User Account

All Pages

Prepare an income statement

Assignment Help Accounting Basics
Reference no: EM132680041

Problem - Income statement - The following account balances were taken from the adjusted trial balance for On-Time Messenger Service, a delivery service firm, for the current fiscal year ended April 30, 2012:

Depreciation Expense

$6,400

 

Rent Expense

$48,400

Fees Earned

340,000

 

Salaries Expense

171,040

Insurance Expense

1,200

 

Supplies Expense

2,200

Miscellaneous Expense

2,600

 

Utilities Expense

18,560

Required - Prepare an income statement.

Reference no: EM132680041

Questions Cloud

What is the expected net present value : Based on the above information, what is the expected net present value of this Z90 project if the cost of capital is 12%?
What is the importance of assessing laboratory values : What is the importance of assessing laboratory values when prescribing medications? How might the laboratory values, in this case, impact your treatment plan?
Find the future value of the payment : Assume that the opportunity cost of capital is 15%. Alfred Banda, a legal practitioner, has just won lottery amounting to K2,000,000. There has been an agreemen
What requirements will make on the use of the funds : What requirements will you make on the use of the funds? Will you allow the citizens of this community to use this money right away to solve immediate needs
Prepare an income statement : The following account balances were taken from the adjusted trial balance for On-Time Messenger Service, Prepare an income statement
Appropriate for governments within the same category : Why is it difficult to develop accounting principles that are appropriate for governments within the same category
Which statements regarding inventory accounting is false : Which statements regarding inventory accounting is false? Inventory carrying cost should include transportation costs that are paid by the purchaser.
Anti-federalists and the role of government : Federalists, Anti-Federalists and the Role of Government
Develop the repayment schedule : Yum Co, is a private-owned restaurant with a marginal tax rate of 25%, is considering borrowing $25 million to finance the construction of new restaurant facili

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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