Prepare a classified balance sheet as of september 30

Assignment Help Cost Accounting

Reference no: EM131809939

The following information pertains to Gable Company, effective at year-end September 30, 2013.

1. Prepare an income statement for the year ended September 30, 2013.

2. Prepare a retained earnings statement for the year ended September 30, 2013.

3. Prepare a classified balance sheet as of September 30, 2013.

Accounts Payable 2,400

Accounts Receivable 4,150

Accumulated Depreciation 6,600

Cash 21,955

Contributed Capital 20,000

Depreciation Expense 2.200

Dividends 2,800

Equipment 23,050

Income Tax Expense 1,100

Income Taxes Payable 300

Interest Payable 175

Long term Note payable 5,700

Prepaid rent expense 380

Rent Expense 760

Retained Earnings Beginning 13,960

Sales Revenue 14,450

Salaries Expense 6,840

Reference no: EM131809939

Questions Cloud

Find the probability that there are three different winners : In a raffle with 100 tickets, 10 people buy 10 tickets each. If there are 3 winning tickets drawn at random find the probability.

Participate leadership to solve company productivity problem : Use participate leadership to solve company productivity problems.

Discuss what does segregation of duties refer to : What does segregation of duties refer to? Why is it important for a company to make sure there are effective controls in place regarding segregation of duties

Write an expression for probability that the lot is accepted : A first sample of 5 items is drawn without replacement. If all are good the lot is passed: if two or more are bad the lot is rejected.

Prepare a classified balance sheet as of september 30 : Prepare an income statement for the year ended September 30, 2013.Prepare a classified balance sheet as of September 30, 2013.

What will be the balance burlesons account as of january : What will be the net distribution received by the foreign parent if Burleson withholds 30% of the 2015 dividend and pays it over to the IRS

Reasons for termination and the manner of termination : Write a 3–5 paragraph Differentiate between the reasons for termination and the manner of termination.

Polarization among pro union and pro company employees : Union labor organization attempts often generates significant polarization among pro union and pro company employees.

Compute cost of goods sold expense : Compute cost of goods sold expense. In your calculations round weighted average cost to the nearest cent. Round your final answer to the nearest dollar.

User Account

All Pages