Solution-Prepare balance sheets for revival interiors

Prepare balance sheets for revival interiors

Assignment Help Cost Accounting

Reference no: EM13535392

Financial information related to Revival Interiors for August and September of the current year is as follows:

	August 31, 2004	September 30, 2004
Accounts payable	$ 3,850	$ 4,150
Accounts receivable	8,500	9,780
Capital stock	10,000	10,000
Retained earnings	?	?
Cash	15,000	25,500
Prepaid expenses	750	600

a. Prepare balance sheets for Revival Interiors as of August 31 and as of September 30.

b. Determine the amount of net income for September, assuming that no additional capital stock was issued and no dividends were paid.

c. Determine the amount of net income for September, assuming that no additional capital stock was issued, but dividends of $7,500 were paid.

Reference no: EM13535392

Questions Cloud

Explain what''s the ph of acetic acid buffer : The buffer solution consists of 0.1 mol/L of sodium acetate and 1.5 mol/L of acetic acid. The Ka of acetic acid is 1.8x10^-5. What's the pH of this buffer

Determine what is the cars centripetal acceleration : A race car goes around a level, circular track with a diameter of 1.00 km at a constant speed of 77 km/h. What is the car's centripetal acceleration in m/s2

Calculate the original momentum of the cyclist : A man riding a bicycle 140kg together is traveling at 8.6 m/s due north when he is brought to a stop in .50 seconds by a gazelle running to the south. Calculate the original momentum of the cyclist(magnitude and direction)

Calculate how much work is done by the man : A man pushes an 80.0 N crate a distance of 5.00 m upward along a frictionless slope that makes an angle of 30o with the horizontal. how much work is done by the man

Prepare balance sheets for revival interiors : Prepare balance sheets for Revival Interiors as of August 31 and as of September 30 and determine the amount of net income for September, assuming that no additional capital stock was issued and no dividends were paid.

If a loop of chain is spun at high speed : If a loop of chain is spun at high speed, it can roll along the ground like a circular hoop without collapsing. consider a chain of uniform linear mass density ? whose center of mass travels to the right at a high speed Vo. Determine the tension in t..

Growth influence the level of gdp per person : How does the rate of population growth influence the level of GDP per person?

Define what''s the ph of the buffer : A buffer solution consists of 1.5 mol/L of sodium acetate and 1.5 mol/L of acetic acid. The Ka of acetic acid is 1.8x10^-5. What's the pH of the buffer

Find the speed of the combined balls after the collision. : Ball at rest in your reference frame has a mass M. A second ball with the same mass is moving with speed v and collides with ball 1, the balls stick together and continue on the same path that the second ball was on.

User Account

All Pages

Prepare balance sheets for revival interiors

Reference no: EM13535392

Reference no: EM13535392

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT