Vertical analysis Amazon com, Inc is the largest Internet retailer in the United States Amazons income statements through operating income for two recent years are as follows (in millions) Amazon com, Inc Operating Income Statements For the Years Ended December 31 (in millions) Year 2 Year 1 Product sales $141,915 $118,573 Service sales 90,972 59,293 Total sales $232,887 $177,866 Cost of sales $139,156 $111,934 Fulfillment 34,027 25,249 Marketing 13,814 10,069 Technology and content 28,837 22,620 General and administrative 4,336 3,674 Other operating expense, net 296 214 Total operating expenses $220,466 $173,760 Operating income $12,421 $4,106 Required a Prepare a vertical analysis of the two operating income statements Round percentages to one decimal place Amazon com, Inc Operating Income Statements For the Years Ended December 31 (in millions) Year 2 Year 1 Amount Percent Amount Percent Product sales $fill in the blank 31a14ffb8054fc4 1 fill in the blank 31a14ffb8054fc4 2 $fill in the blank 31a14ffb8054fc4 3 fill in the blank 31a14ffb8054fc4 4 Service sales fill in the blank 31a14ffb8054fc4 5 fill in the blank 31a14ffb8054fc4 6 fill in the blank 31a14ffb8054fc4 7 fill in the blank 31a14ffb8054fc4 8 Total sales $fill in the blank 31a14ffb8054fc4 9 fill in the blank 31a14ffb8054fc4 10 $fill in the blank 31a14ffb8054fc4 11 fill in the blank 31a14ffb8054fc4 12 Cost of sales $fill in the blank 31a14ffb8054fc4 13 fill in the blank 31a14ffb8054fc4 14 $fill in the blank 31a14ffb8054fc4 15 fill in the blank 31a14ffb8054fc4 16 Fulfillment fill in the blank 31a14ffb8054fc4 17 fill in the blank 31a14ffb8054fc4 18 fill in the blank 31a14ffb8054fc4 19 fill in the blank 31a14ffb8054fc4 20 Marketing fill in the blank 31a14ffb8054fc4 21 fill in the blank 31a14ffb8054fc4 22 fill in the blank 31a14ffb8054fc4 23 fill in the blank 31a14ffb8054fc4 24 Technology and content fill in the blank 31a14ffb8054fc4 25 fill in the blank 31a14ffb8054fc4 26 fill in the blank 31a14ffb8054fc4 27 fill in the blank 31a14ffb8054fc4 28 General and administrative fill in the blank 31a14ffb8054fc4 29 fill in the blank 31a14ffb8054fc4 30 fill in the blank 31a14ffb8054fc4 31 fill in the blank 31a14ffb8054fc4 32 Other operating expense, net fill in the blank 31a14ffb8054fc4 33 fill in the blank 31a14ffb8054fc4 34 fill in the blank 31a14ffb8054fc4 35 fill in the blank 31a14ffb8054fc4 36 Total operating expenses $fill in the blank 31a14ffb8054fc4 37 fill in the blank 31a14ffb8054fc4 38 $fill in the blank 31a14ffb8054fc4 39 fill in the blank 31a14ffb8054fc4 40 Operating income $fill in the blank 31a14ffb8054fc4 41 fill in the blank 31a14ffb8054fc4 42 $fill in the blank 31a14ffb8054fc4 43 fill in the blank 31a14ffb8054fc4 44 2) Adjusting Entries and Adjusted Trial Balances Emerson Company is a small editorial services company owned and operated by Suzanne Emerson On October 31, 20Y6, Emerson Company's accounting clerk prepared the following unadjusted trial balance Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 3,830 Accounts Receivable 34,730 Prepaid Insurance 6,470 Supplies 1,770 Land 102,120 Building 264,200 Accumulated DepreciationBuilding 124,780 Equipment 122,720 Accumulated DepreciationEquipment 88,880 Accounts Payable 10,890 Unearned Rent 6,180 Suzanne Emerson, Capital 280,100 Suzanne Emerson, Drawing 13,540 Fees Earned 294,290 Salaries and Wages Expense 175,400 Utilities Expense 38,550 Advertising Expense 20,600 Repairs Expense 15,600 Miscellaneous Expense 5,590 805,120 805,120 The data needed to determine year end adjustments are as follows Required Unexpired insurance at October 31, $4,330 Supplies on hand at October 31, $530 Depreciation of building for the year, $2,870 Depreciation of equipment for the year, $2,490 Unearned rent at October 31, $1,610 Accrued salaries and wages at October 31, $2,810 Fees earned but unbilled on October 31, $16,480 1 Journalize the adjusting entries using the following additional accounts Salaries and Wages Payable Rent Revenue Insurance Expense Depreciation ExpenseBuilding Depreciation ExpenseEquipment and Supplies Expense If an amount box does not require an entry, leave it blank 20Y6 Oct 31 fill in the blank ae6378f91074034 2 fill in the blank ae6378f91074034 3 fill in the blank ae6378f91074034 5 fill in the blank ae6378f91074034 6 31 fill in the blank ae6378f91074034 8 fill in the blank ae6378f91074034 9 fill in the blank ae6378f91074034 11 fill in the blank ae6378f91074034 12 31 fill in the blank ae6378f91074034 14 fill in the blank ae6378f91074034 15 fill in the blank ae6378f91074034 17 fill in the blank ae6378f91074034 18 31 fill in the blank ae6378f91074034 20 fill in the blank ae6378f91074034 21 fill in the blank ae6378f91074034 23 fill in the blank ae6378f91074034 24 31 fill in the blank ae6378f91074034 26 fill in the blank ae6378f91074034 27 fill in the blank ae6378f91074034 29 fill in the blank ae6378f91074034 30 31 fill in the blank ae6378f91074034 32 fill in the blank ae6378f91074034 33 fill in the blank ae6378f91074034 35 fill in the blank ae6378f91074034 36 31 fill in the blank ae6378f91074034 38 fill in the blank ae6378f91074034 39 fill in the blank ae6378f91074034 41 fill in the blank ae6378f91074034 42 2 Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance If an amount box does not require an entry, leave it blank Emerson Company Adjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances fill in the blank 3089adff2fcdf92 2 fill in the blank 3089adff2fcdf92 3 fill in the blank 3089adff2fcdf92 5 fill in the blank 3089adff2fcdf92 6 fill in the blank 3089adff2fcdf92 8 fill in the blank 3089adff2fcdf92 9 fill in the blank 3089adff2fcdf92 11 fill in the blank 3089adff2fcdf92 12 fill in the blank 3089adff2fcdf92 14 fill in the blank 3089adff2fcdf92 15 fill in the blank 3089adff2fcdf92 17 fill in the blank 3089adff2fcdf92 18 fill in the blank 3089adff2fcdf92 20 fill in the blank 3089adff2fcdf92 21 fill in the blank 3089adff2fcdf92 23 fill in the blank 3089adff2fcdf92 24 fill in the blank 3089adff2fcdf92 26 fill in the blank 3089adff2fcdf92 27 fill in the blank 3089adff2fcdf92 29 fill in the blank 3089adff2fcdf92 30 fill in the blank 3089adff2fcdf92 32 fill in the blank 3089adff2fcdf92 33 fill in the blank 3089adff2fcdf92 35 fill in the blank 3089adff2fcdf92 36 fill in the blank 3089adff2fcdf92 38 fill in the blank 3089adff2fcdf92 39 fill in the blank 3089adff2fcdf92 41 fill in the blank 3089adff2fcdf92 42 fill in the blank 3089adff2fcdf92 44 fill in the blank 3089adff2fcdf92 45 fill in the blank 3089adff2fcdf92 47 fill in the blank 3089adff2fcdf92 48 fill in the blank 3089adff2fcdf92 50 fill in the blank 3089adff2fcdf92 51 fill in the blank 3089adff2fcdf92 53 fill in the blank 3089adff2fcdf92 54 fill in the blank 3089adff2fcdf92 56 fill in the blank 3089adff2fcdf92 57 fill in the blank 3089adff2fcdf92 59 fill in the blank 3089adff2fcdf92 60 fill in the blank 3089adff2fcdf92 62 fill in the blank 3089adff2fcdf92 63 fill in the blank 3089adff2fcdf92 65 fill in the blank 3089adff2fcdf92 66 fill in the blank 3089adff2fcdf92 68 fill in the blank 3089adff2fcdf92 69 fill in the blank 3089adff2fcdf92 71 fill in the blank 3089adff2fcdf92 72 fill in the blank 3089adff2fcdf92 74 fill in the blank 3089adff2fcdf92 75 fill in the blank 3089adff2fcdf92 76 fill in the blank 3089adff2fcdf92 77

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2024

Vertical analysis Amazon.com, Inc. is the largest Internet retailer in the United States. Amazons income statements through operating income for two recent years are as

Vertical analysis Amazon.com, Inc. is the largest Internet retailer in the United States. Amazons income statements through operating income for two recent years are as follows (in millions): Amazon.com, Inc. Operating Income Statements For the Years Ended December 31 (in millions) Year 2 Year 1 Product sales $141,915 $118,573 Service sales 90,972 59,293 Total sales $232,887 $177,866 Cost of sales $139,156 $111,934 Fulfillment 34,027 25,249 Marketing 13,814 10,069 Technology and content 28,837 22,620 General and administrative 4,336 3,674 Other operating expense, net 296 214 Total operating expenses $220,466 $173,760 Operating income $12,421 $4,106 Required: a. Prepare a vertical analysis of the two operating income statements. Round percentages to one decimal place. Amazon.com, Inc. Operating Income Statements For the Years Ended December 31 (in millions) Year 2 Year 1 Amount Percent Amount Percent Product sales $fill in the blank 31a14ffb8054fc4_1 fill in the blank 31a14ffb8054fc4_2 % $fill in the blank 31a14ffb8054fc4_3 fill in the blank 31a14ffb8054fc4_4 % Service sales fill in the blank 31a14ffb8054fc4_5 fill in the blank 31a14ffb8054fc4_6 % fill in the blank 31a14ffb8054fc4_7 fill in the blank 31a14ffb8054fc4_8 % Total sales $fill in the blank 31a14ffb8054fc4_9 fill in the blank 31a14ffb8054fc4_10 % $fill in the blank 31a14ffb8054fc4_11 fill in the blank 31a14ffb8054fc4_12 % Cost of sales $fill in the blank 31a14ffb8054fc4_13 fill in the blank 31a14ffb8054fc4_14 % $fill in the blank 31a14ffb8054fc4_15 fill in the blank 31a14ffb8054fc4_16 % Fulfillment fill in the blank 31a14ffb8054fc4_17 fill in the blank 31a14ffb8054fc4_18 % fill in the blank 31a14ffb8054fc4_19 fill in the blank 31a14ffb8054fc4_20 % Marketing fill in the blank 31a14ffb8054fc4_21 fill in the blank 31a14ffb8054fc4_22 % fill in the blank 31a14ffb8054fc4_23 fill in the blank 31a14ffb8054fc4_24 % Technology and content fill in the blank 31a14ffb8054fc4_25 fill in the blank 31a14ffb8054fc4_26 % fill in the blank 31a14ffb8054fc4_27 fill in the blank 31a14ffb8054fc4_28 % General and administrative fill in the blank 31a14ffb8054fc4_29 fill in the blank 31a14ffb8054fc4_30 % fill in the blank 31a14ffb8054fc4_31 fill in the blank 31a14ffb8054fc4_32 % Other operating expense, net fill in the blank 31a14ffb8054fc4_33 fill in the blank 31a14ffb8054fc4_34 % fill in the blank 31a14ffb8054fc4_35 fill in the blank 31a14ffb8054fc4_36 % Total operating expenses $fill in the blank 31a14ffb8054fc4_37 fill in the blank 31a14ffb8054fc4_38 % $fill in the blank 31a14ffb8054fc4_39 fill in the blank 31a14ffb8054fc4_40 % Operating income $fill in the blank 31a14ffb8054fc4_41 fill in the blank 31a14ffb8054fc4_42 % $fill in the blank 31a14ffb8054fc4_43 fill in the blank 31a14ffb8054fc4_44 %

Adjusting Entries and Adjusted Trial Balances

Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 20Y6, Emerson Company's accounting clerk prepared the following unadjusted trial balance:

Emerson Company
Unadjusted Trial Balance
October 31, 20Y6
	Debit Balances	Credit Balances
Cash	3,830
Accounts Receivable	34,730
Prepaid Insurance	6,470
Supplies	1,770
Land	102,120
Building	264,200
Accumulated DepreciationBuilding		124,780
Equipment	122,720
Accumulated DepreciationEquipment		88,880
Accounts Payable		10,890
Unearned Rent		6,180
Suzanne Emerson, Capital		280,100
Suzanne Emerson, Drawing	13,540
Fees Earned		294,290
Salaries and Wages Expense	175,400
Utilities Expense	38,550
Advertising Expense	20,600
Repairs Expense	15,600
Miscellaneous Expense	5,590
	805,120	805,120

The data needed to determine year-end adjustments are as follows:

Required:

Unexpired insurance at October 31, $4,330.
Supplies on hand at October 31, $530.
Depreciation of building for the year, $2,870.
Depreciation of equipment for the year, $2,490.
Unearned rent at October 31, $1,610.
Accrued salaries and wages at October 31, $2,810.
Fees earned but unbilled on October 31, $16,480.

1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation ExpenseBuilding; Depreciation ExpenseEquipment; and Supplies Expense. If an amount box does not require an entry, leave it blank.

20Y6 Oct. 31	fill in the blank ae6378f91074034_2	fill in the blank ae6378f91074034_3
	fill in the blank ae6378f91074034_5	fill in the blank ae6378f91074034_6
31	fill in the blank ae6378f91074034_8	fill in the blank ae6378f91074034_9
	fill in the blank ae6378f91074034_11	fill in the blank ae6378f91074034_12
31	fill in the blank ae6378f91074034_14	fill in the blank ae6378f91074034_15
	fill in the blank ae6378f91074034_17	fill in the blank ae6378f91074034_18
31	fill in the blank ae6378f91074034_20	fill in the blank ae6378f91074034_21
	fill in the blank ae6378f91074034_23	fill in the blank ae6378f91074034_24
31	fill in the blank ae6378f91074034_26	fill in the blank ae6378f91074034_27
	fill in the blank ae6378f91074034_29	fill in the blank ae6378f91074034_30
31	fill in the blank ae6378f91074034_32	fill in the blank ae6378f91074034_33
	fill in the blank ae6378f91074034_35	fill in the blank ae6378f91074034_36
31	fill in the blank ae6378f91074034_38	fill in the blank ae6378f91074034_39
	fill in the blank ae6378f91074034_41	fill in the blank ae6378f91074034_42

2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.

Emerson Company
Adjusted Trial Balance
October 31, 20Y6
	Debit Balances	Credit Balances
	fill in the blank 3089adff2fcdf92_2	fill in the blank 3089adff2fcdf92_3
	fill in the blank 3089adff2fcdf92_5	fill in the blank 3089adff2fcdf92_6
	fill in the blank 3089adff2fcdf92_8	fill in the blank 3089adff2fcdf92_9
	fill in the blank 3089adff2fcdf92_11	fill in the blank 3089adff2fcdf92_12
	fill in the blank 3089adff2fcdf92_14	fill in the blank 3089adff2fcdf92_15
	fill in the blank 3089adff2fcdf92_17	fill in the blank 3089adff2fcdf92_18
	fill in the blank 3089adff2fcdf92_20	fill in the blank 3089adff2fcdf92_21
	fill in the blank 3089adff2fcdf92_23	fill in the blank 3089adff2fcdf92_24
	fill in the blank 3089adff2fcdf92_26	fill in the blank 3089adff2fcdf92_27
	fill in the blank 3089adff2fcdf92_29	fill in the blank 3089adff2fcdf92_30
	fill in the blank 3089adff2fcdf92_32	fill in the blank 3089adff2fcdf92_33
	fill in the blank 3089adff2fcdf92_35	fill in the blank 3089adff2fcdf92_36
	fill in the blank 3089adff2fcdf92_38	fill in the blank 3089adff2fcdf92_39
	fill in the blank 3089adff2fcdf92_41	fill in the blank 3089adff2fcdf92_42
	fill in the blank 3089adff2fcdf92_44	fill in the blank 3089adff2fcdf92_45
	fill in the blank 3089adff2fcdf92_47	fill in the blank 3089adff2fcdf92_48
	fill in the blank 3089adff2fcdf92_50	fill in the blank 3089adff2fcdf92_51
	fill in the blank 3089adff2fcdf92_53	fill in the blank 3089adff2fcdf92_54
	fill in the blank 3089adff2fcdf92_56	fill in the blank 3089adff2fcdf92_57
	fill in the blank 3089adff2fcdf92_59	fill in the blank 3089adff2fcdf92_60
	fill in the blank 3089adff2fcdf92_62	fill in the blank 3089adff2fcdf92_63
	fill in the blank 3089adff2fcdf92_65	fill in the blank 3089adff2fcdf92_66
	fill in the blank 3089adff2fcdf92_68	fill in the blank 3089adff2fcdf92_69
	fill in the blank 3089adff2fcdf92_71	fill in the blank 3089adff2fcdf92_72
	fill in the blank 3089adff2fcdf92_74	fill in the blank 3089adff2fcdf92_75
	fill in the blank 3089adff2fcdf92_76	fill in the blank 3089adff2fcdf92_77