Determine preliminary net income

Reference no: EM131133951

Determine Preliminary net income????? Here is the info:

Quick Cleaners, Inc., (QCI) has been in business for several years. It specializes in cleaning houses, but has some small business clients as well.

a.Issued $26,000 of QCI stock for cash.

b. Incurred $995 of utilities costs this month and will pay them next month.

c. Paid wages for the current month, totaling $2,100.

d. Performed cleaning services on account worth $3,450.

e. Some of Quick CleanersAc€?c equipment was repaired at a total cost of $272. The company paid the full amount immediately.

Reference no: EM131133951

Questions Cloud

Explaining how ra would invest to minimize risk : Prepare a memo for Mr. van Wie explaining how RA would invest to minimize both risk and exposure to changing interest rates. Give an example of a portfolio that would accomplish this objective

Consultant computer programmer administrator : Diego Company has three employees-a consultant, a computer programmer, and an ad- ministrator. The following payroll information is available for each employee:

Compare and contrast reliability centred maintenance : Compare and contrast Reliability Centred Maintenance (RCM ) and Total Productive Maintenance (TPM ). Give two advantages and disadvantages and two conditions where Run To Failure (RTFM) could be used.

How newly acquired skills shape your personal development : How might your newly acquired knowledge and skills shape your personal and professional development? - What are your plans for putting your education to use within your community?

Determine preliminary net income : Quick Cleaners, Inc., (QCI) has been in business for several years. It specializes in cleaning houses, but has some small business clients as well. a.Issued $26,000 of QCI stock for cash.

What distance does the ball travel horizontally : When the ball is near its maximum height it experiences a brief gust of wind that reduces its horizontal velocity by 1.50 m/s. What distance does the ball travel horizontally?

What is the dollar price of the bond : What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) - what is the company's WACC?

Create a comparative table that shows the various definition : Create a comparative table that shows the various definitions, risks, and value of each of the following quality management tactics: Establishing customer expectations, Designing quality and Defining metrics.

Determine the account and amount to be debited : Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment purchased for $52,000 on January 3, 2013, has an estimated life of 5 years and an estimated salvage value of $4,500.

User Account

All Pages