Disclosures in good form about 2 items on the income statement and 2 on the balance sheet.

Anonymous
timer Asked: May 7th, 2018
account_balance_wallet $10

Question description

Base the worksheet that I gave u, Disclosures in good form about 2 items on the income statement and 2 on the balance sheet. about 1 page double space.

Ignore the inequality, just focus on the data for each item.

Bill's Bagel Shop, Inc Balance Sheet For the year ended 12/31/2019 Assets Current Assets Cash Accounts Receivable Less: Allowance for Uncollectible Accounts Prepaid Insurance Prepaid Advertising Inventory-Food Supplies Investment in Sysco Investment in Brueggers Total Current Assets Long Term Assets Land Land Improvements Building Furniture and Equipment Accumulated Depreciation Equipment-old Accumulated Depreciation-old equip Total Long Term Assets Total Assets Liabilities Current Liabilities Accounts Payable Payroll Liabilities Sales Tax Payable Corporate Income Taxes Payable Interest Payable Unearned Revenue Total Current Liabilties Long Term Liabilities Notes Payable Mortgage Payable Total Liabilties Stockholders' Equity Equity in Brueggers Treasury Stock Preferred Stock $ $ $ $ $ $ $ $ $ 366,094 42,000 (2,000) 1,500 1,200 67,400 350,000 2,160,000 2,986,194 $ $ $ $ $ $ $ $ $ 120,000 10,000 145,737 38,000 (16,496) 297,241 3,283,435 $ $ $ $ $ $ $ 45,000 300 5,000 50,300 $ $ $ 32,638 234,032 266,670 $ $ $ (600,000) (200,000) 620,000 Common Stock Paid in Capital In Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity $ $ $ $ $ 520,000 1,900,000 87,292 2,327,292 2,644,262 Bill's Bagel Shop, Inc Income Statement For the year ended 12/31/2019 Food Sales Investment Revenue Cost of Goods Sold Gross Profit Operating expenses Depreciation expense Donations Payroll Expenses Repairs and Maintenance Utilities Total operating expenses Net Operating Income Other expenses and losses Interest Expense Unrealized holding loss Total other expenses and losses Net income before taxes Income taxes (20%) Net Income $ 1,200,000 $ 620,000 $ (460,000) $ 1,360,000 $ $ $ $ $ $ 380,000 13,196 220,000 $ $ $ (613,196) 746,804 17,631 50,000 $ $ $ 67,631 814,435 (162,887) 651,548

Tutor Answer

DoctorRobi
School: Cornell University

Chec...

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Review

Anonymous
Wow this is really good.... didn't expect it. Sweet!!!!

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