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Selected data for three companies are given below. All inventory amounts are ending balances. Company X Accounts Receivable 16,400 Administrative Expenses 14,200 Cash 26,000
Selected data for three companies are given below. All inventory amounts are ending balances. Company X Accounts Receivable 16,400 Administrative Expenses 14,200 Cash 26,000 Cost of Goods Sold 45,400 Equipment 51,700 Merchandise Inventory 7,300 Sales Revenue 92,600 Selling Expenses 20,200 Company Y Accounts Receivable 11,500 Cash 7,300 Equipment 46,100 Rent Expense 5,500 Service Revenue 35,500 Utilities Expense 2,450 Wages Expense 10,900 Company Z Accounts Receivable 26,500 Administrative Expenses 42,200 Cash 27,800 Cost of Goods Manufactured 110,200 Cost of Goods Sold 97,400 Equipment 259,700 Finished Goods Invetory 10,800 Raw Materials Inventory 7,600 Sales Revenue 225,400 Selling Expenses 50,900 Work-in-Process Inventory 6,100 Using the dato ak Using the data above, indentify each company as a Service Company, Merchandising Company, or Manufacturing Company and complete an Income Statement for each company. Company X Type of Company Company X Income Statement Company Y Type of Company 0 0 0 Company Y Income Statement 0 0 o Type of Company Y Income Statement 0 Company Z Type of Company Company Z Income Statement Submit All Parts O 0 O D Work-in-Process Inventory 6,100 Using the data above, indentify each company as a Service Compan- or Manufacturing Company and complete an Income Statement for e Company X Type of Company In Company Y Type of Company Service Merchandising Manufacturing 0 Raw Material 400 Administrative Expense 900 100 Cash Cost of Goods Manufactured Cost of Goods Sold Equipment company as a Service Company, Merchandising Comp plete an Income Statement for each company. Finished Goods Inventoryt Gross Profit Merchandise Inventory OPERATING EXPENSES: OPERATING INCOME Raw Materials Rent Expense Sales Revenue Selling Expense Service Revenue TOTAL OPERATING EXPENSES Utilities Expense ht Wages Expense Work-in-Process Inventory
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