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Ch14Q5. 5 0f 5 (5 complete) data of Grand Corporation follow: Statement) (Click the icon to view the additional data.) - * More Info a.
Ch14Q5.
5 0f 5 (5 complete) data of Grand Corporation follow: Statement) (Click the icon to view the additional data.) - * More Info a. b. C. ities d. e. f. Collections from customers are $12,500 more than sales. Dividend revenue, interest expense, and income tax expense equal their cash amounts Payments to suppliers are the sum of cost of goods sold plus advertising expense. Payments to employees are $2,000 more than salaries expense. Cash payment for the acquisition of plant assets is $105,000 Cash receipts from sale of land total $23.000 Cash receipts from issuance of common stock total $34.000 Payment of long-term notes payable is $19,000 Payment of dividends is $12,000 Cash balance at June 30, 2023, was $23,000 at June 30, 2024, it was $17.500 stme 9 h. i. 1. Print Done any number in the input fields and then click Check Answer Clear All Data Table Grand Corporation Income Statement Year Ended June 30, 2024 Net Sales Revenue 230,000 106,000 Cost of Goods Sold Gross Profit 124.000 45,000 24,000 13 000 Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses Operating Income Other Income and (Expenses) Dividend Revenue 82,000 42.000 10 500 (5.000) Interest Expense Print Done C Cost of Goods Sold TUE.UUU 124.000 $ 45.000 24,000 13,000 Gross Profit Operating Expenses Salaries Expense Depreciation ExpensePlant Assets Advertising Expense Total Operating Expenses Operating Income Other Income and (Expenses) Dividend Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes 82,000 42,000 stme 10.500 (5.000) 5,500 47,500 Income Tax Expense 8.500 Net Income 5 39,000 rany na Print Done LG The income istmest and editional data of Grand Corporisten follow thecowe Income Sweet che lo view the editional data) Prepare and Corporation statement of cathlows for the year ended June 30, 2004. Use the direct methods or ser amounts that htbox on the same bete bundelabelo 20) Complete mendon stating the show.png Gand Conti Com Stato Carlos Yested 10,04 Cath Food 20 DARI 3 LG UT w R " O 5 G H V 8 N M T/-36X Pro The income tand additional data of Grand Corporation follow ents the income Statement Click the cow the anal data Prep Grand Corporations not shows for the year ended June 30, 2021 the direct method (north or amounts with a blend the statement leave the boxampy do not sledbe or enter Cash Flows Operating Active Com Customs Cido Thu ch 3 LG - w E 7 U O De A S D F G . In B M D Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture Step by Step Solution
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