I have figured and finished everything except the bottom section. i have also set up a T-Chart for Materials, Work in Process, but i have done it incorrectly.
here is a repost of the illegeble picture.
Hary Problem med seg Aro Allercheron Hestawienia code Hans Fall Set wat the wordt in echter Manel NA Ae Now ALLOW Pr P Cost N Fay we C Y WE AN A Te AS A AN AN AN Tes i EUIL PLETE SIS Yes IDE SSS AN A Yes Outdoor amador Sample For the date. 12 216 Cat DO 11 ( Cotto ( . DO 103 OCH M Be Income Statement B Sample Company B Income Statement For the Year Ended December 31, 2018 Sales $42,000 35,250 6,400 Beginning inventory Net purchases Inventory available for sale Ending Inventory Cost of goods sold $11,650 (400) (11,250) Gross profit $30,750 56,400 Operating expenses: Selling expenses Administrative expenses Total operating expenses 5,250 (11,650) $19,100 Net Income Balance Sheet C Sample Company C Balance Sheet December 31, 2018 Assets Cash Accounts receivable (net) triventory Supplies $20,000 10.000 6,000 2.100 17,000 Land Total assets $55.900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Check My Work Stockholders' Equity $19,000 Common stock Retained earnings 19,100 Total stockholders' equity 38,100 Total liabilities and stockholders' equity $55,900 Balance Sheet D Sample Company D Balance Sheet December 31, 20Y8 Assets Cash $20,800 Accounts receivable (net) 10,000 Inventory: Direct materials $2,500 Work in process 1,500 Finished goods 2,000 6,000 Total inventory Supplies 2,100 Land 17,000 Total assets $55,900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Retained earnings 19.100 Total stockholders' equity 38,100 Total liabilities and stockholders' equity $55,900 Which income statement is most appropriate for a manufacturing business? Income statement A Which balance sheet is most appropriate for a manufacturing business? wiatr w The Could Mehh . Testament www.chieste tweede Datory De Het DOC w PUN w NE of Cest OH 0001 11 COM VEL Income Statement B Sample Company B Income Statement For the Year Ended December 31, 2048 Sales $42,000 $5,250 6,400 $11,650 (400) (11,250) Beginning inventory Net purchases Inventory available for sale Ending inventory Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Net income $30,750 > $6,400 5,250 (11,650) $19,100 Balance Sheetc Sample Company C Balance Sheet December 31, 2048 Assets $20,800 10,000 Cash Accounts receivable (net) Inventory Supplies 6,000 2,100 17,000 Land Total assets 355,900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Check My Work Hary Problem med seg Aro Allercheron Hestawienia code Hans Fall Set wat the wordt in echter Manel NA Ae Now ALLOW Pr P Cost N Fay we C Y WE AN A Te AS A AN AN AN Tes i EUIL PLETE SIS Yes IDE SSS AN A Yes Outdoor amador Sample For the date. 12 216 Cat DO 11 ( Cotto ( . DO 103 OCH M Be Income Statement B Sample Company B Income Statement For the Year Ended December 31, 2018 Sales $42,000 35,250 6,400 Beginning inventory Net purchases Inventory available for sale Ending Inventory Cost of goods sold $11,650 (400) (11,250) Gross profit $30,750 56,400 Operating expenses: Selling expenses Administrative expenses Total operating expenses 5,250 (11,650) $19,100 Net Income Balance Sheet C Sample Company C Balance Sheet December 31, 2018 Assets Cash Accounts receivable (net) triventory Supplies $20,000 10.000 6,000 2.100 17,000 Land Total assets $55.900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Check My Work Stockholders' Equity $19,000 Common stock Retained earnings 19,100 Total stockholders' equity 38,100 Total liabilities and stockholders' equity $55,900 Balance Sheet D Sample Company D Balance Sheet December 31, 20Y8 Assets Cash $20,800 Accounts receivable (net) 10,000 Inventory: Direct materials $2,500 Work in process 1,500 Finished goods 2,000 6,000 Total inventory Supplies 2,100 Land 17,000 Total assets $55,900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Retained earnings 19.100 Total stockholders' equity 38,100 Total liabilities and stockholders' equity $55,900 Which income statement is most appropriate for a manufacturing business? Income statement A Which balance sheet is most appropriate for a manufacturing business? wiatr w The Could Mehh . Testament www.chieste tweede Datory De Het DOC w PUN w NE of Cest OH 0001 11 COM VEL Income Statement B Sample Company B Income Statement For the Year Ended December 31, 2048 Sales $42,000 $5,250 6,400 $11,650 (400) (11,250) Beginning inventory Net purchases Inventory available for sale Ending inventory Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Net income $30,750 > $6,400 5,250 (11,650) $19,100 Balance Sheetc Sample Company C Balance Sheet December 31, 2048 Assets $20,800 10,000 Cash Accounts receivable (net) Inventory Supplies 6,000 2,100 17,000 Land Total assets 355,900 Liabilities Accounts payable $17,800 Stockholders' Equity Common stock $19,000 Check My Work
