Reference no: EM132874880
Problem - Financial statements - The amounts of the assets and liabilities of St. Simon Travel Service at June 30, 2012, the end of the current year, and its revenue and expenses for the year are listed below. The capital of Gwen Perez, owner, was $150,000 at July 1, 2011, the beginning of the current year, and the owner withdrew $30,000 during the current year.
|
Accounts payable
|
$25,000
|
Supplies
|
$12,000
|
|
Accounts receivable
|
90,000
|
Supplies expense
|
10,000
|
|
Cash
|
123,000
|
Taxes expense
|
8,000
|
|
Fees earned
|
500,000
|
Utilities expense
|
36,000
|
|
Miscellaneous expense
|
11,000
|
Wages expense
|
280,000
|
|
Rent expense
|
75,000
|
|
|
Required -
1. Prepare an income statement for the current year ended June 30, 2012.
2. Prepare a statement of owner's equity for the current year ended June 30, 2012.
3. Prepare a balance sheet as of June 30, 2012.
4. What item appears on both the income statement and statement of owner's equity?
|
Identified multiple complementary elements on ethical health
: Identified multiple complementary elements that will sensitively meet a wide variety of community members needs on ethical health improvement plan.
|
|
Integrate operations management analyses
: Integrate operations management analyses into general business management planning and decision making. What lessons can companies take from Toyota's crisis
|
|
Prepare an income statement for June
: Prepare an income statement for June, a statement of owner's equity for June, and a balance sheet as of June 30
|
|
Post an explanation of at least two opportunities
: Explanation of two opportunities. Explain some of the challenges that these opportunities may present and describe how you might overcome these challenges.
|
|
Prepare an income statement for the current year ended June
: The capital of Gwen Perez, owner, was $150,000 at July 1, 2011, the beginning of the current year, Prepare an income statement for the current year ended June
|
|
Define the company current structure
: As a practising manager, analyst, or consultant, you will often be asked to prepare and present an analysis of a business situation. Typically, you will be aske
|
|
Analyze the implications of process to organization
: Analyze the context for the process selected for improvement. Analyze the implications of the process to the organization.
|
|
How process differs from that of disaster behavioral health
: How the process differs from that of disaster behavioral health with typical adult populations, note any significant factors you feel contribute to or hinder
|
|
Explain which job board is best fit to advertise position
: Explain which job board is the best fit to advertise the position. Provide an explanation why you chose that board and the benefits it offers over the others.
|