Student Name:
Class:
67,700$
Total
Common Retained Shareholders'
Stock Earnings Equity
40,000$ 18,200$ 58,200$
Beginning balance
LONGHORN CORPORATION
Income Statement
LONGHORN CORPORATION
Statement of Stockholders' Equity
LONGHORN CORPORATION
Service Revenue
Problem 01-03
McGraw-Hill
Instructor
Given Data P01-03:
LONGHORN CORPORATION
Student Name:
Class:
(c) = 6,000$
Correct!
Problem 01-04
McGraw-Hill
Instructor
On the Statement of Stockholders' Equity:
Suggested order of calculation:
Total
Common Retained Stockholders'
39,000$ Stock Earnings Equity
4,000$ (d)
Given Data P01-04:
BULLDOG, INC.
BULLDOG, INC.
Balance Sheet
Assets
Liabilities
Statement of Stockholders' Equity
Income Statement
Revenues
BULLDOG, INC.
Accounts payable
Cash
Student Name:
Class:
37,000$
Total
Common Retained Stockholders'
Stock Earnings Equity
4,800$ 2,200$
Instructor
Accounts payable
Stockholders' Equity
Liabilities
Problem 01-05
McGraw-Hill
Cash
December 31, 2018
Balance Sheet
CORNHUSKER COMPANY
Balance Sheet
CORNHUSKER COMPANY
For the Year Ended December 31, 2018
Statement of Stockholders' Equity
CORNHUSKER COMPANY
For the Year Ended December 31, 2018
Income Statement
Service revenues
Assets
4,800$
7,000
Cash remaining
Rent expense for the year
December 31, 2018
Financial Information
CORNHUSKER COMPANY
Given Data P01-05:
