I-01.08 worksheet

I-01.08 worksheet - For taxes- For dividends- For land,...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Date: Section: I-01.08 (a) - (b) SKOUSEN CORPORATION Income Statement For the Year Ending December 31, 20X3 Revenues Services to customers - $ Expenses Rent - $ Wages - Interest - Taxes - - Net income - $ SKOUSEN CORPORATION Statement of Retained Earnings For the Year Ending December 31, 20X3 Beginning retained earnings - $ Plus: Net income - - $ Less: Dividends - Ending retained earnings - $ (c) Cash received: From customers ($1,600,000 - $125,000) $ - From stockholders - From lenders - $ - Cash payments: For rent $ - For wages - For interest -
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: For taxes- For dividends- For land, building, equipment- For repayment of loans- - Ending cash $ - 1 of 2 Name: Date: Section: I-01.08 (d) SKOUSEN CORPORATION Balance Sheet December 31, 20X3 Assets Cash-$ Accounts receivable-Land-Building-Equipment-Total assets-$ Liabilities Rent payable-$ Wages payable-Interest payable-Loan payable-Total liabilities-$ Stockholders' equity Capital stock-$ Retained earnings-Total stockholders' equity-Total Liabilities and equity-$ 2 of 2...
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.

Page1 / 2

I-01.08 worksheet - For taxes- For dividends- For land,...

This preview shows document pages 1 - 2. Sign up to view the full document.

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