Which of the following is the correct order of preparation of financial statements Quizlet

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Use the following appropriate amounts to calculate net income: Revenues, $12,000; Liabilities, $5,000; Expenses, $4,000; Assets, $19,000; Dividends, $4,000.

For the past five years, Mookie Consulting Services reported the following annual net income and dividend amounts:

Year
Net Income
Dividends

Year 1:
$22,000
$2,000
Year 2:
17,000
2,000
Year 3:
9,000
1,000
Year 4:
14,000
3,000
Year 5:
25,000
4,000

Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January:

1. Issued 10,000 shares of common stock for $15,000 cash.
2. Purchased land for $12,000, signing a note payable for the full amount.
3. Purchased office equipment for $1,200 cash.
4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account.
6. Paid employees $10,000 for their first month's salaries.

What was the total amount of Gotebo's liabilities following these six transactions?

Assume that Sallisaw Sideboards, Inc. had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions during April.

1. Issued common stock for cash, $5,000.
2. Provided services to customers on account, $2,000. Provided services to customers in exchange for cash, $900.
3. Purchased equipment and paid cash, $4,300.
4. Paid April rent, $800.
5. Paid employees' salaries for April, $700.

What was Sallisaw's retained earnings balance at the end of April?

Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January:

1. Issued 10,000 shares of common stock for $15,000 cash.
2. Purchased land for $12,000, signing a note payable for the full amount.
3. Purchased office equipment for $1,200 cash.
4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account.
6. Paid employees $10,000 for their first month's salaries.

How many of these transactions decreased Gotebo's total assets?

Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January:

1. Issued 10,000 shares of common stock for $15,000 cash.
2. Purchased land for $12,000, signing a note payable for the full amount.
3. Purchased office equipment for $1,200 cash.
4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account.
6. Paid employees $10,000 for their first month's salaries.

How many of these transactions increased Gotebo's liabilities?

Which is the correct order of preparation of the financial statements?

What is the correct order of preparing the financial statements quizlet?

What are the 4 financial statements in order?