Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below:
Debit Credit
Cash $1,570
Accounts receivable 2,220
Interest receivable 270
Prepaid insurance 1,710
Notes receivable (long-term) 2,880
Equipment 15,500
Accumulated depreciation 2,970
Accounts payable 2,230
Accrued expenses payable 3,740
Income taxes payable 2,650
Unearned rent revenue 330
Common Stock (820 shares) 82
Additional paid-in capital 3,508
Retained earnings 5,080
Sales revenue 37,250
Interest revenue 160
Rent revenue 560
Wages expense 19,000
Depreciation expense 1,750
Utilities expense 320
Insurance expense 780
Rent expense 9,800
Income tax expense 2,760
Total $58,560 58,560
Required:
Prepare a multi-step income statement in good form for the current year. Include earnings per share.
Answers: 2
Business, 22.06.2019 12:30
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
Answers: 1
Business, 22.06.2019 23:00
Which of the following is not one of the four principles of bottleneck management? a. increasing capacity at non-bottleneck stations is a mirageb. lost time at the bottleneck is lost system capacity.c. release work orders to the system at the bottleneck's capacity pace.d. increased bottleneck capacity is increased system capacity.e. bottlenecks should be moved to the end of the system process.
Answers: 1
Business, 23.06.2019 10:50
In the context in which your reading material uses the term traffic patterns are
Answers: 1
Catena's Marketing Company has the following adjusted trial balance at the end of the current year....
Mathematics, 02.06.2021 23:30
Arts, 02.06.2021 23:30
Chemistry, 02.06.2021 23:30
Mathematics, 02.06.2021 23:30
Law, 02.06.2021 23:30
English, 02.06.2021 23:30
Mathematics, 02.06.2021 23:30
Mathematics, 02.06.2021 23:30
History, 02.06.2021 23:30
Business, 02.06.2021 23:30
Computers and Technology, 02.06.2021 23:30
Computers and Technology, 02.06.2021 23:30