Problem 2-3A You are provided with the following information for Ramirez Enterpr

Question

Problem 2-3A

You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end.

Accounts payable $ 858 Accounts receivable 993 Accumulated depreciation You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end. Prepare an income statement for Ramirez Enterprises for the year ended April 30, 2014. Prepare a retained earnings statement for Ramirez Enterprises for the year ended April 30, 2014. (List items that increase retained earnings first.)

Explanation / Answer

RAMIREZ ENTERPRISES Income Statement For the Year Ended April 30, 2014 Sales revenue 5283 Less : Cost of goods sold 1084 Depreciation expense 311 Income tax expense 189 Insurance expense 234 Interest expense 424 Salaries and wages expense 676 Net profit 2365

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.