Prepare An Income Statement For The Current Year Ended September 30 20y6

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Prepare an income statement for the current year ended september 30 20y6. Dividends of 10000 were paid during the year. 100 1 000 1 100. If your firm sold 40 000 widgets at 25 each you would show 1 000 000 on the sales line. Prepare a statement of stockholders equity for the current year ended september 30 20y6.

Instruction prepare an income statement for the current year ended september 30 20y6. The retained earnings were 150000 and the common stock was 50000 as of october 1 20y5 the beginning of the current year. Line 1 shows the gross revenue or sales figure. 1 100 200 900.

To prepare an income statement generate a trial balance report calculate your revenue determine the cost of goods sold calculate the gross margin include operating expenses calculate your income include income taxes calculate net income and lastly finalize your income statement with business details and the reporting period. Inventory at 31 december 2014 was valued at 4500. For the six month period ended september 30 2020. If an amount is zero enter o.

Glacier travel service statement of stockholders equity for the year ender centember 20 2016 chapter 1 homework calculator 2. The amounts of the assets and liabilities of glacier travel service as of september 30 20y6 the end of the current year and its revenue and expenses for the year are listed below. It equates to the total amount of sales in dollars that the firm has made for the given income statement period. B prep are a balance sheet as at 31.

Income statement retained earnings statement and balance sheet. The following balances are taken from the books of george anderson at the end of his first year trading on 31 december 2014. Accounting corporate financial accounting income statement the revenues and expenses of paradise travel service for the year ended may 31 20y6 follow. To simplify the above example for calculating cost of goods sold assume that the opening inventory the inventory value at the beginning of the accounting period and ending inventory the inventory value at the end of the accounting period values are the same.

Fees earned 900 000 office expense 300 000 miscellaneous expense 15 000 wages expense 450 000 prepare an income statement for the year ended may 31 20y6. A prepare income statement for the year ended 31 december 2014.