The following information provided by ABC companies. as of December31, 2019 Accounts Amount Cash 1.400 Revenue 17,000 Accounts Payable 2,000 Accounts Receivable 1,800 Rent Expense 9,000 dividend 600 Supplies Expense 1,200 Notes Payable 5,000 Equipment 16,000 Supplies 4,000 Share Capital 10,000 Retained Earning ? Instructions(a) Prepare an income statement.(b) Prepare a statement of retained earnings.(c) Prepare a balance sheet.

The following information provided by ABC companies. as of December31, 2019 Accounts Amount Cash 1.400 Revenue 17,000 Accounts Payable 2,000 Accounts Receivable 1,800 Rent Expense 9,000 dividend 600...

The following information provided by ABC companies. as of December31, 2019

Accounts	Amount
Cash	1.400
Revenue	17,000
Accounts Payable	2,000
Accounts Receivable	1,800
Rent Expense	9,000
dividend	600
Supplies Expense	1,200
Notes Payable	5,000
Equipment	16,000
Supplies	4,000
Share Capital	10,000
Retained Earning	?

Instructions

(a) Prepare an income statement.

(b) Prepare a statement of retained earnings.

(c) Prepare a balance sheet.

Jun 01, 2022

SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

Kelly enjoys playing guitar and plays in a band. Kellys band has developed a localfollowing. This year, his gross revenues were $1,200 for playing shows and $700 on CDsales. He incurred the...
SolvedAug 01, 2023
Cover page Student Name: Student number: Read this firstInstructions1In each spreadsheet, enter data only in the cells highlighted in gray.2Relevant...
Feb 07, 2023
FNSTPB402 Assessment 2- Structured Activity- Establish and maintain payroll systems.Business book retailer Yabby Books Pty Ltd
Dec 06, 2022
Assignment Design a salary slip for the month of December 2021 with information given below.Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance -...
Nov 02, 2022
In order to accurately calculate an employee's pay, it is important that payroll clearly understands the different types of employee remuneration. In your own words, list and define the four...
Oct 18, 2022
Design a salary slip for the month of December 2021 with information given below.Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Insurance - 2500Incentive- 75% target completionPf...
Sep 06, 2022
Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive-75% target completionPf 12%Earned leaves - 2LOP - 4
Sep 02, 2022
CSCI262 - Spring 2022Workshop - Week 3Part 1: Passwords1. The first questions relate to passwords and entropy:(a) Is there any harm in revealing old passwords? Why or why not?(b) What is the...
Aug 25, 2022
Your organization is an chemicalsupplierwith employees in the following jurisdictions:ManitobaPrince Edward IslandYukonThe organization is planning to implement a company-wide policy with respect to...
Aug 25, 2022
design a salary slip for the month of december 2021 fixed vs variable ratio is 70:30,ctc is 18 lakh, basic is 50%, hra is 20%,da is 12 %, travel allowance is 2000, insurance is 2500 incentive is 75%,...
Aug 20, 2022

Submit New Assignment

Copy and Paste Your Assignment Here

Have files?