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FIN 324 Week 3 Individual Assignment Assignments from the Readings 2-27

FIN 324 Week 3 Individual Assignment Assignments from the Readings 2-27

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Exercises 2-27 Pickard and Associated Income Statement For Month Ending December 31, 2009 Revenues Account Payable……………………………….143,000 Cash……………………………………………………63,000 Owner’s Equity………………………………….215,000 Fees (revenues)………………………………..476,000 Total Revenues…………………………………897,000 Expenses Accounts Receivables……………………….95,000 Advertising Expenses……………………….14,500 Supply Expenses………………………………31,500
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Unformatted text preview: Rent Expenses…………………………………12,000 U±li±es Expenses……………………………. .2,500 Miscellaneous Expenses…………………. .5,100 Salaries Expenses…………………………….78,000 Total Expenses………………………………. .238,6000 Net Income………………………………. .Revenues-Expenses= 658,400 2. The EPS statements says that Pickard and Associates are earning 59.86 per share of 11,000....
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