WebThe balances of the equity accounts from the Adjusted Trial Balance of the end-of-period spreadsheet are extended to the Retained Earnings Statement columns. False … Weba. $77,750 of net loss b. $97,250 of net income c. $19,500 of net loss d. $19,500 of net income. After all of the account balances have been extended to the Income Statement columns of the work sheet, the totals of the Debit and Credit columns are $77,750 and $97,250, respectively. What is the amount of the net income or net loss for the period?
1604A 0039CBL Lab 114 Unit 5 Homework - Brief Exercise 4-2...
WebAn income statement shows the organization’s financial performance for a given period of time. When preparing an income statement, revenues will always come before … WebIndicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended. Income Statement Balance Sheet Account Dr. Cr. Dr. Cr. Accumulated Depreciation Depreciation Expense Owner’s Capital Owner’s Drawings Service Revenue Supplies Accounts Payable X X X X X X X lanzhou weather forecast 10 days
Answered: The following selected accounts appear… bartleby
WebQuestion: After all of the account balances have been extended to the Income Statement columns of the work sheet, the totals of the debit and credit columns are $87,500 and $98,300, respectively. What is the amount of the net income or net loss for the period? s08,.00 82.So 0 $10.800 ne inht f the net income or net los for the ' $10,800 net ... WebOct 31, 2024 · Where does the cost of goods sold go on an income statement? Usually, the cost of foods sold will appear on the second line under the total revenue amount. Gross profit is typically listed below, since you calculate the gross profit by subtracting the cost of goods sold from the revenue amount. WebExtended warranty is a separate service that supplier sells to customers. It is another business transaction that needs to account separately. It has separate costs which … henderson point pass christian ms