Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jun 2018 My Price 8.00

stockholders equity portion

Could you explain the process of getting the answers to at least (a) if not all of them? Also, I have trouble with statement of cash flows (specifically when it comes to making one from given accounts) and how net come is affected, computing net income, retained earnings, and just how the stockholders equity portion is affected in general.

 

 

 

 

7.

(5 points) Zena Company's financial records showed the following selected items for 2015:

Advertising receipts

$650,000

Land rental revenues

$520,000

Interest paid on borrowings

$100,000

Wage expense

$190,000

 

Zena follows the accrual basis of accounting. The following balances were taken from Zena's balance sheets:

12-31-15

12-31-14

Advertising receivables

20,000

25,000

Prepaid advertising costs

50,000

44,000

Wages payable

18,000

25,000

Interest payable

60,000

68,000

Unearned land rental revenue

45,000

53,000

 

a.

What were advertising-related revenues for 2015?

b.

What was interest expense for 2015?

c.

How much cash was paid out for wages and salaries during 2015?

d.

How much cash was collected for land rentals during 2015?

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jun 2018 10:06 PM My Price 8.00

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