Calculate the net income/loss of Richardson Computers Co. given the following Information. SHOW YOUR WORK in...

  

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Calculate the net income/loss of Richardson Computers Co. given the following Information. SHOW YOUR WORK in the box. Sale of Computers Advertising expense Hydro Expense Sale of Computer Parts Wages Expense Rent Expenses COGS (Cost of Goods Sold) Telephone Expense $5850 700 350 3800 1230 1700 1820 250 Fill in the missing amounts for each of the following balance sheet equations. (Ex. $10,040) #1 # 2 #3 Blank # 1 Blank # 2 Blank # 3 ASSETS $46,000 $105,000 LIABILITIES $12,000 A $80,000 N OWNER'S EQUITY $110,000 $40,000 Fill in the missing amounts for each of the following income statement equations. (Ex. $10,040) # 1 # 2 #3 Blank # 1 Blank # 2 Blank # 3 REVENUE $11,200 $109,000 EXPENSES $15,800 $22,460 NET INCOME/(LOSS) $56,400 $(13,000) Calculate the net income/loss of Richardson Computers Co. given the following Information. SHOW YOUR WORK in the box. Sale of Computers Advertising expense Hydro Expense Sale of Computer Parts Wages Expense Rent Expenses COGS (Cost of Goods Sold) Telephone Expense $5850 700 350 3800 1230 1700 1820 250 Fill in the missing amounts for each of the following balance sheet equations. (Ex. $10,040) #1 # 2 #3 Blank # 1 Blank # 2 Blank # 3 ASSETS $46,000 $105,000 LIABILITIES $12,000 A $80,000 N OWNER'S EQUITY $110,000 $40,000 Fill in the missing amounts for each of the following income statement equations. (Ex. $10,040) # 1 # 2 #3 Blank # 1 Blank # 2 Blank # 3 REVENUE $11,200 $109,000 EXPENSES $15,800 $22,460 NET INCOME/(LOSS) $56,400 $(13,000)

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Question 1 Lets calculate the net incomeloss of Richardson Computers Co Given Sale of Computers 5850 ... View the full answer