For the year ended December 31, 2019 Revenues: Commissions revenue $85,000 Expenses: Salary expense $8,300 Repair expense $200 Telephone expense $150 Insurance expense $1,000 Rent expense $2,500 Office supplies expense $400 Depreciation expense $250 Total Expenses 12,800 let Income 72,200 Statement of Stockholder's Equity For the year ended December 31, 2019 Totral Retained Stockholder's Common Stock Earnings Equity Beginning Balance, December 1, 2019 $80,000 $72,200 $ 152,200.00 Ending Balance, December 31, 2019 72,200$ 152,200 SoccerBox Inc. Balance Sheet December 31, 2019 Assets Liabilities Current Assets: Current Liabilities: Cash 93,150 ||Accounts payable 300 Prepaid rent 27,500 ||Dividends 1,000 Prepaid insurane Supplies office 11,000 Total Current Liabilities 1,300 100 Total Current Assets 131,750 Long-term Assets: Equipment Stockholder's Equity Total Long-term Assets Total Stockholder's Equity Total Liabilities and Total Assets Ls 131,750 Stockholder's Equity 1,300
For the year ended December 31, 2019 Revenues: Commissions revenue $85,000 Expenses: Salary expense $8,300 Repair expense $200 Telephone expense $150 Insurance expense $1,000 Rent expense $2,500 Office supplies expense $400 Depreciation expense $250 Total Expenses 12,800 let Income 72,200 Statement of Stockholder's Equity For the year ended December 31, 2019 Totral Retained Stockholder's Common Stock Earnings Equity Beginning Balance, December 1, 2019 $80,000 $72,200 $ 152,200.00 Ending Balance, December 31, 2019 72,200$ 152,200 SoccerBox Inc. Balance Sheet December 31, 2019 Assets Liabilities Current Assets: Current Liabilities: Cash 93,150 ||Accounts payable 300 Prepaid rent 27,500 ||Dividends 1,000 Prepaid insurane Supplies office 11,000 Total Current Liabilities 1,300 100 Total Current Assets 131,750 Long-term Assets: Equipment Stockholder's Equity Total Long-term Assets Total Stockholder's Equity Total Liabilities and Total Assets Ls 131,750 Stockholder's Equity 1,300
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.11C
Related questions
Question
I'm having trouble with creating my financial statements. In the attached images I'll present what I have been able to figure out but I need help figuring out the rest.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Expert Answers to Latest Homework Questions
Q: A company with a 34% marginal income tax rate is considering the purchase of a $75,000 piece of…
Q: What is the volume of the sphere? Use 3.14 for .
The volume is about in.3.
(Round to the nearest…
Q: The nonreflective coating on a camera lens with an index of refraction of 1.21 is designed to…
Q: A company's two divisions report the information below.
Sales
Income
Average assets
Electronics
$…
Q: A company's two divisions report the information below.
Sales
Electronics
$ 81,000
Sporting Goods…
Q: help
Q: help
Q: The following dashboard shows year-end Information for a company's mobile devices department. Rent,…
Q: help
Q: help
Q: At a department store, you adjust the mirrors in the dressing room so that they are parallel and 8.8…
Q: help
Q: Calculate the molarity of the acetic acid solution when 20.0 mL of that solution has been titrated…
Q: On page 335 of HR5 by Denisi and Griffin, in the closing case "Driving Employee Motivation," which…
Q: Michelson's interferometer played an important role in improving our understanding of light, and it…
Q: need these
Q: Given the solution matrix from the calculator, write the solution
1 0 | 5
0 1 | -6What's the correct…
Q: need
Q: A pair of closely spaced slits is illuminated with 621.0-nm light in a Young's double-slit…
Q: help
Q: On page 335 of HR5 by Denisi and Griffin, In the closing case "Driving Employee Motivation" how…