Question
You are provided with the following information for Windsor, Inc., effective as of its April 30, 2017, year-end. Accounts payable $ 874 Accounts receivable 940
You are provided with the following information for Windsor, Inc., effective as of its April 30, 2017, year-end.
Accounts payable | $ 874 | |
Accounts receivable | 940 | |
Accumulated depreciationequipment | 670 | |
Cash | 1,400 | |
Common stock | 1,290 | |
Cost of goods sold | 1,100 | |
Depreciation expense | 295 | |
Dividends | 365 | |
Equipment | 2,550 | |
Income tax expense | 205 | |
Income taxes payable | 175 | |
Insurance expense | 250 | |
Interest expense | 440 | |
Inventory | 1,097 | |
Land | 3,230 | |
Mortgage payable | 3,630 | |
Notes payable | 191 | |
Prepaid insurance | 100 | |
Retained earnings (beginning) | 1,600 | |
Salaries and wages expense | 660 | |
Salaries and wages payable | 262 | |
Sales revenue | 5,230 | |
Stock investments (short-term) | 1,290 |
Prepare an income statement for Windsor, Inc. for the year ended April 30, 2017.
Windsor, Inc. Income Statement choose the accounting period For the Year Ended April 30, 2017For the Month Ended April 30, 2017April 30, 2017 | ||
---|---|---|
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | enter a total amount for section two | |
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | $enter a total net income or loss amount |
eTextbook and Media
List of Accounts
Prepare a retained earnings statement for Windsor, Inc. for the year ended April 30, 2017. (List items that increase retained earnings first.)
Windsor, Inc. Retained Earnings Statement choose the accounting period For the Month Ended April 30, 2017For the Year Ended April 30, 2017April 30, 2017 | |
---|---|
select an opening name DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | $enter a dollar amount |
select between addition and deduction AddLess: select an item DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | enter a dollar amount |
enter a subtotal of the two previous amounts | |
select between addition and deduction AddLess: select an item DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | enter a dollar amount |
select a closing name DividendsExpensesNet Income / (Loss)Retained Earnings, May 1, 2016Retained Earnings, April 30, 2017RevenuesTotal ExpensesTotal Revenues | $enter a total amount |
eTextbook and Media
List of Accounts
Prepare a classified balance sheet for Windsor, Inc. as of April 30, 2017. (List current assets in order of liquidity.)
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