User Account

All Pages

Prepare an income statement

Assignment Help Accounting Basics
Reference no: EM131122015

The following account balances were taken from the adjusted trial balance for 3 Rivers Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2010:

Depreciation Expense $ 8,000 Rent Expense $ 60,500
Fees Earned 425,000 Salaries Expense 213,800
Insurance Expense 1,500 Supplies Expense 2,750
Miscellaneous Expense 3,250 Utilities Expense 23,200

Prepare an income statement.

Reference no: EM131122015

Questions Cloud

What asset amount will be reported initially on its balance : what asset amount will be reported initially on its balance sheet? What liability amount will be reported on its balance sheet?
Evaluate the risks and rewards of such a move by the firm : This will result in significant cost savings for the firm; however, in the past, employees have been resistant to radical changes such as this. Evaluate the risks and rewards of such a move by the firm.
What is the overall message of the brand : Describe the three ads or commercials and include the link if applicable. Note: A popular online video-streaming Web site has numerous vintage and new commercials to view.
What impact did the industrial revolution have on the family : Name and discuss the importance of one major figure or group of the Industrial Revolution and tell us why you chose as you did. What impact did the industrial revolution have on the family, women, and the living and working conditions
Prepare an income statement : The following account balances were taken from the adjusted trial balance for 3 Rivers Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2010:
Construct an algorithm that suitably modifies x : Construct an algorithm that suitably modifies x to obtain a basic feasible flow vector and an associated spanning tree
Equivalence of two forms of reverse auction : (Equivalence of Two Forms of Reverse Auction) Show that the iteration of the Gauss-Seidel version of the reverse auction algorithm for the (symmetric) assignment problem can equivalently be described by the following iteration, which maintains an ..
Using the third best value in the auction algorithm : (Using the Third Best Value in the Auction Algorithm) Frequently in the auction algorithm the two best objects for a given person do not change between two successive bids of that person.
Write paper that uses two to three economic tools : Write a 1,050- to 1,400-word paper that uses two to three economic tools and concepts to evaluate a current issue or situation that exists in today's health care industry. Some examples of economic tools and concepts are supply and demand curves, ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Using headings of assets liabilities owners equity

using headings of assets liabilities owners equity netincome show the affect if any from the transactions below.

  March 3 purchased merchandize on account from hasbro co

march 3. purchased merchandize on account from hasbro co. list price 16000 trade discount 30 terms fob shipping point

  Graham company purchased a new machine for 2800000 the new

graham company purchased a new machine for 2800000. the new machine has an estimated useful life of nine years and the

  Probability that an employee chosen at random

Find the probability that an employee chosen at random is not one of those classi?ed as being both an engineer and a statistician.

  Larsen corporation reported 100000 in revenues in its 2010

larsen corporation reported 100000 in revenues in its 2010 financial statements of which 44000 will not be included in

  Purvis and associates issued bonds with a face value

Write a brief memo explaining whether the effective interest rate method or the straight line method will produce the highest amount of interest expense recognized on the 2013 income statement.

  Relative high audit fees

Explain how acceptance of large, high risk audit clients for relatively high audit fees may threaten and audit firm's de facto and perceived independence. Under what circumstances should such prospective clients be avoided?

  Pimary function or purpose of descriptive statistics

What is the primary function or purpose of descriptive statistics?  Summari Explanation: In other words, descriptive statistics is all about making sense of complex data.

  Refer to the campbell soup company annual report

Refer to the Campbell Soup Company annual report for 2011 in the appendix or to the most recent full annual report that you have downloaded from Campbell's website.

  Describing the evolution of business

Create a 10-15 slide Microsoft Powerpoint presentation describing the evolution of business.

  Danielle company produces the special spray nozzle the

danielle company produces a special spray nozzle. the budgeted indirect total cost of inserting the spray nozzle is

  Determine the appropriate inventory and cost of goods sold

Create a table showing the balances presently reported for Inventory and Cost of Goods Sold, and then displaying the adjustment(s) needed to correctly account for each of items (a) and (d), and finally determining the appropriate Inventory and Cost o..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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