These financial statement items are for Flounder Company at year-end, July 31, 2022 Salaries and wages...

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These financial statement items are for Flounder Company at year-end, July 31, 2022 Salaries and wages payable $2,300 51,600 Notes payable (long-term) $1,600 Salaries and wages expense Cash 14,000 Utilities expense 22,600 Accounts receivable 10,800 Accumulated depreciation-equipment Equipment Accounts payable 29,600 5,900 4,700 Dividends 2,700 Depreciation expense Retained Earnings (beginning of the year) Service revenue 61,100 4,100 Rent revenue 8,600 21,200 Common Stock 30,000 (a1) Your answer is correct. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 parentheses eg. (45).) Flounder Company Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue 61.100 Your answer is correct. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45)J Flounder Company Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue 61,100 Rent Revenue 8,600 Total Revenues %24 69,700 Expenses Salaries and Wages Expense 51.600 i Utilities Expense 22,600 Depreciation Expense 4,100 Total Expenses 78,300 Net Income/(Loss) -8,600 %24 Your answer is correct. Prepare a retained earnings statement for the year. Flounder Company Retained Earnings Statement For the Year Ended July 31, 2022 Retalned Earnings, August 1, 2021 21,200 Less v Net Income / (Loss) -8,600 Less v Dividends 2,700 -11,300 Retained Earnings, July 31, 2022 9.900 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Flounder Company Balance Sheet July 31, 2022 Assets Current Assets Cash 14,000 Accounts Receivable 10,800 Total Current Assets Property, Plant and Equipment Equipment 29,600 Less v: Accumulated Depreciation-Equipment 5,900 i Total Assets %24 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 4,700 Total Current Liabilities %24 Less v: Accumulated Depreciation-Equipment 5,900 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 4,700 Total Current Liabilities Stockholders' Equity Common Stock 30,000 Retained Earnings 9,900 Total Stockholders' Equity Total Uabilities and Stockholders' Equity v Tauthaale %24 > These financial statement items are for Flounder Company at year-end, July 31, 2022 Salaries and wages payable $2,300 51,600 Notes payable (long-term) $1,600 Salaries and wages expense Cash 14,000 Utilities expense 22,600 Accounts receivable 10,800 Accumulated depreciation-equipment Equipment Accounts payable 29,600 5,900 4,700 Dividends 2,700 Depreciation expense Retained Earnings (beginning of the year) Service revenue 61,100 4,100 Rent revenue 8,600 21,200 Common Stock 30,000 (a1) Your answer is correct. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 parentheses eg. (45).) Flounder Company Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue 61.100 Your answer is correct. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45)J Flounder Company Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue 61,100 Rent Revenue 8,600 Total Revenues %24 69,700 Expenses Salaries and Wages Expense 51.600 i Utilities Expense 22,600 Depreciation Expense 4,100 Total Expenses 78,300 Net Income/(Loss) -8,600 %24 Your answer is correct. Prepare a retained earnings statement for the year. Flounder Company Retained Earnings Statement For the Year Ended July 31, 2022 Retalned Earnings, August 1, 2021 21,200 Less v Net Income / (Loss) -8,600 Less v Dividends 2,700 -11,300 Retained Earnings, July 31, 2022 9.900 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Flounder Company Balance Sheet July 31, 2022 Assets Current Assets Cash 14,000 Accounts Receivable 10,800 Total Current Assets Property, Plant and Equipment Equipment 29,600 Less v: Accumulated Depreciation-Equipment 5,900 i Total Assets %24 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 4,700 Total Current Liabilities %24 Less v: Accumulated Depreciation-Equipment 5,900 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 4,700 Total Current Liabilities Stockholders' Equity Common Stock 30,000 Retained Earnings 9,900 Total Stockholders' Equity Total Uabilities and Stockholders' Equity v Tauthaale %24 >

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Flounder Company Balance Sheet July 31 2022 Assets Current As... View the full answer