subject
Business, 20.09.2019 18:10 trevionc0322

On january 1, 2021, red flash photography had the following balances: cash, $25,000; supplies, $9,300; land, $73,000; deferred revenue, $6,300; common stock $63,000; and retained earnings, $38,000. during 2021, the company had the following transactions: 1. february 15 issue additional shares of common stock, $33,000. 2. may 20 provide services to customers for cash, $48,000, and on account, $43,000. 3. august 31 pay salaries to employees for work in 2021, $36,000. 4. october 1 purchase rental space for one year, $25,000. 5. november 17 purchase supplies on account, $35,000. 6. december 30 pay dividends, $3,300. the following information is available on december 31, 2021: employees are owed an additional $5,300 in salaries. three months of the rental space has expired. supplies of $6,300 remain on hand. all of the services associated with the beginning deferred revenue have been performed. 4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:30
Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach
Answers: 3
question
Business, 22.06.2019 19:20
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
question
Business, 22.06.2019 20:00
If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:
Answers: 1
question
Business, 22.06.2019 20:10
Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.
Answers: 2
You know the right answer?
On january 1, 2021, red flash photography had the following balances: cash, $25,000; supplies, $9,...
Questions
question
Mathematics, 10.07.2019 03:30
Questions on the website: 13722360