Main Student Portal O WileyPLUS Student Portal Timeout alert edugen.wileyplus.com/edugen/Iti/main.uni PLUS Kieso, Intermediate Accounting, 17e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT URCES Problem 4-04 (Part Level Submission) The following account balances were included in the trial balance of Novak Corporation at June 30, 2020. Sales revenue $1,592,670 Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense $7,151 7,099 5,263 8,803 5,560 68,004 41,490 16,770 108,670 rt Sales discounts 31,900 Cost of goods sold Salaries and wages expense (sales) 899,200 57,010 98,990 Sales commissions rt Travel expense (salespersons) 31,000 Delivery expense 23,270 14,950 9,140 5,013 Entertainment expense Income tax expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Study Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock 18,834 6,043 9,140 4,798 Dividends declared on coommon stock 40,580 Office supplies used 3,206 Telephone and Internet expense (administration) 2,954 The Retained Earnings account had balance of $337,480 at July 1, 2019. There are 87,000 shares of common stock outstanding. v (a1) Your answer is partially correct. Try again. Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) Activate Windows WileyPLUS Kieso, Intermediate Accounting, 17e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES Retained Earnings Statement ACC-370 TOPIC 03 | ASSIGNMENT Exercise 4-13 For the Year Ended June 30, 2020 Correction of Depreciation Understatement 18834.00 Z Exercise 4-16 Z Problem 4-04 (Part Level Submission) Problem 4-07 Exercise 5-12 Z Exercise 5-16 (Part Level Submission) Problem 5-3 Other Revenues and Gains 68004.00 Other Expenses and Losses 16770.00 Add Net Income / (Loss) 41490.00 Review Score Review Results by Study Objective 31900.00 Less 40580.00 Dividends Declared on Common Stock 9140.00 Dividends Declared on Preferred Stock 49720.00 49720.00 Retained Earnings, July 1, 2019, as Reported Activan Goito Se SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 10:23 PM 3/22/2020 P Type here to search DELL

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URCES
Problem 4-04 (Part Level Submission)
The following account balances were included in the trial balance of Novak Corporation at June 30, 2020.
Sales revenue
$1,592,670
Depreciation expense (office furniture and equipment)
Property tax expense
Bad debt expense (selling)
Maintenance and repairs expense (administration)
Office expense
Sales returns and allowances
Dividends received
Interest expense
$7,151
7,099
5,263
8,803
5,560
68,004
41,490
16,770
108,670
rt
Sales discounts
31,900
Cost of goods sold
Salaries and wages expense (sales)
899,200
57,010
98,990
Sales commissions
rt
Travel expense (salespersons)
31,000
Delivery expense
23,270
14,950
9,140
5,013
Entertainment expense
Income tax expense
Telephone and Internet expense (sales)
Depreciation expense (sales equipment)
Maintenance and repairs expense (sales)
Miscellaneous selling expenses
Study
Depreciation understatement due to error-2017 (net of tax)
Dividends declared on preferred stock
18,834
6,043
9,140
4,798
Dividends declared on coommon stock
40,580
Office supplies used
3,206
Telephone and Internet expense (administration)
2,954
The Retained Earnings account had
balance of $337,480 at July 1, 2019. There are 87,000 shares of common stock outstanding.
v (a1)
Your answer is partially correct. Try again.
Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Activate Windows
Expand
Transcribed Image Text

Main Student Portal O WileyPLUS Student Portal Timeout alert edugen.wileyplus.com/edugen/Iti/main.uni PLUS Kieso, Intermediate Accounting, 17e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT URCES Problem 4-04 (Part Level Submission) The following account balances were included in the trial balance of Novak Corporation at June 30, 2020. Sales revenue $1,592,670 Depreciation expense (office furniture and equipment) Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) Office expense Sales returns and allowances Dividends received Interest expense $7,151 7,099 5,263 8,803 5,560 68,004 41,490 16,770 108,670 rt Sales discounts 31,900 Cost of goods sold Salaries and wages expense (sales) 899,200 57,010 98,990 Sales commissions rt Travel expense (salespersons) 31,000 Delivery expense 23,270 14,950 9,140 5,013 Entertainment expense Income tax expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Study Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock 18,834 6,043 9,140 4,798 Dividends declared on coommon stock 40,580 Office supplies used 3,206 Telephone and Internet expense (administration) 2,954 The Retained Earnings account had balance of $337,480 at July 1, 2019. There are 87,000 shares of common stock outstanding. v (a1) Your answer is partially correct. Try again. Using the multiple-step form, prepare an income statement for the year ended June 30, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) Activate Windows

WileyPLUS
Kieso, Intermediate Accounting, 17e
Help | System Announcements
CALCULATOR
PRINTER VERSION
1 BACK
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ASSIGNMENT RESOURCES
Retained Earnings Statement
ACC-370 TOPIC 03
| ASSIGNMENT
Exercise 4-13
For the Year Ended June 30, 2020
Correction of Depreciation Understatement
18834.00
Z Exercise 4-16
Z Problem 4-04 (Part
Level Submission)
Problem 4-07
Exercise 5-12
Z Exercise 5-16 (Part
Level Submission)
Problem 5-3
Other Revenues and Gains
68004.00
Other Expenses and Losses
16770.00
Add
Net Income / (Loss)
41490.00
Review Score
Review Results by Study
Objective
31900.00
Less
40580.00
Dividends Declared on Common Stock
9140.00
Dividends Declared on Preferred Stock
49720.00
49720.00
Retained Earnings, July 1, 2019, as Reported
Activan
Goito Se
SHOW LIST OF ACCOUNTS
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
10:23 PM
3/22/2020
P Type here to search
DELL
Expand
Transcribed Image Text

WileyPLUS Kieso, Intermediate Accounting, 17e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES Retained Earnings Statement ACC-370 TOPIC 03 | ASSIGNMENT Exercise 4-13 For the Year Ended June 30, 2020 Correction of Depreciation Understatement 18834.00 Z Exercise 4-16 Z Problem 4-04 (Part Level Submission) Problem 4-07 Exercise 5-12 Z Exercise 5-16 (Part Level Submission) Problem 5-3 Other Revenues and Gains 68004.00 Other Expenses and Losses 16770.00 Add Net Income / (Loss) 41490.00 Review Score Review Results by Study Objective 31900.00 Less 40580.00 Dividends Declared on Common Stock 9140.00 Dividends Declared on Preferred Stock 49720.00 49720.00 Retained Earnings, July 1, 2019, as Reported Activan Goito Se SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 10:23 PM 3/22/2020 P Type here to search DELL

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