging operations require...
-
Yvonne Atkinson Gates, once the chairperson of the Clark County, Nevada, Commission, an elected office, also operated her own daiquiri business. Many of the new and expanding hotels in Clark County,...
-
On November 3, 2009, Robert McDonnell was elected the 71st governor of Virginia. When Mr. McDonnell took office, he was struggling financially. A real estate LLC (Mobo) that he owned with his sister...
-
There is no such thing as a rogue trader. So I wrote in 1996 in analyzing the Nick Leeson/ Joseph Jett losses and characterizations. Joseph Jett was the then-32-year-old bond trader who found an...
-
Well, welcome to the new subprime market-auto loans! The loan companies advertise on television, have toll-free numbers, and are willing to loan just about anyone at least \(\$ 1,000\). The reason...
-
The city of Detroit pays out almost $ 200 $ 200 million per year in pension benefits to its retired workers. The city's annual contributions to its pension plan are less than half of that sum. 36 36...
-
Which are bettermodels based on traditional building blocks or models based on behavioral building blocks?
-
Give an example of transitory income. What effect does this income have on the marginal propensity to consume?
-
Flynns taxonomy consists of four primary models of computation. Briefly describe each of the categories and give an example of a high-level problem for which each of these models might be used.
-
R. B. Dillman Company manufactures a high-tech component that passes through two production processing departments, Molding and Assembly. Department managers are partially compensated on the basis of...
-
Using the information in P22-1A, compute the overhead controllable variance and the overhead volume variance.
-
Using the information in P22-1A, compute the overhead controllable variance and the overhead volume variance.
-
Do you envision the business as starting by targeting specific needs of a single target community (e.g. the target is San Francisco), targeting specific needs of a similar set of communities (e.g....
-
Define social media. ( 20 points ) How has social media changed the way marketers and consumers communicate with one another? Explain the implications for marketers. Describe how marketing managers...
-
Find an article or video offering advice on choosing the best financing option for a business. Answer the following questions: Which types of financing did they discuss? What advice did they offer?...
Study smarter with the SolutionInn App