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I need help putting in the right accounts in the income statement, I have already tried a few. Waterways Continuing Problem 15 Waterways Corporation is

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I need help putting in the right accounts in the income statement, I have already tried a few.

Waterways Continuing Problem 15 Waterways Corporation is a private corporation tormed for the purpose or providing the products and the services needed to inrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.s. city that manufactures the products i markets to retail outlets across the natian. It also maintains a divisin that performs installation and warranty servicing in six metropclitan arees. e mission of waterways is to manuracture quality parts that can be used ror effective Inigation protects that also conserve water. By that effort tne company hopes to satisty its customers pertomm rapid and esponsible service and serve the community and the employees who represent them in each community. The company has been growing rapidly, so management is considering naw ldeas to help the company continue Its growth and malntaln the high quality of its products. w aterways was cunded b wi wr kmar, who ist e com am pre dent and chief executive n er CEO w ar ng with hirn rm the crmparY's nce tion s wi s brn her Hen, whose sprinkler designs and ideas an ut the installat an a pr er s tems ha e een a ma ar basis of the company's success. Ben Is the vice president who oversees all aspects of design and production In the company. The factory itself is mataged by Todd Senter wha hires his ine managers to supervse the factory emplayers. The factary makte parts far the irrigation systems. The purchasing department s manageed by Helen Hines. The installation and training divisicn is overseen by vice president Henry witer, who supervises the managers or the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office unnder Henry Writer's diretticn tecause af the uniqueness of the campay's products There is a s all human resources department under e direction or sall Fenton, a vice resident who handles the employee paperwork, though hiring is actually pe tor med by the separate departments. Teresa Totter is the vice president who heads the sales and arketing area; she aversers 10 well-trairned salespeople. The accounting and tinance dvision t the company is run by Ann Headman, who is the chiet inancial otricer (CFO) and a company vice president. She is a member ot the Instiue o Management Accountants and holds a certiticate in management accounting. She has a A partial list ot Waterways' accounts and their balances for the month of Nowember 2016 follows. Accounts Reccivable Advertising Expenses Cash Depreciation-Factory Equipment Direct Labor Factory Supplies Used Factary Ubilities Finished Goods Inventory, November 1 Finishied Gouds Inventary, Naveber 30 Indirect Labor $275,000 4,000 260,000 16,800 2,400 42,000 16,800 10,200 72,550 64,800 43,000 ceSuplies Experise Other Administrative Expenses Preid Expenses Raw Materials Inventory, Nowember I a Matrials Inventery, Nowember 30 Raw Materals Purchases Rent -Hactory Equpment Repairs-Factory Equipment 8,000 184,500 Sales Revenue Sales Commissions Work in Process Inventory, November 1 Wark in Process Inverntory, Novnber 30 1,350,000 4,500 52,700 Your answer is correct. A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule WATERWAYS CORPORATION Cost of Goods Manufactured Schedule For the Month of November, 2016 $2,700 ork in Process Inventory, November 1 irect Material aw Materials Inventoy, November 1 aw Material Purchase otal Raw Materials Available for Use ess: TRaw Materials Inventory. November 3 irect Materials Used irect Labo anufacturing Overhead ndirect Labo actory Utilitie $138,000 84,500 22,500 2,700 2,000 8,000 10,200! 6,800 500 747,000! 6,800 Factory Supplies Us epairs-Factory Equipmen nt-Factory Equipmen epreciation-Factory Equipmen otal Factory Overhea otal Manufacturing Cost otal Cost of Work in Proces 43,300 55,100 07,800 2,00 65,800 ess Work in Process Inventory, November 30 st of Goods Manufactured Your answer is partially correct. Try again A list of accounts and their values are given above. From this information, prepare an income statement. WATERWAYS CORPORATION Income Statement or the Month of November 201 Sales Cost of Goods Solo inished Goods Inventory. November Cost of Goods Manufactured Cost of Goods Available for Sale ess Finished Goods Inventory, November 3 0 Gross Profi ost of Goods Sold Your answer is incorrect. Try again. list of accounts and their values are given above. From this information, prepare the current assets section of the balance sheet for Waterways Corporation for the month of November 2016. (List Current Assets in order of liquidity.)

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