18) Mandy's Web Design Company has the following account balances on December 31, 2013. Salary Expense $500 Cash $400 Supplies Expense $300 Insurance Expense ...





18) Mandy's Web Design Company has the following account balances on December 31, 2013.





































Salary Expense




$500




Cash




$400




Supplies Expense




$300




Insurance Expense




$100




Accounts Payable




$200




Other Expenses




$100




Consulting Revenue




$6,000






Prepare the Income Statement for Mandy's Web Design Company for the month of December.







19) Barry's Bird House Supplies has the following Balance Sheet items:



Wood Supplies



Accounts Payable



Accounts Receivable



Woodwork Equipment



Common Shares





Identify the classification of each item.



















Assets







Liabilities







Shareholders’ Equity









20) The Flower Company's beginning retained earnings are $31,000; sales are $46,800; expenses are $43,500 and dividends paid are $2,800. Calculate the ending retained earnings.









May 15, 2022
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