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The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash Retained Earnings Advertising Expense Cost

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The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash Retained Earnings Advertising Expense Cost of Goods Sold Rental Revenue Accounts Payable Common Stock Accumulated Depreciation $17,000 Accounts Receivable Income Tax Expense Inventory Wage Expense Sales Revenue Trademark Buildings and Land $29,000 $66,000 Cat January 1, 2019) $17,000 $36,000 $11,000 $38,000 $72,000 $45,000 $14,000 $51,000 $12,000 $93,000 $10,000 $83,000 Calculate the amount of net income earned by ABC Company in the m onth of January The following information is available for Buckeye Company anuar December 18 Cash Land Notes payable Retained earnings Accumulated depreciation Supplies Accounts receivable Equipment Accounts payable Common stock Inventory $25,000 40,000 29,000 33,000 4,000 8,000 16,000 20,000 11,000 40,000 18,000 $30,000 42,000 45,000 58,000 7,000 10,000 17,000 26,000 40,000 42,000 During 2018, Buckeye Company reported sales revenue of $89,000, sa laries expense of $22,000, rent expense of $17,000, and cost of goods sold. Bucke ye Company paid $9,000 of dividends during 2018. (Note the amount of cost o f goods sold has been intentionally omitted from this problem) Calculate the amount of net income earned by Buckeye Company duri ng 2018 Classitfy the following accounts according to the appropriate financial statement category. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on It and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices. accounts receivable VI Choose ] equity expense asset liability revenue dividend revenue retained earnings [Choose] patent I Choose ] cost of goods sold [Choose ]

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