Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 4.00

Hernandez, Inc.

Hernandez, Inc., had the following transactions during the month of March 2011. Prepare an income statement based on this information, being careful to include only those items that should appear in that financial statement.

1.    Cash received from bank loans was $10,000.

2.    Revenues earned and received in cash were $9,500.

3.    Dividends of $4,000 were paid to stockholders.

4.    Expenses incurred and paid were $5,465.

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 05:08 PM My Price 4.00

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