Nash’s Trading Post, LLC began operations on January 1,
Nash’s Trading Post, LLC began operations on January 1,
Nash’s Trading Post, LLC began operations on January 1, 2017. The following information is available for Nash’s Trading Post, LLC on December 31, 2017.
Accounts payable
$ 6,000
Notes payable
$ 9,000
Accounts receivable
3,000
Rent expense
11,000
Advertising expense
4,100
Retained earnings
?
Cash
4,100
Service revenue
27,000
Common stock
16,000
Supplies
2,900
Dividends
3,500
Supplies expense
1,600
Equipment
27,800
Prepare an income statement for Nash’s Trading Post, LLC.
Nash’s Trading Post, LLCIncome Statement December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017
Total ExpensesRetained Earnings, January 1RevenuesTotal RevenuesNet Income / (Loss)DividendsRetained Earnings, December 31Expenses
$
ExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31Total RevenuesRevenuesTotal ExpensesDividends
$
Total Expenses Revenues Total Revenues Dividends Expenses Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31
ExpensesRevenuesTotal ExpensesTotal RevenuesRetained Earnings, January 1Retained Earnings, December 31DividendsNet Income / (Loss)
$
Prepare a retained earnings statement for Nash’s Trading Post, LLC. (List items that increase retained earnings first.)
Nash’s Trading Post, LLCRetained Earnings Statement For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
Total ExpensesRetained Earnings, January 1Total RevenuesDividendsExpensesNet Income / (Loss)Retained Earnings, December 31Revenues
$
AddLess
:
Retained Earnings, December 31Retained Earnings, January 1RevenuesTotal ExpensesTotal RevenuesDividendsExpensesNet Income / (Loss)
AddLess
:
Total ExpensesRetained Earnings, January 1ExpensesTotal RevenuesRetained Earnings, December 31Net Income / (Loss)RevenuesDividends
Total ExpensesRetained Earnings, January 1Retained Earnings, December 31RevenuesNet Income / (Loss)Total RevenuesDividendsExpenses
$
Prepare a balance sheet for Nash’s Trading Post, LLC. (List assets in order of liquidity.)
Nash’s Trading Post, LLCBalance Sheet December 31, 2017For the Year Ended December 31, 2017For the Month Ended December 31, 2017
Assets
$
Total Long-term investmentsTotal Stockholders’ EquityTotal Long-term LiabilitiesProperty, Plant and EquipmentTotal Property, Plant and EquipmentStockholders’ EquityTotal Long-Term InvestmentsTotal AssetsIntangible AssetsTotal Current AssetsLong-Term InvestmentsCurrent AssetsTotal LiabilitiesTotal Intangible AssetsLong-Term LiabilitiesTotal Long-Term LiabilitiesLiabilitiesTotal Liabilities and Stockholders’ Equity
$
Liabilities and Stockholders’ Equity
Total Intangible AssetsTotal Current AssetsTotal LiabilitiesTotal Long-term LiabilitiesTotal AssetsTotal Liabilities and Stockholders’ EquityTotal Long-term investmentsTotal Property, Plant and EquipmentTotal Stockholders’ EquityCurrent AssetsLiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesTotal Long-Term InvestmentsTotal Long-Term LiabilitiesProperty, Plant and EquipmentStockholders’ Equity
$
Total Current Assets Total Intangible Assets Total Liabilities Total Assets Total Long-Term Liabilities Current Assets Total Long-term Liabilities Total Long-Term Investments Total Liabilities and Stockholders’ Equity Total Property, Plant and Equipment Total Long-term investments Liabilities Intangible Assets Total Stockholders’ Equity Long-Term Investments Long-Term Liabilities Stockholders’ Equity Property, Plant and Equipment
$
Total Liabilities and Stockholders’ EquityTotal Property, Plant and EquipmentTotal LiabilitiesLong-Term InvestmentsLiabilitiesStockholders’ EquityTotal Long-term LiabilitiesLong-Term LiabilitiesCurrent AssetsIntangible AssetsTotal Stockholders’ EquityTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal AssetsTotal Intangible AssetsTotal Current AssetsTotal Long-term investmentsProperty, Plant and Equipment
$
Long-Term Investments Stockholders’ Equity Total Long-Term Liabilities Total Current Assets Total Assets Liabilities Total Long-term investments Intangible Assets Total Stockholders’ Equity Total Liabilities Total Intangible Assets Total Long-term Liabilities Total Long-Term Investments Current Assets Long-Term Liabilities Property, Plant and Equipment Total Liabilities and Stockholders’ Equity Total Property, Plant and Equipment
Total AssetsTotal Liabilities and Stockholders’ EquityTotal Long-Term LiabilitiesTotal Long-Term InvestmentsIntangible AssetsTotal Intangible AssetsProperty, Plant and EquipmentTotal Long-term investmentsTotal LiabilitiesTotal Long-term LiabilitiesStockholders’ EquityTotal Property, Plant and EquipmentTotal Stockholders’ EquityTotal Current AssetsLong-Term LiabilitiesCurrent AssetsLiabilitiesLong-Term Investments
$
"You need a similar assignment done from scratch? Our qualified writers will help you with a guaranteed AI-free & plagiarism-free A+ quality paper, Confidentiality, Timely delivery & Livechat/phone Support.
Discount Code: CIPD30
Click ORDER NOW..
