Homework 2 spreadsheet

Homework 2 spreadsheet - $8,116 Liabilities and...

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Revenue $3,600 Expenses Cost of goods sold $990 Wages Expense $700 Interest Expense $400 Depreciation Expense $335 Selling Expenses $210 Income Tax Expense $165 Total Expenses $2,800 Net Income $800 Retained Earnings, Beginning $1,600 Add: Net Income $800 $2,400 Less: Dividends $(325) Retained Earnings, End $2,075 Assets Current Assets $770 Cash $1,200 Short-term Investments $810 Accounts Receivable $967 Inventories $12 Prepaid Expenses $3,759 Total Current Assets Property, Plant, and Equipment Land $1,600 Less: building, net of accumulated depreciation $1,537 Less: Equipment, net of accumulated Depreciation $1,220 Tota Property, Plant, and Equipment $4,357 Total Assets
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Unformatted text preview: $8,116 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $834 Current Portion of Long-term Debt $450 Wages Payable $222 Income Taxes Payable $135 Total Current Liabilities $1,641 Long-term Liabilities Long-term Debt $3,500 Stockolders' Equity Common Stock $900 Retained Earnings $2,075 Total Stockholders' Equity $2,975 Total Liabilities and Stockholders' Equity $8,116 Maxim Enterprises Income Statement For the year ending April 31, 2007 Maxim Enterprises Retained Earnings Statement For the year ending April, 30, 2007 Maxim Enterprises Classified Balance Sheet April 30, 2007...
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