Presented below are data for Antwerp Corp.  2020  2021…

Presented below are data for Antwerp Corp.  2020  2021 Assets, January 1  $4,200 $5,040 Liabilities, January 1 2,520 ? Stockholders’ Equity, Jan. 1 ? ? Dividends   840 630 Common Stock 756 672 Stockholders’ Equity, Dec. 31 ? ? Net Income  840 672 Stockholders’ Equity at January 1, 2020 is:

The income statement of Dolan Corporation for 2020 included…

The income statement of Dolan Corporation for 2020 included the following items:  Interest revenue  $141,000 Salaries and wages expense 210,000 Insurance expense      21,200   The following balances have been excerpted from Dolan Corporation’s balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18,200  $15,000 Salaries and wages payable 17,800  8,400 Prepaid insurance 2,200 3,000   The cash paid for salaries and wages during 2020 was:

Gregg Corp. reported revenue of $1,650,000 in its accrual ba…

Gregg Corp. reported revenue of $1,650,000 in its accrual basis income statement for the year ended June 30, 2021. Additional information was as follows: Accounts receivable June 30, 2020  $400,000 Accounts receivable June 30, 2021 530,000 Uncollectible accounts written off during the fiscal year 15,000   Under the cash basis, Gregg should report revenue of: