Com Prob three or more

 Com Prob 3 Dissertation

EXTENSIVE PROBLEM several

SPRINGDALE FULL, INC.

a.

Springdale Full, Inc.

Income Statement

For the Year Ended December thirty-one, 2015

Sales

Less: Sales returns and allowances

Net Sales

Expense of goods sold

Gross earnings

Operating bills:

Salaries

Rent Expense

Ammenities expense

Depreciation expense: office equipment

Insurance expense

Workplace supplies charge

Income before income taxes

Income tax expense

Net gain

$

$

88, 095

6, 90

4, one hundred twenty

2, 750

900

520

$

money

226, 000

2, 500

223, 500

100, 575

122, 925

102, 485

20, 440

8, 190

12, two hundred fifity

b.

Springdale Retail, Inc.

Statement of Retained Income

For 12 months Ending December 31, 2015

Retained profits, January one particular, 2015

Put: Net income (from income statement)

$

money

Deduct: Dividends declared

Finishing Retained earnings, December thirty-one, 2015

$

21, 050

12, two hundred fifty

33, 300

5, 1000

28, 300

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COMPREHENSIVE PROBLEM three or more

SPRINGDALE SELLING, INC.

(continued)

c.

Springdale Retail, Inc.

Statement of Financial Position

Since December thirty-one, 2015

RESOURCES

Current resources:

Cash

Accounts receivable

Items inventory

Business office supplies

Pre-paid rent

Total current resources

Non-current Resources

Office equipment

Less: Gathered depreciation

Land

$

money

$

41, 000

doze, 000

Total Assets

FINANCIAL OBLIGATIONS

Current liabilities:

Accounts payable

Notes payable

Sales income taxes payable

Total current financial obligations

Non-current liabilities:

Bonds payable

Premium upon bonds payable

Deferred taxes

Total Financial obligations

STOCKHOLDERS' FAIRNESS

Preferred share, $20 similar value, two hundred fifity shares given and

outstanding

Common Inventory, $10 doble value, 1, 800 shares issued

Additional paid-in capital (common stock)

Retained revenue

Less: Treasury stock (200 common shares at cost)

Total Stockholders' Equity

Total Liabilities and Stockholders' Value

$

12-15, 200...

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