Income statement - $12 Total current Assets $4259 Property,...

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Kiley Enterprises Income Statement For the Year Ended April 30, 2010 Revenues $4,600 Expenses Cost of goods sold $990 Selling expenses $210 Income tax expenses $165 Interest expenses $400 Wages expenses $700 Depreciation expenses $355 Total expenses $2432 Net Income $2,068 Kiley Enterprises Retained Earnings Statement For the Year Ended April 30, 2010 Retained Earnings, April 1, 2010 $1,600 Add: Net Income $2,068 $3,668 Less: Dividends $ 325 Retained Earnings, April 30, 2010 $3,343 Kiley Enterprises Balance Sheet April 30, 2010 Current Assets Cash $1,270 Short-term investments $1,200 Accounts Receivable $810 Inventories $967 Prepaid expenses
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Unformatted text preview: $12 Total current Assets $4259 Property, plant, and equipment Land $2,100 Equipment $1,200 Building $1,537 Total Assets $4837 Liabilities and Stockholders’ Equity Current Liabilities Accounts payable $834 Income Taxes payable $135 Wages payable $222 Total current Liabilities $477 Long-term Liabilities Current Portion of long term debt $450 Long-term debt $3,500 Total Long-term Liabilities $3,950 Stockholders’ equity Common Stock $900 Retained Earnings $3343 Total Stockholder’s equity $4,243 Total Liabilities and stockholders’ equity $4720...
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This note was uploaded on 04/18/2010 for the course ACCT 201 taught by Professor Prof.ck during the Spring '10 term at DeVry Chicago O'Hare.

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Income statement - $12 Total current Assets $4259 Property,...

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