Question
A).Marigold Corp. began the year with retained earnings of $312000. During the year, the company issued $405000 of common stock, recorded expenses of $1199000, and
A).Marigold Corp. began the year with retained earnings of $312000. During the year, the company issued $405000 of common stock, recorded expenses of $1199000, and paid dividends of $82000. If Marigold's ending retained earnings was $332000, what was the companys revenue for the year?
B)Blossom Company began 2022 with total stockholders equity of $1291000, including retained earnings of $940000. During the year, the company issued $1316000 of common stock, recorded expenses of $3582000, and paid dividends of $237000. If Blossom's ending retained earnings was $1000000, what was the companys revenue for 2022?
C)Waterway Industries started the year with total assets of $314000 and total liabilities of $254000. During the year the business recorded $626000 in revenues, $327000 in expenses, and dividends of $61000. The net income reported by Waterway Industries for the year was
D)Vaughn Manufacturing started the month of June 2022 with total assets of $204000 and total liabilities of $119000. During June, the business recorded $335000 in revenues, $175000 in expenses, and dividends of $55000. Stockholders equity at the end of June was
E) On January 1, 2022, Nash's Trading Post, LLC purchased equipment for $39960. The company is depreciating the equipment at the rate of $560 per month. The book value of the equipment at December 31, 2022 is:
F)
Metlocks Market recorded the following events involving a recent purchase of inventory: Received goods for $78200, terms 2/9, n/30. Returned $1700 of the shipment for credit. Paid $700 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the companys inventory
G) Blues Market recorded the following events involving a recent purchase of inventory: Received goods for $113000, terms 2/15, n/30. Returned $2500 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the companys inventory
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