You have just been hired to prepare, if possible, an income statement for the year ended December
Question:
Assume that Roger's Window Washing Company records all revenues when earned and all expenses when incurred.
You feel that it is part of your job to tell Roger how to organize his records better. What would you tell him?
Transcribed Image Text:
Widow oleaxing 811,376 7,200 yinvestment Loan from brothern-law oney oat 85, 080 6, 200 7 400 Withdrawabs What I owe or the% owe me A. People that work for me batlstill owe salaries to $1,800 B. Owe ban inrest f 8300 C. Work. done but olierte etile owe R& $2,900 D. Ader tising bill de but rot paid 95
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Advice to Roger In the long run a formal bookkeeping and accounting system may prove less costly ...View the full answer
Answered By
Shrinivas Parepalli
I was done post-graduation from Dr. BAMU and in addition to my career, I did the teaching Profession course. I was carried out various experiment in science laboratory from my graduation time. I also learned good manner of instrument handling in microbiology laboratory.
I had total experience of teaching 7 years in school & 2 years work as lecturer in college & five years for work as science teacher in schools. I had worked as research fellow at Dr. Babasaheb Ambedkar Marathwada University, Sub-Campus Osmanabad. During my post graduate, I was helped to my senior in various agriculture projects. I was published two research papers on 1. Bio-degradation of the Methyl Orange dye by Pseudomonas and 2. studies on bio-decolourization of Malachite green dye by Pseudomonas sp. isolated from Osmanabad.
I am teach the students in effective way thereby students retain the concepts of topic for longer time. I am try to reach depth of topics to understand and it is helpful for deliver the class. My hobby is to read science related magazines & articles.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
The following selected information is taken from the records of Pickard and Associates. 1. Prepare an income statement for the year ended December 31, 2012. (Assume that 11,000 shares of stock are...
-
The following account balances appear in the 2012 adjusted trial balance of Beavers Corporation: Service Revenue, $225,000; Salaries Expense, $100,000; Supplies Expense, $15,000; Rent Expense,...
-
It is July 15, 2014. You, a junior accountant at a small accounting firm, go over your notes from your afternoon meeting with Marco Douga. Marco came to your office looking for help with his...
-
Solve the following general system by inverting the coefficient matrix and using Theorem 1.6.2. x1 + 2x2 + 3x3 = b1 x1 - x2 + x3 = b2 x1 + x2 = b3 (a) b1= - 1, b2 = 3, b3 = 4 (b) b1 = - 1, b2 = -1,...
-
In exercise 5, the following data on x = the number of defective parts found and y = the line speed (feet per minute) for a production process at Brawdy Plastics provided the estimated regression...
-
Read what this all inclusive web site on all labor laws and procedures contains and then select one subject or area of information that you learned from this great web site. Explain why this is...
-
Question: Begg & Daigle, Inc., wrote a check for $31,989.80 to Newwall Interior Partitions, Inc. Begg then asked Chemical Bank to stop payment on the check. In November, the bank accidentally paid...
-
Tom Belford and Tony Sorrentino own a small business devoted to kitchen and bath granite installations. Recently, building contractors have insisted on up-front bid prices for a house rather than the...
-
As the director of capital budgeting for Denver Corporation, youare evaluating two mutually exclusive projects with the followingcash flows:YearProject ACash FlowProject BCash Flow 2 answers
-
Middleboro Township plans to order supplies every quarter of the year. It expects to receive the supplies in the quarter after they are ordered. It expects to use them the quarter after that and pay...
-
Howard McGraw of Windsor opened First City Surveying Service. As his accountant, analyze the transactions listed and present to Howard the following information, in proper form: 1. The analysis of...
-
While Jon Lune was on a business trip, he asked Abby Slowe, the book-keeper for Lune Co., to try to complete a balance sheet for the year ended December 31, 2013. Abby, who had been on the job only...
-
Identify the different parties that might perform internal audit work. Why might there be so many different parties performing internal audit work? a. Consulting activities, by definition, impair the...
-
Of 9 0 0 people interviewed, 2 5 4 said they liked only hamburgers, 4 6 1 said they liked only hot dogs, and 1 4 0 people said they liked both hamburgers and hot dogs. how many of the people...
-
Identify like terms 8mn + 2y + 7mn +8
-
In January of 2020, USCO, a domestic corporation, formed and became the 100% shareholder of FORCO, a Country F corporation. In its first year of operations, FORCO earned $100,000 of foreign source...
-
Cornwall Mobile Detailing (CMD) is a service that washes and details a customer's vehicle at their home or office. It operates on a membership basis. Members pay $900 dues per month, which entitle...
-
Question-4 (20) a) Explain modes of failure associated with bolted connections. b) Compute the allowable tensile load for the double-shear butt joint shown. The plates are equivalent to A36 carbon...
-
In Problems 7790, use a graphing utility to solve each equation. Express your answer rounded to two decimal places. ex = x x2
-
Difference between truncate & delete
-
Complete the following statements. a. ______: rights of the creditors b. ______ are total value of items owned by a business. c. ______ ______ is an unwritten promise to pay the creditor.
-
From the following, which are subdivisions of owners equity? a. Trees ______ b. J. Penny, Capital ______ c. Accounts Payable ______ d. J. Penny, Withdrawals ______ e. Accounts Receivable ______ f....
-
Indicate whether the following items would appear on the income statement (IS), statement of owners equity (OE), or balance sheet (BS). a. ______ Tutoring Fees Earned b. ______ Office Equipment c....
-
Theater Seating This program should be designed and written by a team o Here are some suggestions: ? One student should design function main, which will call the functions in the program. The...
-
BUS308: Macro Assignment 6. What is the average quantity at hand for products that are either red or blue and expiring after 1/1/2021? Also create a macro button there. 7. What is the maximum/la...
-
Answer the following . 4a. Given a string, return recursively a "cleaned" string where adjacent chars that are the time have been reduced to a single char . So " yyzzza" yields &q...
Study smarter with the SolutionInn App