1. Stacy Tanner, capital, June 30: $483,300 Finders Investigative Services is an investigative services f and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Stacy Tanner, capital, June 30: $483,300 Finders Investigative Services is an investigative services f and operated by Stacy Tanner. On June 30, 20Y3, the end of the fiscal year, the accountant for Finders Investigative Services prepared an end-of-period spreadsheet, a part of which follows: 1234 A Finders Investigative Services End-of-Period Spreadsheet F For the Year Ended June 30, 20Y3 Adjusted G cameldong 5 Trial Balance Dr. Cr. 6 Account Title 7 no buot sorbs as dove,argil nims 21 2128,000 8 Cash to-bno gniwollot adj bonequi 9 Accounts Receivable ingil bagsW(69,600 bps 10 Supplies Juerlabs 4,600 11 Prepaid Insurance 2,500 439,500 WOH2 WOH 3M 12 Building 13 Accumulated Depreciation-Building 14 Accounts Payable 15 Salaries Payable 44,200 11,700 3,000 YOS neos 2,000 16 Unearned Rent belaufbA sonisleg ishT 373,800 17 Stacy Tanner, Capital ahomtzubA 18 Stacy Tanner, Drawing 12,000 10 10 19 Service Fees 718,000 20 Rent Revenue 12,000 Sheat 008,00 008,88 21 Salaries Expense 522,100 22 Rent Expense 48,000 008. 001A (d) 23 Supplies Expense 10,800 24 Depreciation Expense-Building 8,750 25 Utilities Expense 7,150 26 Repairs Expense 3,000 005 27 Insurance Expense 2,500 000 ser 007 (0) 28 Miscellaneous Expense 6,200 29 OOT AS 1,164,700 1,164,700 00T S 000 008.1 Instructions eldsy69 008,8 0002TE 000,8 00T rea 000,$ Inl bemsonu er 1. Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance sheet. 2. Journalize the entries that were required to close the accounts at June 30. 000'S 3. If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals remained the of net income or net loss? same, what would have been the amount 000. 005 A 001 T 100t onibliu8-qxa qed oaneqxa anisqof Inemglup3-gx3 005 1. Stacy Tanner, capital, June 30: $483,300 Finders Investigative Services is an investigative services f and operated by Stacy Tanner. On June 30, 20Y3, the end of the fiscal year, the accountant for Finders Investigative Services prepared an end-of-period spreadsheet, a part of which follows: 1234 A Finders Investigative Services End-of-Period Spreadsheet F For the Year Ended June 30, 20Y3 Adjusted G cameldong 5 Trial Balance Dr. Cr. 6 Account Title 7 no buot sorbs as dove,argil nims 21 2128,000 8 Cash to-bno gniwollot adj bonequi 9 Accounts Receivable ingil bagsW(69,600 bps 10 Supplies Juerlabs 4,600 11 Prepaid Insurance 2,500 439,500 WOH2 WOH 3M 12 Building 13 Accumulated Depreciation-Building 14 Accounts Payable 15 Salaries Payable 44,200 11,700 3,000 YOS neos 2,000 16 Unearned Rent belaufbA sonisleg ishT 373,800 17 Stacy Tanner, Capital ahomtzubA 18 Stacy Tanner, Drawing 12,000 10 10 19 Service Fees 718,000 20 Rent Revenue 12,000 Sheat 008,00 008,88 21 Salaries Expense 522,100 22 Rent Expense 48,000 008. 001A (d) 23 Supplies Expense 10,800 24 Depreciation Expense-Building 8,750 25 Utilities Expense 7,150 26 Repairs Expense 3,000 005 27 Insurance Expense 2,500 000 ser 007 (0) 28 Miscellaneous Expense 6,200 29 OOT AS 1,164,700 1,164,700 00T S 000 008.1 Instructions eldsy69 008,8 0002TE 000,8 00T rea 000,$ Inl bemsonu er 1. Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance sheet. 2. Journalize the entries that were required to close the accounts at June 30. 000'S 3. If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals remained the of net income or net loss? same, what would have been the amount 000. 005 A 001 T 100t onibliu8-qxa qed oaneqxa anisqof Inemglup3-gx3 005
Expert Answer:
Answer rating: 100% (QA)
Income Statement for Finders Investigative Services For the Year Ended June 30 20Y3 Revenue Amount S... View the full answer
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Posted Date:
Students also viewed these accounting questions
-
Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June 30, 2016, the end of the fiscal year, the accountant for Finders Investigative...
-
Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June 30, 20Y3, the end of the fiscal year, the accountant for Finders Investigative...
-
HL Co. uses the high-low method to derive a total cost formula. Using a range of units produced from 1,500 to 7,500, and a range of total costs from $21,000 to $45,000, producing 2,000 units will...
-
1. State what happens to the price level if the dollar depreciates. 2. State what happens to Real GDP if the dollar depreciates. 3. State what happens to the price level if the dollar appreciates. 4....
-
Create a report summarizing some uses for slope fields. Your typed report should include your solutions to Parts 1 and Parts 2 for completion and at least one paragraph reflecting your overall...
-
Following are errors, frauds, or other circumstances that an auditor might encounter as a result of applying year end substantive tests of details to fixed assets as of December 31, 1999: a. During...
-
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Required: Fill in the missing...
-
Elon Musk and Jeff Bessos are brothers. Each gets a weekly allowance of $4. Elon's prefer- ences for Tweets (good x) and News Articles (good y) can be represented by the utility function u(x, y) =...
-
Suppose that Johns preferences over baskets containing fish (good ), and silk (good ), are described by the utility function . Johns corresponding marginal utilities are, and . Use to represent the...
-
Use the graph to answer the question that follows. The graph represents a firm in monopolistic competition. Which of the following statements about the firm's price is accurate? The price is set at...
-
Q2 (a) Technology can be classified into various groups. Examine the differences between new technology and emerging technology. (b) The research and development in the technology life cycle phase...
-
1. Draw the variation of the Cs/Co ratio with solid fraction (fs) by taking k values as 0.03, 0.1, 0.2, 0.3, 0.4, 0.5, 0.6, and 0.9. Use the same graph for all k values. If there are differences in...
-
1) The tensile test has been applied to a 6150 Steel specimen. The dimensions and properties are given below: Specimen diameter: Peak load: Extension at peak load: Strain at peak load: Load at onset...
-
akcreate the locus (root locus) of the roots of the characteristic equation of the system given below b) Indicate whether the s-10 test point is on the root locus or not c) Find the K value of the...
-
Lets see if we can formulate any real laws about the economics of taxation. Which of the following must be true, as long as supply and demand curves have their normal shape (i.e., they arent...
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
The freezing point of pure benzene is \(5.44^{\circ} \mathrm{C}\) and that of the solution containing \(2.092 \mathrm{~g}\) of benzaldehyde in \(100 \mathrm{~g}\) of benzene is \(4.44^{\circ}...
-
The molality of dissolved gases in water at \(0^{\circ} \mathrm{C}\) and \(1 \mathrm{~atm}\) is \(1.29 \times 10^{-3}\). The decrease in volume during melting of ice is \(0.0907 \mathrm{cc} /...
-
Calculate the mass of methyl alcohol which, when dissolved in \(100 \mathrm{~g}\) of water, would just prevent the formation of ice at \(-10^{\circ} \mathrm{C}\), given that \(K_{\mathrm{f}}\) is...
Study smarter with the SolutionInn App