Check my work Requiredi 137 points 2. By comparing equity amounts from the balance sheets and using the additional information presented in this problem, prepare a calculation to show how much net income was earned by the business during 2015 178120 Required Information Equity, December 31, 2014 Add Stock issuances Add Net income 178. 120 The following information applies to the questions displayed below The accounting records of Nettle Distribution show the following assets and abilities as of December 31, 2014 and 2015 Less: Dividends Equity, December 31, 2015 37200 140 920 $ 2014 46,365 $ $ 2015 7544 19,646 Cash Accounts receivable Once supplies Office equipment 25.059 3.95 2.95 56.482 158.286 30 500 . 32575 92786 Accounts payable None payable 5 0 References eBook & Resources Worksheet Learning Objective 02-ATA the impact of transactions accounts and financial state Latein December 2015. the business purchased a c e buding and land for $19.75 paid $100.000 cash toward the purchase and a $92785 one bewu red for the balance M e had to invest $3.000 cash in the business in charge for common ock to enable to pay the $100.000 Thebes pays $100 per month Difficulty: 3 Hard teaming Objective 02. the debt ratio and describe in analyzing financial conditii for dividende Check my work 13. 12 3. Compute the 2015 year and det ratio for the business Iarrator Dettato Choo Dominator Debt Ratio Debit ratio Required information comparing equity amounts from the balance sheets and using the additional information esented in this problem, prepare a calculation to show how much net income was earned by the usiness during 2015 5 178 120 Required Information Equity, December 31, 2014 Add Stockissuances Add: Net income 178,120 [The following information applies to the questions displayed below! The accounting records of Nettie Distribution show the following assets and abilities as of December 31, 2014 and 2015. Less Dividends Equity, December 31, 2015 37200 140,920 $ December 31 Accounts receivable Office supplies Omice equipment Trucks Building Land Accounts payable Note payable 2014 2015 46.165 $ 7544 25,059 19,646 3.953 2,895 121341 129.251 47482 56,482 158,286 39 500 65,880 32,675 0 97786 References eBook & Rolmurces Worksheet Learning Objective 02 At Analyze the impact of transactions on accounts and financial statements Late in December 2015, the business purchased a small office building and land for $197786 I paid $100.000 cash toward the purchase and a $97.786 note payable was signed for the balance M Nettie had to invest $36.000 cash in the business in exchange for common stock to enable it to pay the $100.000 cash The business also pays $3000 cash per month for dividends Difficulty: 3 Hard Learning Objective: 02-A2 Compute the debt ratio and describe its use in analyzing financial condition Check my work
