B-01.06 Worksheet

B-01.06 Worksheet - 20X4 20X3 20X2 Assets Cash 50,000 $...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Date: Section: B-01.06 CUE CORPORATION Income Statement For the Years Ending December 31, 20XX 20X4 20X3 20X2 Revenues Services to customers 200,000 $ ? 100,000 $ Expenses Wages ? 117,000 $ ? Interest 3,000 ? 3,000 ? 5,000 ? Net income ? 40,000 $ ? CUE CORPORATION Statement of Retained Earnings For the Year Ending December 31, 20XX 20X4 20X3 20X2 Beginning retained earnings ? ? - $ Plus: Net income ? 40,000 ? ? ? 25,000 $ Less: Dividends 30,000 ? ? Ending retained earnings 60,000 $ ? ? CUE CORPORATION Balance Sheet December 31, 20XX
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 20X4 20X3 20X2 Assets Cash ? ? 50,000 $ Accounts receivable 65,000 50,000 ? Land 180,000 180,000 180,000 Total assets ? 289,000 $ ? Liabilities Interest payable ? 1,000 $ 2,000 $ Loan payable 10,000 ? ? Total liabilities 11,000 $ 31,000 $ ? Stockholders' equity Capital stock ? ? 228,000 $ Retained earnings ? 30,000 ? Total stockholders' equity ? ? 238,000 Total Liabilities and equity 299,000 $ ? 300,000 $...
View Full Document

This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

Ask a homework question - tutors are online