QuickHelper

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Teaching Since: May 2017
Last Sign in: 356 Weeks Ago, 5 Days Ago
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
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Category > Accounting Posted 19 Sep 2017 My Price 7.00

Nash's Trading Post, LLC began operations on January 1, 2017.

Nash's Trading Post, LLC began operations on January 1, 2017. The following information is available for Nash's Trading Post, LLC on December 31, 2017.

Accounts payable   $ 6,000   Notes payable   $ 9,000
Accounts receivable   3,000   Rent expense   11,000
Advertising expense   4,100   Retained earnings   ?
Cash   4,100   Service revenue   27,000
Common stock   16,000   Supplies   2,900
Dividends   3,500   Supplies expense   1,600
Equipment   27,800        
 

Prepare an income statement for Nash's Trading Post, LLC.

Nash's Trading Post, LLC
Income Statement

   

 

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Prepare a retained earnings statement for Nash's Trading Post, LLC. (List items that increase retained earnings first.)

Nash's Trading Post, LLC
Retained Earnings Statement

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Prepare a balance sheet for Nash's Trading Post, LLC. (List assets in order of liquidity.)



Nash's Trading Post, LLC
Balance Sheet

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Liabilities and Stockholders' Equity

           

   

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Answers

(10)
Status NEW Posted 19 Sep 2017 09:09 AM My Price 7.00

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