资源描述：
《solbridge accounting 1 homework》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、Name:JiakangZongID:201000110Date:03/10/2012Homework---FinancialAccounting1Chapter1andChapter2E1-4CompletingaBalanceSheetandInferringNetIncomeRequired:1.CompletethefollowingbalancesheetatDecember31,2009__________Assets___________________Cash$47,500AccountsReceivable26,900_Pr
2、opertyandEquipment48,000_TotalAssets$_122,400_ ___LiabilitiesandStockholders’Equity____LiabilitiesAccountsPayable$8,000_NotePayable2,850Totalliabilities10,850Stockholders’EquityContributedCapital98,00_RetainedEarnings13,550TotalStockholders’Equity111,550Tota
3、lLiabilitiesandStockholders’Equity$122,4002.Usingtheretainedearningsequationandanopeningbalanceof$0,workbackwardstocomputetheamountofnetincomefortheyearendedDecember31,2009.RetainedEarnings(2008)$0Add:NetIncome?Subtract:Dividends0RetainedEarnings(2009)$13,550Theamountofneti
4、ncomefortheyearended2009is$13,5501.AsofDecember31,2009,didmostofthefinancingforassetscomefromcreditorsorstockholders?Stockholders2.AssumingthatReaderDirectgeneratesnetincomeof$3,000andpaysdividendsof$2,000in2010,whatwouldbetheendingRetainedEarningsbalanceatDecember31,2010?R
5、etainedEarnings(2009)$13,550Add:NetIncome3,000Subtract:Dividends-2,000RetainedEarnings(2010)$14,550TheendingRetainedEarningsare$14,550E1-6PreparinganIncomeStatementandInferringMissingValues1.SolveforthemissingamountsandprepareanincomestatementforthequarterendedJune26,2008.T
6、ip:Firstputtheitemsintheordertheywouldappearontheincomestatementandthensolveforthemissingvalues.Netincomeis$13,800.Totalexpensesis$662,000IncomeStatementJune26,2008(inthousands)RevenuesAdmissionsRevenues$455,700ConcessionsRevenues188,900OtherRevenues31,200TotalRevenues$675,
7、800ExpensesConcessionsExpenses25,500FilmRentalExpenses247,000GeneralandAdministrativeExpenses65,700RentExpenses90,000OtherExpenses233,800TotalExpenses662,000NetIncome$13,8001.WhatisRegal’smainsourceofrevenueandbiggestexpense?RevenueisAdmissionsRevenues$455,700BiggestisFilmR
8、entalExpenses$247,000PA1-1PreparinganIncomeStatement,StatementofRetainedEarnings,a
