Use the trial balance for Peach’s Pastry Shop and prepare a properly formatted Income Statement. Peach’s Pastry Shop, LLC Trial Balance October 30 Cash $67,000 Accounts Receivable 7,200 Bakery Supplies 17,300 Bakery Shop Equipment 155,000 Delivery Van 75,000 Accounts Payable $16,500 Salaries Payable 9,300 Notes Payable 65,000 Common Stock 150,000 Retained Earnings 69,155 Dividends 14,000 Sales Revenue 215,005 Salaries Expense 66,075 Bakery Supplies Expense 47,425 Rent Expense 60,000 Insurance Expense 14,360 Van Maintenance Expense 1,600 Totals $524,960 $524,960
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The approach to preparing financial statements based on reco…
The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is:
It is obvious that an error occurred in the preparation and/…
It is obvious that an error occurred in the preparation and/or posting of closing entries if:
Is the tail of a phospholipid hydrophilic or hydrophobic? …
Is the tail of a phospholipid hydrophilic or hydrophobic?
Which definition below BEST summarizes potential energy:
Which definition below BEST summarizes potential energy:
The image below depicts red blood cells that have been put i…
The image below depicts red blood cells that have been put into various solutions; the image also indicates the net direction of water flow into and out of the red blood cells. What is the likely solution that the red blood cells are submerged into that allowed them to maintain their shape (shown in the middle image):
What is another name for the glycocalyx?
What is another name for the glycocalyx?
This type of transport moves materials from LOW concentratio…
This type of transport moves materials from LOW concentration to HIGH concentration:
What is the function of vesicles?
What is the function of vesicles?
What structure can use sunlight, water, and carbon dioxide t…
What structure can use sunlight, water, and carbon dioxide to make sugar and oxygen?