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Income Statement Preparation.
The following selected information is taken from the records of Beckstrom Corporation.
Accounts payable... $35,000 Accounts receivable... 65,000 Advertising expense... 15,000 Cash... 19,500 Supplies expense... 46,000 Rent expense... 10,000 Utilities expense... 3,000 Income taxes (30% income before taxes).. Miscellaneous espense... 4,400 Owner's Equity... 140,000 Salaries expense... 61,000 Fees (revenues)... 384,000 1.) Prepare an income statement for the year ended December 31, 2006. (Assume that 7,500 shares of stock are outstanding). |
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Homework?
Please consider my other responses to your questions. If you keep just copying and pasting your homework questions here, then you risk not being able to be on this site. I would hate to see that happen. I have already posted to you what the policies are here concerning asking homework questions. Please take them into consideration. The choice is yours. Please make it one that will keep you on the site. Thank you! Below is the policy, in case you did not read it.
Read this first: Expectations for the Homework Help board
-------------------------------------------------------------------------------- Do not simply retype or paste a question from your book or study material We won't do your homework questions for you. You were given the assignment for you to learn. If you come up with your own answer and post it for us to critique that is within reason. If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that. But this is your assignment, so show us you have at least attempted to complete it on your own. Thank you. |
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Originally Posted by Clough
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Everyone here is volunteers who have other lives. You need to be patient and wait for someone to come along. Is that why you keep posting the same question over and over? That is only confusing people. The policy is that we don't do your homework for you. That policy isn't going to change just because you submit your question 4 or 5 times. Did you read what Clough said about it? |
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