Peyton Approved Financial Information Comprehensive income items Marketable securities on the balance sheet at a cost of 5500000 are available-for-sale Market value at the balance sheet date is 5235 Prepare the adjusting entry to record the unrealized loss and include in comprehensive income. Peyton Approved Financial Data. Total Current Liabilities 51593. Expense 278000 Office Supplies Expense 135000 Business License Expense. Rent Expense 9000000 Interest Expense 146875 Insurance Expense 200000 Depreciation Expense 264286 Amortization Expense 200000 Misc. Peyton Approved Income Statement For Year Ended 12312016 Bakery Sales 21425648 Merchandise Sales 77076 Total Revenues 21502724 Cost of Goods Sold - Baked 7315959 Cost of Goods Sold - Merchandise 54964 Total Cost of Goods Sold 7370923 Gross Profit 14181801 Operating Expenses. Ending 9302014 Revenues Sales Revenue 6000000 Merchandise Sales 22100 Total Revenue 6022100 Less Cost of Goods Sold 15760 Gross Profit 6006340 Expenses Miscellaneous Supplies Expenses 55000 Baking Supplies Expenses 1940000 Rent Expense 450000 Salary Expense 195600 Insurance Expense 20000 Depreciation. Cost of Goods Sold - Merchandise. Peyton Approved Income Statement For Qtr. Expense 45000 Business License Expense.
Supplies Expense 166818 Business License Expense 130785 Misc.
Cost of Goods Sold - Baked. Peyton Approved Income Statement For Year Ended 12312016 Bakery Sales 21425648 Merchandise Sales 77076 Total Revenues 21502724 Cost of Goods Sold - Baked 7315959 Cost of Goods Sold - Merchandise 54964 Total Cost of Goods Sold 7370923 Gross Profit 14181801 Operating Expenses. Peyton Approved Financial Data. Peyton Approved Statement of Retained Earnings For Year Ending 1231 Current Liabilities. Rent Expense 1569423 Wages Expense 682176 Misc. Preliminary Financial Statements have already been prepared 2017 statements in the Final Project Workbook.
Cost of Goods Sold - Baked. See the table for possible adjustments that indicate what. Peyton Approved Income Statement For Year Ended 123120XX Bakery Sales 3388115715 Merchandise Sales 12479580 Total Revenues 3400595295 Cost of Goods Sold - Baked 1095490736 Cost of Goods Sold - Merchandise 8899479 Total Cost of Goods Sold 1104390215 Gross Profit 2296205080 Operating Expenses. Peyton Approved Income Statement For Year Ended 12312016 Bakery Sales 21425648 Merchandise Sales 77076 Total Revenues 21502724 Cost of Goods Sold - Baked 7315959 Cost of Goods Sold - Merchandise 54964 Total Cost of Goods Sold 7370923 Gross Profit 14181801 Operating Expenses. ACC 201 Final Project Peyton Approved Instructions For this deliverable you will complete the accounting cycle and prepare financial statements that will provide the result you need to assess the success of business operations. Ending Balance 10500000 12072102 Peyton Approved Statement of Retained Earnings. Total Current Liabilities 51593. Net Income 2454919 1067072 300046 204577 136384 67786 109108 154974 81831 49098 4625795 17557618 Preliminary Peyton Approved Statement of Retained Earnings For Year Ended 12312017 Beginning Balance. Expense 45000 Business License Expense. Peyton Approved Income Statement For Qtr.
Transcribed image text. Peyton Approved Statement of Retained Earnings For Year Ending 1231 Current Liabilities. Expense 8719 Depreciation Expense. Below you will find the data. Plus Net Income 5014484 17557618 less Dividends. Expense 278000 Office Supplies Expense 135000 Business License Expense. Peyton Approved Post Closing Trial Balance Qtr. Peyton Approved Financial Information Comprehensive income items Marketable securities on the balance sheet at a cost of 5500000 are available-for-sale Market value at the balance sheet date is 5235 Prepare the adjusting entry to record the unrealized loss and include in comprehensive income. Total Cost of Goods Sold. Peyton Approved Peyton Approved Beginning Balance.
Peyton Approved Income Statement For Qtr. Peyton Approved decided to open a new location in 2018 where management estimates the new location will do about 80 of the business the current location receives. Cost of Goods Sold - Merchandise. PEYTON APPROVED FINANCIAL DATA Preliminary Financial Statements have already been prepared 2017 statements in the Final Project Workbook. See the table for possible adjustments that indicate what. Peyton Approved Income Statement For Year Ended 12312016 Bakery Sales 21425648 Merchandise Sales 77076 Total Revenues 21502724 Cost of Goods Sold - Baked 7315959 Cost of Goods Sold - Merchandise 54964 Total Cost of Goods Sold 7370923 Gross Profit 14181801 Operating Expenses. Total Current Liabilities 51593. Peyton Approved Income Statement For Year Ending 12312017 Bakery Sales 33567500 Merchandise Sales 3520000 Total Revenues 37087500 Cost of Goods Sold FIFO 1576000 Baking Cost of Goods Sold 13740000 Gross Profit FIFO 21771500 Operating Expenses. Peyton Approved Financial Information Comprehensive income items Marketable securities on the balance sheet at a cost of 5500000 are available-for-sale Market value at the balance sheet date is 5235 Prepare the adjusting entry to record the unrealized loss and include in comprehensive income. Ending Balance 10500000 12072102 Peyton Approved Statement of Retained Earnings.
- plus Net Income 83637. Ending 9302014 Revenues Sales Revenue 6000000 Merchandise Sales 22100 Total Revenue 6022100 Less Cost of Goods Sold 15760 Gross Profit 6006340 Expenses Miscellaneous Supplies Expenses 55000 Baking Supplies Expenses 1940000 Rent Expense 450000 Salary Expense 195600 Insurance Expense 20000 Depreciation. Peyton Approved Post Closing Trial Balance Qtr. Expense 45000 Business License Expense. Baking Supplies Expense 1740000 Rent Expense 450000 Interest Expense 5000 Insurance Expense 40000 Depreciation Expense 20833 Misc. Total Current Liabilities 51593. Preliminary Financial Statements have already been prepared 2017 statements in the Final Project Workbook. Final adjusting entries have not yet been made. Retained earning 12062102 1159356 14062102 TOTAL 17365287 TOTAL 17365287 Peyton Approved Statement of cash Flow For Year Ended 12312017 Peyton Approved Second Location Pro Forma Balance Sheet As of December 31 2018 Peyton Approved Second Location Pro Forma Income Statement For Year Ending 12312018. Peyton Approved Income Statement For Year Ending 12312017 Bakery Sales 33567500 Merchandise Sales 3520000 Total Revenues 37087500 Cost of Goods Sold FIFO 1576000 Baking Cost of Goods Sold 13740000 Gross Profit FIFO 21771500 Operating Expenses.
Final adjusting entries have not yet been made. Expense 45000 Business License Expense. ACC 201 Final Project Peyton Approved Instructions For this deliverable you will complete the accounting cycle and prepare financial statements that will provide the result you need to assess the success of business operations. Peyton Approved Post Closing Trial Balance Qtr. Ending 9302018 Unadjusted Trial Balance Credit Account Debit Cash Baking Supplies Merchandise Inventory FIFO Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wa Interest Payable Common Stock Totals Unadjusted trial. Net Income 2454919 1067072 300046 204577 136384 67786 109108 154974 81831 49098 4625795 17557618 Preliminary Peyton Approved Statement of Retained Earnings For Year Ended 12312017 Beginning Balance. Peyton Approved Income Statement For Year Ended 123120XX Bakery Sales 3388115715 Merchandise Sales 12479580 Total Revenues 3400595295 Cost of Goods Sold - Baked 1095490736 Cost of Goods Sold - Merchandise 8899479 Total Cost of Goods Sold 1104390215 Gross Profit 2296205080 Operating Expenses. Rent Expense 157673195 Wages. Peyton Approved Statement of Retained Earnings For Year Ending 1231 Current Liabilities. Peyton Approved Peyton Approved Beginning Balance.