financial questions

Project Description:

on jan 1, 2012, william kelly started kelly's computer service by inventing 10,000. on jan. 3, the business borrowed 10,000 from a creditor and executed a note payable with the principal and interest to be due in one year. on jan 5, the business purchased 12,000 of equipment for cash. on jan. 8 kelly's rendered service to his first corporate client and earned 2,500 in cash. on jan 12 kelley's incurred repair expense of 1,200 and promised to pay the repair contractor the following month. on jan 18, kelley's rendered service to a new client in the amount of 6,000 on account, (the client promised to pay the following month). at the end of january kelly took a withdrawal of 1,000. please prepare an income statement for the month of january, a statement of owner's equity for the month of january and balance sheet at january 31, 2012.

trial balance
debit credit
cash 5,000
account receivable 14,000
inventory 20,000
supplies 5,000
land 100,000
account payable 3,000
note payable 25,000
capital 90,000
drawing 1,000
sale revenue 160,000
sale returns and allowance 2,000
sale discounts 3,000
cost of goods sold 80,000
salary expense 5,000
utility expense 23,000
rent expense 18,000
interest expense 2,000
totals debit 278,000 credit 278,000
prepare a multi-step income statement.

at january 1, 2013, foxmore company had 80,000 shares of common stock outstanding and no preferred stock. during the year, they issued 40,000 additional shares of common stock. at december 31, 2013, foxmore had 120,000 shares of common stock outstanding and nor preferred stock. in addition, foxmore reported the following results for the year 2013:

sale revenues from regular business operations 3,000,000
cost of goods 900,000
operating expense from the regular operations 600,000
gain on disposal of several items of property, plant & equipment 15,000
income tax expense on continuing operations 330,000
loss on the termination of a discounted business segment net of tax 120,000
losses on damage caused by earthquake net of tax 280,000
prepare a multi-step income statement from the above data. don't include earnings per share information.

same as above data now prepare a earning per share information in the following format: round all amounts to the nearest cent.

earnings per share:
income (loss) from continuing operations
income (loss) from discounted operations
income (loss) before extraordinary items
extraordinary loss
net income (loss)

at march 31, 2014 the park place company shows the following data the following data on their balance sheet:
stockholder's equity
common stock, $1 par, 1,000,000 shares authorized 120,000

12,000 shares issued, 110,000 shares outstanding

paid-in capital excess of par 2,470,000
retained earnings 5,440,000
treasury stock 10,000 shares at $25 (250,000)
total stockholder's equity 7,780,000

assume that park place sells 2,500 shares of treasury stock at $20 per share. please restate the equity section of the balance sheet to reflect that transactions.

stockholder's equity
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