Question: Use the Dallas Computer Sales data in SE12- 9 to compute the following; enter all amounts in thousands. In SE12- 9 Dallas Computer Sales, Inc.,
Use the Dallas Computer Sales data in SE12- 9 to compute the following; enter all amounts in thousands. In SE12- 9 Dallas Computer Sales, Inc., reported the following financial statements for 2014:
.png)
a. Payments to employees
b. Payments of other expenses
A1 Dallas Computer Sales, Inc. Income Statement Year Ended December 31, 2014 2 (In thousands) 3 Service revenue 4 Cost of goods sold 5 Salary expense 6 Depreciation expense 7 Other expenses 8 Total expenses 9 Net income 10 819 401 60 15 180 656 163 A1 Dallas Computer Sales, Inc. Comparative Balance Sheets 1 December 31, 2014 and 2013 2 (In thousands) 3 Assets 4 Current: 5 Cash 6 Accounts receivable62 7 8 Prepaid expenses 9 Long-term investments 2014 2013 Liabilities 2014 2013 Current $ 53 $ 58 Accounts payable S 56 54 53 Salary payable 91 Accrued liabilities 26 13 75 Inventory 16 17 16 Long-term note payable 65 10 Plant assets, net 255 195 Stockholders' Equity Common stock Retained earnings 46 309 297 529 501 50 12 13 Total 14 5 529 501 Total
Step by Step Solution
3.30 Rating (168 Votes )
There are 3 Steps involved in it
a Payments to employees 56000 as follows b Payments for ot... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
316-B-M-A-S-C-F (2569).docx
120 KBs Word File
