Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Highlight construction company income statement

18/11/2021 Client: muhammad11 Deadline: 2 Day

Assume That You Are The President Of Highlight Construction Comapny. At The End Of The First Year ( December 31,...

assume that you are the president of Highlight Construction comapny. at the end of the first year ( December 31, of operations the following financial data for the company are available:

Cash...........................................$25,600

Receivables from customers ( all considered collectible)............10,800

inventory of merchandise( based on physical count and priced at cost).................81,000

equipment owned, at cost less used portion.................................................42,000

accoubts payable owed to suppliers...........................................46,140

Salary payable for 2014 ( on December 31, 2014 this was owed to an employee who was away because of an emergency; will return around january 10,2015, at which time the payment will be made)..............................................................................2,520

total sales revenue.................................................................128,400

expenses, including the cost of the merchandise sold (excluding income taxes).....................80,200

income taxes expense at 30% X [retax income; all paid during 2014.......................................?

common staock ( december 31, 2014).......................................................................87,000

dividends declared and paid during 2014.................................................................10,000

(note: the begining balances in common stock and retained earnings are zero because it is the first year of operations)

USINIG THE FINANCIAL STATEMENT EXHIBITS IN THE CHAPTER AS MODELS AND SHOWING COMPUTATIONS:

1. prepare a summarizd income statement for the year 2014.

2.prepare a statement of stockholders' equity for the year 2014

3. prepare a balance sheet at December 21,2014.

Required:
1. Prepare a summarized income statement for the year 2014.

HIGHLIGHT CONSTRUCTION COMPANY
Income Statement
For the Year Ended December 31, 2014
Total sales revenue
Total expenses

Pretax income
Income tax expense



2. Prepare a statement of stockholders' equity for the year 2014

HIGHLIGHT CONSTRUCTION COMPANY
Statement of Stockholders’ Equity
For the Year Ended December 31, 2014
Common Stock Retained Earnings
Balance December 31, 2013



Balance December 31, 2014

3. Prepare a balance sheet at December 31, 2014.

HIGHLIGHT CONSTRUCTION COMPANY
Balance Sheet
At December 31, 2014
Assets






Total assets $ -
Liabilities




Total liabilities $ -
Stockholders' Equity




Total stockholders' equity $ -
Total liabilities and stockholders' equity $ -

Comments
Anonymous posted 2 weeks ago

Hi I am Risha.I am a professional tutor.I can help you in your homework/course/exams.I can even take up your entire course works and do all the works.Please email me at rishaagrawal2@gmail.com Thanks

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Smart Accountants
WRITING LAND
Financial Assignments
Academic Mentor
Coursework Assignment Help
Buy Coursework Help
Writer Writer Name Offer Chat
Smart Accountants

ONLINE

Smart Accountants

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$49 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$38 Chat With Writer
Financial Assignments

ONLINE

Financial Assignments

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$34 Chat With Writer
Academic Mentor

ONLINE

Academic Mentor

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$50 Chat With Writer
Coursework Assignment Help

ONLINE

Coursework Assignment Help

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$47 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$30 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Development of vedic architecture - World history essay and study guide - A lead-tin alloy of composition 30 wt - As/nzs 1596 free download - Week 1 ARTH - When were motte and bailey castles first built - Ideal low pass filter formula - Knowles 6 principles of andragogy - Is the hadith a sacred text - Bader international study centre - ECON 3100-090 Fall 2020 - Approaches to Addressing Issues - Personal statement Prompts - Discussion Urgent - Where Can Get the Best Thesis Editing Services in India - Westpac small business grants - Matlab about the electrical circuit - River vue apartments pittsburgh - Neway suspension parts breakdown - History of the earth timeline activity - Frye oppression summary - The principal beliefs of judaism - Kellogg company swot analysis free - Juliette reeves dental hygienist - Effective training systems strategies and practices pdf - When does confined space training expire - Terrorist Organizations - Kauaeranga valley christian camp thames - Monroe motivated sequence example outline - Convert nmol l to ng ml - Mrcp part 1 fees - Unit 3 Article Review - International Business - Retrospective analysis of personality - Golden age retirement planners specializes in providing financial advice - Discussion 1 - Illawarra fly treetop walk southern highlands - Cow calf operation layout - 120 pearl river road - Speech outline - New century wellness group case study answers - Disneyteam disney com the hub wdw - Bbc bitesize latin gcse - Driving without tacho card - 2 essays - Abiotic factors in the desert - Visual basic 2010 chapter 4 case programming assignments - Bundaberg dump opening hours - NURS6050 - Literature review - Bakra beverage negotiation - Antonio quotes merchant of venice - Rodarius marcell green - Unit V Annotated Bibliography - Eco203 - MTH/210 - FUNDAMENTALS OF GEOMETRY - The basic patterns of the universe are spoken of in the confucian book of - Chemistry ion practice worksheet - Ikea organisational structure and culture - Diversity reflection essay - 1.2 4 sequential logic design answers - Configure and verify the initial router configuration - Cisco ise policy sets - How to find cengage answers - Why cats and dogs fight - Anu research school of accounting - Services marketing one word questions and answers - Gary milne darth dawkins - Public speaking course reflection essay - Floating point assembly example - Sub process mapping six sigma - Organizational behavior fifth edition pdf - Tutorial 8 sam project 1a answers - Theater essay - Metaphor for cloudy sky - How to describe tone colour - First cornerstone bank king of prussia pa - Periodic patterns worksheet chemistry answers - Use case specification for library management system - Experiment 17 lewis structures and molecular models answers - Literary device calling something by another name - Discussion Week 5 - Tholos art history definition - Management Accounting Coursework - Advanced practice nursing an integrative approach 4th edition - Let x be uniformly distributed on 0 1 - Sub-section 4 - CMIT 424: Digital Forensics Analysis and Application Detailed Assignment Description for Forensic Report #1 - Basic easy napkin folding - Linux Users, Groups, and Permissions Lab - Estructura 7.4 verbs like gustar answers - Myob accounting plus v11 download - Leadership and governance definition - Research Summaries - Cognitive walkthrough pros and cons - No man's sky overseers workflow - Foundations of education 13th edition ornstein pdf - Hp cloud 90 days free trial - Unit 1 Assessment - P.R.I.C.E. Model Applications - Constitution Law