05-1A_9e - Retained earnings, capital, March 31, 2008 3....

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 6-1A Name: Section: Enter the appropriate amount or label in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. MAGIC VINYL CO. Income Statement Revenues from sales: Less: Net sales Cost of merchandise sold Gross profit Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total expenses Income from operations Other expense: Net income
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2. MAGIC VINYL CO. Retained Earnings Statement Retained earnings, April 1, 2007
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Retained earnings, capital, March 31, 2008 3. MAGIC VINYL CO. Balance Sheet Assets Current assets: Total current assets: Property, plant and equipment: Office equipment Store equipment Total property, plant and equipment Total assets Liabilities Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Owner's Equity Capital stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4. a. b....
View Full Document

Page1 / 3

05-1A_9e - Retained earnings, capital, March 31, 2008 3....

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online