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The following information for Rogers Enterprises is available at December 31, 2019, and includes all of Rogers' financial statement amounts except retained earnings: Accounts receivable
The following information for Rogers Enterprises is available at December 31, 2019, and includes all of Rogers' financial statement amounts except retained earnings:
Accounts receivable | $72,920 |
Cash | 13,240 |
Common stock (10,000 shares) | 79,700 |
Income taxes expense | 12,600 |
Income taxes payable | 4,150 |
Interest expense | 15,200 |
Notes payable (due in 10 years) | 25,000 |
Prepaid rent (building) | 31,500 |
Property, plant, and equipment | 90,000 |
Rent expense | 135,000 |
Retained earnings | ? |
Salaries expense | 235,200 |
Salaries payable | 14,500 |
Service revenue | 464,000 |
Supplies | 41,000 |
Supplies expense | 33,300 |
Required:
Prepare a single-step income statement for the year ending December 31, 2019, for Rogers.
Rogers Enterprises | ||
Income Statement | ||
For the Year Ended December 31, 2019 | ||
Revenues: | ||
Service revenue | $fill in the blank 87103904bffdfba_2 | |
Expenses: | ||
Salaries expense | $fill in the blank 87103904bffdfba_4 | |
Rent expense | fill in the blank 87103904bffdfba_6 | |
Supplies expense | fill in the blank 87103904bffdfba_8 | |
Interest expense | fill in the blank 87103904bffdfba_10 | |
Income taxes expense | fill in the blank 87103904bffdfba_12 | fill in the blank 87103904bffdfba_13 |
Net income | $fill in the blank 87103904bffdfba_14 |
Prepare a classified balance sheet for the year ending December 31, 2019, for Rogers.
Rogers Enterprises | ||
Balance Sheet | ||
December 31, 2019 | ||
Assets | ||
Current assets: | ||
Cash | $fill in the blank 4b7a78fd300801b_2 | |
Accounts receivable | fill in the blank 4b7a78fd300801b_4 | |
fill in the blank 4b7a78fd300801b_6 | ||
fill in the blank 4b7a78fd300801b_8 | ||
Total current assets | $fill in the blank 4b7a78fd300801b_9 | |
fill in the blank 4b7a78fd300801b_11 | ||
Total assets | $fill in the blank 4b7a78fd300801b_12 | |
Liabilities | ||
Current liabilities: | ||
$fill in the blank 4b7a78fd300801b_14 | ||
fill in the blank 4b7a78fd300801b_16 | ||
Total current liabilities | $fill in the blank 4b7a78fd300801b_17 | |
Long-term liabilities: | ||
fill in the blank 4b7a78fd300801b_19 | ||
Total liabilities | $fill in the blank 4b7a78fd300801b_20 | |
Stockholders' Equity | ||
Stockholders' equity: | ||
$fill in the blank 4b7a78fd300801b_22 | ||
fill in the blank 4b7a78fd300801b_24 | ||
Total stockholders' equity | fill in the blank 4b7a78fd300801b_25 | |
Total liabilities and stockholders' equity | $fill in the blank 4b7a78fd300801b_26 |
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