Prepare an income statement for the year

Assignment Help Accounting Basics
Reference no: EM13532868

The adjusted trial balance of Hanlon Corporation at December 31, 2012, includes the following accounts: Retained Earnings $17,200; Dividends $6,000; Service Revenue $32,000; Salaries and Wages Expense $14,000; Insurance Expense $1,800; Rent Expense $3,900; Supplies Expense $1,500; and Depreciation Expense $1,000. Prepare an income statement for the year.

Reference no: EM13532868

Questions Cloud

Determine how far does the projectile travel horizontally : A plane, diving with constant speed at an angle of 40.7° with the vertical, releases a projectile at an altitude of 622 m. How far does the projectile travel horizontally during its flight
Growing number of patients with food intake issues : There are a growing number of patients with food intake issues.
Can all non-state actor threats be addressed : Question 1: Can all non-state actor threats be addressed unilaterally as a non-traditional threat to only one country? Do some of these non-traditional threats span borders and require international cooperation to counter the threat? If so, ..
What is the ending balance in retained earnings : Prepare closing journal entries and what is the ending balance in Retained Earnings?
Prepare an income statement for the year : Salaries and Wages Expense $14,000; Insurance Expense $1,800; Rent Expense $3,900; Supplies Expense $1,500; and Depreciation Expense $1,000. Prepare an income statement for the year.
Regarding avian and fish immune systems : Regarding avian and fish immune systems, in particular innate andadaptive systems, lymphoid organs, cells and antibodies. Howsimilar or different are these systems, cells, organs etc. to themammalian (human & mouse) system?
Prepare the accrual adjusting entries at december : Interest on notes payable of $300 is accrued and service revenue earned but unbilled totals $1,700 - Prepare the accrual adjusting entries at December 31
Find how hard does the floor push on the power supply : A 117Kg (including all the contents) rocket has an engine that produces a constant vertical force (the thrust) of 1820N. When it has reached an altitude of 120m how hard does the floor push on the power supply
Reproductive potential to spread over the earth : Explain how is it possible that each species has the reproductive potential to spread over the earth, and yet populations remain more or less stable for most species?

Reviews

Write a Review

Accounting Basics Questions & Answers

  You know that if she does not get the loan her business

tax preparation scenario summary you have a small tax accounting preparation and bookkeeping practice. a new client

  A company is planning a 35 million dollar marketing

a company is planning a 35 million dollar marketing campaigntv add. explain from what source would they get the money

  Prepare the appropriate journal entries to record any

the following selected transactions relate to provisions or contingencies of classical tool makers inc. which began

  Computing the revised annual depreciation

On this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value. Compute the revised annual depreciation.

  Acceptable audit risk

There are several factors that affect an audit firm's risk and therefore acceptable audit risk. What are these factors? How do they affect our audit planning?

  Owning voting stock

A controlling influence over the a company you have invested in is based on you owning voting stock exceeding what percent?

  Complete income statement and balance sheet

Calculate and write in general journal format any entries for accounts needing adjustment. Calculate and write in general journal format closing entries and post to "T" accounts. Complete an Income Statement and Balance Sheet for month end.

  Understanding the difference between fixed and variable

understanding the difference between fixed and variable costs what area of a health care facility or physician practice

  Choice of variable or absorption costing

Explain why are companies with small levels of inventory usually unconcerned with the choice of variable or absorption costing?

  Tax asset and deferred tax liability

Assuming the U.S. tax rate is 35%, and that this is Nocera's first year of operations, what is Nocera's balance in its deferred tax asset and deferred tax liability accounts at year end?

  Statements about current liabilities

Which of the following statements about current liabilities is true?

  In each of the following independent situations involving

in each of the following independent situations involving transfers of tangible property determine which transfer

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd