Question: this questjon is asking for a income statement, please fill the chart out the way its shown exactly. Penny's Pool Service & Supply, Incorporated (PPSS)

Penny's Pool Service \& Supply, Incorporated (PPSS) is completing the accounting process for the first year of operations ended on December 31. Transactions during the year have been journalized and posted. The data for the adjusting entries follows: a. PPSS owed $7,600 in wages to the offlce receptionist and three assistants for working the last 10 days in December. The employees will be paid early next year. b. On October 1 of the current fiscal year. PPSS received $24.300 from customers who prepaid pool cleaning service for one year beginning on November 1 of the current year. c. The company recelved a $530 ut lity bill for December utility usage. It will be paid early next year. d. PPSS borrowed $79,200 from a local bank on August 1, signing a one-year, 10 percent note. The note and interest are due on August 1 of next year. e. On December 31. PPSS cleaned and winterized a customer's pool for $810, but the service was not yet recorded on December 31 . f. On November 1 of the current fiscal year, PPSS purchased a two-year insurance policy for $4,800, with coverage beginning on that date. The amount was recorded as Prepaid Insurance when paid. 9. On December 31, PPSS had $3.000 of pool cleaning supplies on hand after purchasing supplies costing $25,500 during the year from Pool Corporation, Incorporated. h. PPSS estimated that depreciation on its buildings and equipment was $8,400 for the yeat. 1. At Decembet 31,$120 of interest on investments was earned that will be recelved in the next year 1. The company's income tax rate for the year was 22 percent. Use the drop-downs below to select the accounts that should be properly included on the income statement. Aiso, compute earnings per share. The company has 4.200 shares outstanding at end of the year: Note: Round your Eartings per stiare answer to 2 decimal places. Penny's Pool Service \& Supply, Incorporated Income Statement Penny's Pool Service \& Supply, Incorporated (PPSS) is completing the accounting process for the first year of operations ended on December 31. Transactions during the year have been journalized and posted. The data for the adjusting entries follows: a. PPSS owed $7,600 in wages to the offlce receptionist and three assistants for working the last 10 days in December. The employees will be paid early next year. b. On October 1 of the current fiscal year. PPSS received $24.300 from customers who prepaid pool cleaning service for one year beginning on November 1 of the current year. c. The company recelved a $530 ut lity bill for December utility usage. It will be paid early next year. d. PPSS borrowed $79,200 from a local bank on August 1, signing a one-year, 10 percent note. The note and interest are due on August 1 of next year. e. On December 31. PPSS cleaned and winterized a customer's pool for $810, but the service was not yet recorded on December 31 . f. On November 1 of the current fiscal year, PPSS purchased a two-year insurance policy for $4,800, with coverage beginning on that date. The amount was recorded as Prepaid Insurance when paid. 9. On December 31, PPSS had $3.000 of pool cleaning supplies on hand after purchasing supplies costing $25,500 during the year from Pool Corporation, Incorporated. h. PPSS estimated that depreciation on its buildings and equipment was $8,400 for the yeat. 1. At Decembet 31,$120 of interest on investments was earned that will be recelved in the next year 1. The company's income tax rate for the year was 22 percent. Use the drop-downs below to select the accounts that should be properly included on the income statement. Aiso, compute earnings per share. The company has 4.200 shares outstanding at end of the year: Note: Round your Eartings per stiare answer to 2 decimal places. Penny's Pool Service \& Supply, Incorporated Income Statement
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