On May 31, 2012, Deana's Services Company had account balances as follows: Accounts Payable 9,900 26,950...
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On May 31, 2012, Deana's Services Company had account balances as follows: Accounts Payable 9,900 26,950 Accounts receivable Cash 1,390 70,800 225,000 75,000 174,400 1,510 2,000 20,000 230,000 8,000 35,300 15,100 Fees earned Insurance expense Building Accumulated depreciation Land Miscellaneous expense Prepaid insurance Short-term mortgage payable Long-term mortgage payable Rent expense Salary expense Dividends Supplies Supplies expense Utilities expense Capital stock Retained earnings (beginning balance on May 1, 2012) 950 825 3,800 81,000 20,000 Present, in good form, (a) an income statement for May, (b) a statement of stockholders equity as of May 31, and (c) a classified balance sheet as of May 31, showing current assets, fixed assets, current liabilities, long term liabilities, stockholders’ equity. (a) Deana's Services Company Income Statement For the Month Ended May 31, 2012 (b) Deana's Services Company Statement of Stockholders Equity For the Month Ended May 31, 2012 (c) Deana's Services Company Classified Balance Sheet May 31,2012 Total assets Total liabilities and steckholders' equity On May 31, 2012, Deana's Services Company had account balances as follows: Accounts Payable 9,900 26,950 Accounts receivable Cash 1,390 70,800 225,000 75,000 174,400 1,510 2,000 20,000 230,000 8,000 35,300 15,100 Fees earned Insurance expense Building Accumulated depreciation Land Miscellaneous expense Prepaid insurance Short-term mortgage payable Long-term mortgage payable Rent expense Salary expense Dividends Supplies Supplies expense Utilities expense Capital stock Retained earnings (beginning balance on May 1, 2012) 950 825 3,800 81,000 20,000 Present, in good form, (a) an income statement for May, (b) a statement of stockholders equity as of May 31, and (c) a classified balance sheet as of May 31, showing current assets, fixed assets, current liabilities, long term liabilities, stockholders’ equity. (a) Deana's Services Company Income Statement For the Month Ended May 31, 2012 (b) Deana's Services Company Statement of Stockholders Equity For the Month Ended May 31, 2012 (c) Deana's Services Company Classified Balance Sheet May 31,2012 Total assets Total liabilities and steckholders' equity On May 31, 2012, Deana's Services Company had account balances as follows: Accounts Payable 9,900 26,950 Accounts receivable Cash 1,390 70,800 225,000 75,000 174,400 1,510 2,000 20,000 230,000 8,000 35,300 15,100 Fees earned Insurance expense Building Accumulated depreciation Land Miscellaneous expense Prepaid insurance Short-term mortgage payable Long-term mortgage payable Rent expense Salary expense Dividends Supplies Supplies expense Utilities expense Capital stock Retained earnings (beginning balance on May 1, 2012) 950 825 3,800 81,000 20,000 Present, in good form, (a) an income statement for May, (b) a statement of stockholders equity as of May 31, and (c) a classified balance sheet as of May 31, showing current assets, fixed assets, current liabilities, long term liabilities, stockholders’ equity. (a) Deana's Services Company Income Statement For the Month Ended May 31, 2012 (b) Deana's Services Company Statement of Stockholders Equity For the Month Ended May 31, 2012 (c) Deana's Services Company Classified Balance Sheet May 31,2012 Total assets Total liabilities and steckholders' equity On May 31, 2012, Deana's Services Company had account balances as follows: Accounts Payable 9,900 26,950 Accounts receivable Cash 1,390 70,800 225,000 75,000 174,400 1,510 2,000 20,000 230,000 8,000 35,300 15,100 Fees earned Insurance expense Building Accumulated depreciation Land Miscellaneous expense Prepaid insurance Short-term mortgage payable Long-term mortgage payable Rent expense Salary expense Dividends Supplies Supplies expense Utilities expense Capital stock Retained earnings (beginning balance on May 1, 2012) 950 825 3,800 81,000 20,000 Present, in good form, (a) an income statement for May, (b) a statement of stockholders equity as of May 31, and (c) a classified balance sheet as of May 31, showing current assets, fixed assets, current liabilities, long term liabilities, stockholders’ equity. (a) Deana's Services Company Income Statement For the Month Ended May 31, 2012 (b) Deana's Services Company Statement of Stockholders Equity For the Month Ended May 31, 2012 (c) Deana's Services Company Classified Balance Sheet May 31,2012 Total assets Total liabilities and steckholders' equity
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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