These financial statement items are for Van Dijk Company NV at year-end, July 31, 2017. Instructions (a)
Question:
These financial statement items are for Van Dijk Company NV at year-end, July 31, 2017.
Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified statement of financial position at July 31.
Transcribed Image Text:
Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Share capital-ordinary $2,040 Notes payable (long-term) Cash 50,700 22,600 Accounts receivable 0,000 Accumulated depreciation-equip. 4,100 Dividends 62,000 Depreciation expense $1,800 14,200 9,240 6,000 3,000 2,400 8,500 25,000 Retained earnings (beginning of the year) 22,700
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a VAN DIJK COMPANY NV Income Statement For the Year Ended July 31 2017 Revenues Service revenue 6200...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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