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If the picture is not clear, which one? I have posted 2 in which are clear to me. Thanks. P4-7 Part 2 2-a. Prepare an

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If the picture is not clear, which one? I have posted 2 in which are clear to me. Thanks.

P4-7 Part 2 2-a. Prepare an income statement that include the effects of the preceding five transactions. (Round "Earnings per share" to 2 decimal places.) Answer is not complete. Total Asset Turnover Choose Numerator: 1 Choose Denominator: Total Asset Turnover Total asset turnover Sales Average total assets = 7 7 0 2-b. Prepare a classified balance sheet that include the effects of the preceding five transactions. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. TUNSTALL, INC. Balance Sheet Assets Current assets At December 31 of the Current Year Liabilities and stockholders' equity Current liablities $ Accounts payable 46,500 11,200 Wages payable 240 Income taxes payable Cash $ 2,350 OOOO Accounts receivable Supplies 0000 OOO 570 5,480 OOO $ 57,940 Total current liabilities $ Total current assets Service trucks 8,400 14,000 Notes payable, long-term Other assets 9,560 $ 22,400 Total liabilities Stockholders' equity Additional paid-in capital Retained earnings 19,760 X OOI Total stockholders' equity Total liabilities and stockholders' equity $ $ 19,760 42,160 Total assets $ 67,500 Required information P4-7 (Algo) Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share L04-1, 4-2, 4-4 [The following information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46,500 11,200 450 660 16,500 8,100 9,560 2,350 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (5,400 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense 14,000 1,976 17,784 4,500 85,690 16,200 33,330 Totals 134,400 134,400 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $240 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $660. c. Depreciation expense for the current year, $3,500. d. Wages earned by employees not yet paid on December 31, $570. e. Income tax expense, $5,480. P4-7 Part 3 3. Record the closing entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record closing entry to transfer revenues and expenses to retained earnings. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 85,690 Remaining expenses (not detailed) Retained earnings 33,330 52,360 Record entry Clear entry View general journal Search D Required information P4-7 (Algo) Recording Adjusting and Closing Entries and Preparing a Balance Sheet and Income Statement Including Earnings per Share L04-1, 4-2, 4-4 The following information applies to the questions displayed below) Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46,500 11.200 450 660 16,500 3.100 9.550 2.350 Cash Accounts receivable sopplies Prepaid in arance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-ter Common stock (3,400 shares outstanding) Additional paid in capital Retained earnings Service revenge Wagen expense Remaining expenses (not detailed; exeluden Income tax) Income tax expense Totals 14.000 1.976 12,784 4,500 85,690 16,200 33,330 134,400 134,400 + Data not yet recorded at December 31 included: a The supplies count on December 31 reflected $240 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $660. C. Depreciation expense for the current year. $3,500. d. Wages earned by employees not yet paid on December 31, $570. e Income tax expense. $5,480

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