Solution-Prepare the income statement of reva stewart

Prepare the income statement of reva stewart

Assignment Help Cost Accounting

Reference no: EM13548874

Preparing the income statement The accountant for Reva Stewart, CPA, P.C., has posted adjusting entries (a) through (e) to the accounts at December 31, 2012. Selected balance sheet accounts and all the revenues and expenses of the entity follow in T-account form.

Accounts receivable	Supplies
22,700	1200(a)	600
(e)800
Acc.depr-equipment	Acc.depr-building
5000		30,000
(b)1,900		(c)5,000
Salary payables	Service revenue
(d)900	105,700
	(e)800
Salary expense	Supplies expense
28,200	(a)600
(d)900
Depreciation expense-equip	Depreciation expense-bldg.
(b)1,900	(c)5,000

Requirements

1. Prepare the income statement of Reva Stewart, CPA, P.C., for the year ended December 31, 2012.

2. Were 2012 operations successful?

Reference no: EM13548874

Questions Cloud

What amount will jims record for inventory : Jim's paid $130 to cover the travel expenses of an employee who negotiated the purchase of the hats. What amount will Jim's record for inventory? Why?

Displays the number of vacation days : Displays the number of vacation days

Define what is the maximum number of electrons : What is the maximum number of electrons that can be freed by a burst of light of 405 nm whose total energy is 1.00μJ?? Given the minimum evergy of 4.41*10^-19 and a maximum kinetic energy 4.95*10^-20.

Determine its upward velocity at that point : A layer of air has a temperature T0 of 30 Celsius at ground level and a lapse rate ? of 20 Celsius/km. determine its upward velocity at that point

Prepare the income statement of reva stewart : Prepare the income statement of Reva Stewart, CPA, P.C., for the year ended December 31, 2012 - were 2012 operations successful?

Complete the other question asked : How long do you exactly need to complete the other question asked? It is very critical for me.

Define the combustion of phosphorus : Incandescent white of a fireworks display caused by a formation of P4O10,which occurs by the combustion of phosphorus, how many moles of O2 are needed to combine with .221 mol of p

Evaluate the mass flow rate : A patient recovering from surgery is being given fluid intravenously. Find the mass flow rate in kg/s

What is the acceleration of the rising balloon : A hot-air balloon is accelerating upward under the influence of two forces, its weight and the buoyant force. What is the acceleration of the rising balloon

User Account

All Pages

Prepare the income statement of reva stewart

Reference no: EM13548874

Reference no: EM13548874

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