Huimin Ltd. had the following account balances at December 2021 1 3 25 29 32 30 33
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Huimin Ltd. had the following account balances at December 2021
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1 3 25 29 32 30 33 Huimin Ltd. had the following account balances at Decemb Account Name Dividends Prepaid expenses Interest expense Website expense Accounts receivable Deferred revenue Income tax expense Collections from customers Purchase of intangibles Payments to suppliers Travel expense Retained earnings (beginning of year) Payment of dividends Insurance expense Office supplies expense Cash (beginning of year) Service revenue Cash received from debt Prepaid insurance Office supplies Business licence Cash (end of year) Income tax payable Owner's capital Website design Telephone expense Contributions by owners Accounts payable Bank loan payable, due in 2025 Using the above infr Amount $2,500 1,500 750 600 17,300 850 3,750 37,945 1,020 35,600 1,800 3,700 2,500 2,400 350 31,550 33,720 10,000 1,200 975 60 47,875 500 21,000 960 375 7,500 12,625 10,000 1 3 25 29 32 30 33 Huimin Ltd. had the following account balances at Decemb Account Name Dividends Prepaid expenses Interest expense Website expense Accounts receivable Deferred revenue Income tax expense Collections from customers Purchase of intangibles Payments to suppliers Travel expense Retained earnings (beginning of year) Payment of dividends Insurance expense Office supplies expense Cash (beginning of year) Service revenue Cash received from debt Prepaid insurance Office supplies Business licence Cash (end of year) Income tax payable Owner's capital Website design Telephone expense Contributions by owners Accounts payable Bank loan payable, due in 2025 Using the above infr Amount $2,500 1,500 750 600 17,300 850 3,750 37,945 1,020 35,600 1,800 3,700 2,500 2,400 350 31,550 33,720 10,000 1,200 975 60 47,875 500 21,000 960 375 7,500 12,625 10,000
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2 Calculation of Total Operating Expenses HUIMIN Ltd Income Statement Service Revenue 33720 Less Operating Expenses Website Expenses 600 Travel Expens... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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