Below are the account balances of Humphrey Company at the end of November. Balances $32,000 42,000 Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable 1,200 2,200 ? 16,200 4,200 2,200 8,200 22,000 Accounts Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Interest Expense. Supplies Expense Utilities Expense Balances $42,000 27,000 1,200 57,000 22,000 11,200 2,200 6,200 5,200 Required: Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipment account.

Below are the account balances of Humphrey Company at the end of November. Balances $32,000 42,000 Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable 1,200 2,200 ? 16,200 4,200 2,200 8,200 22,000 Accounts Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Interest Expense. Supplies Expense Utilities Expense Balances $42,000 27,000 1,200 57,000 22,000 11,200 2,200 6,200 5,200 Required: Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipment account.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following information is provided for the first month of operations for Legal Services Inc.: A. The business was started by selling $103,000 worth of common stock. B. Six months' rent was paid in advance, $4,100. C. Provided services in the amount of $1,500. The customer will pay at a later date. D. An office worker was hired. The worker will be paid $277 per week. E. Received $520 in payment from the customer in "C". F. Purchased $300 worth of supplies on credit. G. Received the electricity bill. We will pay the $120 in thirty days. H. Paid the worker hired in "D" for one week's work. I. Received $130 from a customer for services we will provide next week. J. Dividends in the amount of $1,800 were distributed. Prepare the necessary journal entries to record these transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. A. B. 111
1. EX. 14.01.ALGO 2. EX.14.02 3. EX.14.03 4. EX.14.04 5. EX.14.05.BLANKSHEET.AL... 6. EX.14.06.BLANKSHEET.AL... 7. EX.14.07.BLANKSHEET.AL... 8. EX.14.08.BLANKSHEET.AL... 9. EX.14.09.BLANKSHEET.AL... 10. EX.14.11.BLANKSHEET.A... 11. EX.14.14.ALGO 12. PR.14.04.BLANKSHEET.A... 13. PR.14.02.BLANKSHEET.A... C Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $1,000,000 Preferred $2 stock, $20 par 1,000,000 Common stock, $25 par 1,000,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $470,000, (b) $570,000, and (c) $670,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ c. Earnings per share on common stock $ JAN 20 A I 0.28 1.3 W X P
J 7 Choose from list of answer choices and show/explain work.
How to solve:S= 1/1.06[1-1/(1.06)^20]/1-1/1.06
question #2 Engineering Economics
Pragareaical anelyoa kanca aha dans far ikaiar 0. Rund percntagete ldecimal placs, eg 12 NIKE, INC. Condennd Balanca Shant (in millions) Percant Asate Cument auts Propemy, plant, and aquprent (rat) Cther amt Tatal Aasets Liabilikias and Steckholdere' Equity Cament labitien Lang tem labitien Seckhoider euty Tatal llabilities and Stockholders Equity
None
Bermuda Cruises issues only common stock and coupon bonds. The firm has a debt-equity ratio of 1.41. The cost of equity is 13.5 percent and the pretax cost of debt is 7.6 percent. What is the capital structure weight of the firm's equity if the firm's tax rate is 25 percent?
Jamelsaidthatthe9in129,082istwotimesgreaterthanthe9in127,694becauseit istwoplacevaluestotheleft.Ishecorrect?Explainyourthinkingonthelinesbelow.
Ass gnment2 -IntACCT403 - Mcrosoft Word عرض أبجد هوز أبجد هوز أيجد هوز . هور أبجد هوز 南 ,三,三 |,Aa A 1 olgic -加一、三■== - A - ay - A العنوان 2 ülgic scli , 1 blasi Answer ANY 2 from the following Questions Q.1. You are an investment analyst domiciled in Country Z doing a cross-country comparison of the financial performance of two manufacturing companies in the pharmaceuticals industry. Both companies, X and Y (located in Countries X and Y), have similar expected sales of $600 million. Country X has a corporate income tax. Country Y has no income tax but relies on indirect taxes. Selected data for companies X and Y are as follows: Соmpany X $120 million Сompany Y $72 million Pretax income Return on sales 12.0% 12.0% Required: Determine which company promises to have the better financial performance? What tax considerations might affect your conclusions? الأمريكية( TOSHIBA 近

5
mni.0