The trial balance of Metro Security Services, Inc. as of January 1, 2022, had the following...
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The trial balance of Metro Security Services, Inc. as of January 1, 2022, had the following normal balances: Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (23 @ $280) Equipment Van Accumulated depreciation Salaries payable Common stock Retained earnings $ 93,380 100 21,390 2,485 180 3,000 6,440 9,000 27,000 14,900 1,500 50,000 91,605 I Cash Petty Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Rent Merchandise Inventory Equipment Van Metro Security Services, Inc. Trial Balance December 31, 2022 Accumulated Depreciation Sales Tax Payable Federal Income Tax Payable FICA-Social Security Tax Payable FICA-Medicare Tax Payable Warranty Payable Unemployment Tax Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Alarm Sales Revenue Monitoring Service Revenue Cost of Goods Sold Advertising Expense Credit Card Expense Depreciation Expense Maintenance Expense Miscellaneous Expense Payroll Tax Expense Office Supplies Expense Rent Expense Salaries Expense Supplies Expense Uncollectible Accounts Expense Utilities Expense Warranty Expense Cash Short/Over Interest Expense Totals $122,475 100 27,400 165 3,000 11,020 9,000 27,000 10,000 37,470 15,000 1,680 8,150 60 17 5,505 15 9,000 65,000 440 3,965 7,200 2,262 3 320 $366.247 $4,390 23,050 290 500 600 150 312 630 320 12,000 50,000 91,605 75,400 107,000 $366.247 Create with following info: 1. Multi-step income statement 2. Statement of Stockholders equity 3. Balance sheet 4. Statement of Cash flows The trial balance of Metro Security Services, Inc. as of January 1, 2022, had the following normal balances: Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (23 @ $280) Equipment Van Accumulated depreciation Salaries payable Common stock Retained earnings $ 93,380 100 21,390 2,485 180 3,000 6,440 9,000 27,000 14,900 1,500 50,000 91,605 I Cash Petty Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Rent Merchandise Inventory Equipment Van Metro Security Services, Inc. Trial Balance December 31, 2022 Accumulated Depreciation Sales Tax Payable Federal Income Tax Payable FICA-Social Security Tax Payable FICA-Medicare Tax Payable Warranty Payable Unemployment Tax Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Alarm Sales Revenue Monitoring Service Revenue Cost of Goods Sold Advertising Expense Credit Card Expense Depreciation Expense Maintenance Expense Miscellaneous Expense Payroll Tax Expense Office Supplies Expense Rent Expense Salaries Expense Supplies Expense Uncollectible Accounts Expense Utilities Expense Warranty Expense Cash Short/Over Interest Expense Totals $122,475 100 27,400 165 3,000 11,020 9,000 27,000 10,000 37,470 15,000 1,680 8,150 60 17 5,505 15 9,000 65,000 440 3,965 7,200 2,262 3 320 $366.247 $4,390 23,050 290 500 600 150 312 630 320 12,000 50,000 91,605 75,400 107,000 $366.247 Create with following info: 1. Multi-step income statement 2. Statement of Stockholders equity 3. Balance sheet 4. Statement of Cash flows
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1 3 years trend analysis for net income and net salesrevenue Net income in millions 201620172018 190721222439 Net salesrevenue in millions 201620172018 187412025522851 The above table shows the trend ... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date:
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