Wolverine Realty Income Statement For the Month Ended April 30, 2019 Fees earned.. Expenses: $ (a) Wages expense $300,000 Rent expense 100,000 Supplies expense Utilities expense (b) ... 20,000 .... Miscellaneous expense 25,000 Total expenses... Net income. 475,000 $275,000 ... Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 Dakota Rowe, capital, April 1, 2019 (c) Investment on April 1, 2019.. $ 375,000 Net income for April..... (d) Withdrawals..... (125,000) Increase in owner's equity (e) Dakota Rowe, capital, April 30, 2019. (f) Wolverine Realty Balance Sheet

Question

what's the missing amounts?

Wolverine Realty
Income Statement
For the Month Ended April 30, 2019
Fees earned..
Expenses:
$
(a)
Wages expense
$300,000
Rent expense
100,000
Supplies expense
Utilities expense
(b)
...
20,000
....
Miscellaneous expense
25,000
Total expenses...
Net income.
475,000
$275,000
...
Wolverine Realty
Statement of Owner's Equity
For the Month Ended April 30, 2019
Dakota Rowe, capital, April 1, 2019
(c)
Investment on April 1, 2019..
$ 375,000
Net income for April.....
(d)
Withdrawals.....
(125,000)
Increase in owner's equity
(e)
Dakota Rowe, capital, April 30, 2019.
(f)
Wolverine Realty
Balance Sheet
Expand
Transcribed Image Text

Wolverine Realty Income Statement For the Month Ended April 30, 2019 Fees earned.. Expenses: $ (a) Wages expense $300,000 Rent expense 100,000 Supplies expense Utilities expense (b) ... 20,000 .... Miscellaneous expense 25,000 Total expenses... Net income. 475,000 $275,000 ... Wolverine Realty Statement of Owner's Equity For the Month Ended April 30, 2019 Dakota Rowe, capital, April 1, 2019 (c) Investment on April 1, 2019.. $ 375,000 Net income for April..... (d) Withdrawals..... (125,000) Increase in owner's equity (e) Dakota Rowe, capital, April 30, 2019. (f) Wolverine Realty Balance Sheet

Expand

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Book Keeping

Accounting theory

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Please solve very soon completely

A: Working: Particulars Calculation Amount ($) FICA 6.2% =$1306.88 x 6.2% 81.03 Medicare 1.45% =...

Q: Accounting Question

A: percentage of each item of balance sheet is percentage of each asset item to total asset value and p...

Q: I need to know how to solve this, please

A: Particulars Units Amount Particulars Unit  Amount Received from Department 1 28000 2,80,000 Units ...

Q: Reported the following information on November:   Units Work in Process, beg. (80% completed) 1...

A: Equivalent units of production: In the manufacturing process, all the input could not be turned into...

Q: The owner of Time Traders requested you to calculate the net profit for the year ended30 June 2020. ...

A: In general sense, net profit is derived from deducting the expenses from the gains. It can also be d...

Q: Volunteer Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July...

A: Annual interest payment = Face value of bonds x rate of interest x 1 years = $500000 x 10% x 1 = $50...

Q: An eight-year project is estimated to cost $416,000 and have no residual value. If the straight-line...

A: Estimated annual net income = Average investment * Average rate of return

Q: The following table shows financial data (year 2009) for two US retailers: Save-A-Lot Retailers and ...

A: Firstly, the average days in inventory will be calculated for both the company. The average days in ...

Q: Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Com...

A: Given information is: Jeff Smallwood worked for two different employers. Until May, he worked for Ro...

Q: Using the physical units method to allocate joint production cost would be?

A: When joint cost are to be allocated using the physical units method, the net joint cost shall be div...

Q: JOURNAL Options  Cash recipets Purchases Sales Cash disbursements General CR Accounts Receivable opt...

A: In s sales journal, all credit sales are recorded. In perpetual or periodic inventory, sales are rec...

Q: Direct Materials Usage Variance, Direct Materials Mix and Yield Variances Vet-Pro, Inc., produces a ...

A: Standard costing: Under this costing method, the expected costs are used in the accounting records i...

Q: _______ During college, Elyssa Wood earned extra moneyby using her culinary skills to cater specialp...

A: Business organization: It shall mean an arrangement to form a business entity to carry on commercial...

Q: TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019) What do you think are banks, ...

A: In the given question, we need to highlight the five keys of loan application i.e. the fundamental c...

Q: Accounting Question

A: Income statement: It refers to the statement prepared by the company in which recording of revenue ...

Q: Sun Minerals, Inc., is considering issuing additional long-term debt to finance an expansion. Curren...

A: Interest coverage ratio: This is the ratio between an entity's interest expense and its earnings bef...

Q: The amount of Maintenance Department costs distributed to producing A Department for June was: P8,00...

A: Since  ABC Corp. distributes service department overhead cost directly to producing deparments witho...

Q: SAMCIS Company produces three products (X, Y, and Z) in a joint process costing P100,000. The produc...

A: Formula: Incremental Profit = ( Number of units x selling price after processing ) - Further process...

Q: Please help me with part c in the general ledger for the depreciation expense -building & equipm...

A: Depreciation expense is recorded to adjust for the value of asset against its use in the coming year...

Q: The following information was taken from Slater Company's balance sheet: Fixed assets (net) $1,741,3...

A: Ratio of Fixed assets to long term liabilities = Fixed assets / long term liabilities Ratio of liabi...

Q: Forecast the Balance Sheet Following is the balance sheet for Medtronic PLC for the year ended April...

A: The forecasting of a balance sheet permits independent ventures to perceive what they're probably go...

Q: Eaglet Company has a 12 percent opportunity cost of funds and currently sells on terms of net/10, EO...

A: If we give the discount to our customers , then obviously average collection period will fall but di...

Q: A company reports the following: Sales $1,057,770 Average accounts receivable (net) 83,950 Determine...

A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average ...

Q: The units of an item available for sale during the year were as follows:January 10 Inventory 27 unit...

A: This Numerical has covered the concept of Valuing of Ending Inventory Under Periodic Method. In the ...

Q: Required information Skip to question   [The following information applies to the questions displaye...

A: Percent of total appraised value = (Appraised value of asset / Total Appraised value of all assets)*...

Q: The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is as follows:   ...

A: The cash flow statement using direct method is given below,

Q: The following cost data were taken from the records of a manufacturing company: Depreciation on fact...

A: Note: Manufacturing costs means the sum of all the costs related to direct materials, direct labor a...

Q: During the current year, merchandise is sold for $95,500 cash and $1,315,000 on account. The cost of...

A: Net sales = Cash sales + Sales on account = $95,500 + $1,315,000 = $1,410,500

Q: Accounting Question

A: In the above question we have given 4 scenarios of Conrad Air, Inc. in which company want to spend a...

Q: Assuming Top That uses the weighted average method to account for inventories, the equivalent units ...

A: Since weighted average method is used, thus we are least concerned with degree of completion of open...

Q: Please fill in the general ledger. Every spot that is blue needs to be filled in. Thank you.

A: The following calculations are done in the records of Kate to evaluate the greeting card.

Q: Davis & Bell began a health clinic as a corporation in 2014.  Several transactions which occurre...

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of journ...

Q: Claims Management Inc. provides claims processing services to several large health insurance provide...

A: Variable overhead spending variance = (standard rate - actual rate)*actual hours Variable overhead e...

Q: A company’s trade payables account at 30 September 20X1 is as follows: TRADE PAYABLES ACCOUNT $ $ Ca...

A: We have the following information: Cash at bank: $21,600 (Debit) Balance B/d: $14,000 (Credit) Bala...

Q: Jetsons Inc borrowed $500,000 on a 6% one-year, interest-bearing note dated November 1, 2019 with in...

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in ...

Q: te, 1.5%. What is the gross pay for Martin?

A: Given information is: Hourly pay rate = $16 Normal hours = 40 Actual worked hours = 48  

Q: Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for $120...

A: Annual Depreciation (straight line method) = (Cost of the assets - Residual value) / Expected life o...

Q: 1. Why is fringe benefit tax important?

A: Fringe benefits are those compensation and benefits provided to the employees which are other than t...

Q: Bonds Payable has a balance of $900,000 and the Premium on Bonds Payable account  has a balance of $...

A: Carrying value = Bonds payable + Premium on bonds payable account

Q: Record each transaction in a journal entry. Explanations are not required.

A: Journal entries are used to keep a record of the transactions of the business.

Q: Gomez Company sells electrical supplies on a wholesale basis. The balances of the accounts as of Apr...

A: Click to see the answer

Q: Michelle payne deposited $20,000 in a savings account paying 6.25% simple interest. How long (in yea...

A: Future value = Prinicipal amount + Interest amount

Q: Hot Jazz Studio adjusts it account at the end of each year. Before making any year-end adjusting ent...

A: Adjusting journal entry: At year end when company finalise its accounts then any unrecognized income...

Q: Brianna and Britney are two sisters opening a clothing store with no other competition within the ar...

A: Given information is: Brianna and Britney are two sisters opening a clothing store with no other com...

Q: Parisian Cosmetics Company is planning a one-month campaign for September to promote sales of one of...

A: Differential Analysis: Differential analysis refers to the analysis of differential revenue that cou...