E1 Accounting equation and income statement Staples, Inc. ) islading of the p a Canada Asia and South A The werede ancial stat e s h en data 510 Totales 5.00 SOS Cost of goods sold Operating expenses Otherine 5.518 D in the missing data indicated for Using the income data for and an determine the E1-10 Balance sheet items From the following list of selected hems taken from the records of p op Sandals Incas of a specific date, identify those that would appear on the balance sheet 1 Accounts Receivable 2. Common Stock 4. Fees Eamed 5. Rent Expense Scopene E1-11 Income statement items Based on the data presented in Exercise 1-10, identify those the income statement. that would appear on d E1-12 Financial statement items Identify each the wings an penso e) a dividend 1. Amount due to customers . Foment 2. Amount owed sul Nuevo 3. Cash on hand and for the Cash paid to stockholders Sales.com 5. Cash sales 10 W om E1-13 Statement of stockholders' equity Financial information related to Webber Company for the moth ended unes, 2017 as follows: Common Stock. June 1, 2017 550.000 Stock issued in June Net Income forume 175.000 Dividends during 500 Retained earnings June 2017 Prepare a statement of stockholders' equity for the month ended June 30, 2017 E1-14 Income statement Maynard Services was organized on August 1, 2015. A summary of the revenue and pense transactions for August follows: Fees earned 53.400.000 Wages expense 2.150.000 Miscellaneous expense 55.000 Rent expense Supplies expense 30 000 Prepare an income statement for the month ended August 31. E1-15 Missing amounts from balance sheet and income statement data One item is omitted in each of the following summaries of balance sheet and income state ment data for four different corporations, AL CO, KS, and Mr. ALCOS MIT Raine E1 - 10 Balance sheet items From the following list of selected items taken from the records of Flip Flop Sandals INC. as of a specific date, identify those that would appear on the balance sheet. 1. Accounting Receivable 2. Common Stock 3. Cash 4. Fees Earned 5. Rent Expense 6. Salaries Expense 7. Salaries Payable 8. Supplies 9. Supplies Expense 10. Utilities Expense E1 - 11 Income statement items Based on the data presented in Exercise 1-10, identity those items that would appear on the income statement. E1 - 12. Financial statement items Identity each of the following items as (a) an assets. (b) a liability, (c) revenue, (d) an expense, or (e) a dividend. 1. Amounts due from customers 2. Amounts owed suppliers 3. Cash on hand 4. Cash paid to stockholders 5. Cash sales 6. Equipment 7. Note payable owed to the bank 8. Rent paid for the month 9. Sales commissions paid to sale- person 10. Wages paid to employers
