Nash’s Trading Post, LLC began operations on January 1, 2017. The following information is available for Nash’s Trading Post, LLC on December 31, 2017.
Accounts payable
$ 6,000
Notes payable
$ 9,000
Accounts receivable
3,000
Rent expense
11,000
Advertising expense
4,100
Retained earnings
?
Cash
4,100
Service revenue
27,000
Common stock
16,000
Supplies
2,900
Dividends
3,500
Supplies expense
1,600
Equipment
27,800
Prepare an income statement for Nash’s Trading Post, LLC.
Nash’s Trading Post, LLC December 31, 2017 For the Month Ended December 31, 2017 For the Year Ended December 31, 2017
Total Expenses Retained Earnings, January 1 Revenues Total Revenues Net Income / (Loss) Dividends Retained Earnings, December 31 Expenses
$
Expenses Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Total Revenues Revenues Total Expenses Dividends
$
Total Expenses Revenues Total Revenues Dividends Expenses Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31
Expenses Revenues Total Expenses Total Revenues Retained Earnings, January 1 Retained Earnings, December 31 Dividends Net Income / (Loss)
$
Prepare a retained earnings statement for Nash’s Trading Post, LLC. (List items that increase retained earnings first.)
Nash’s Trading Post, LLC For the Month Ended December 31, 2017 For the Year Ended December 31, 2017 December 31, 2017
Total Expenses Retained Earnings, January 1 Total Revenues Dividends Expenses Net Income / (Loss) Retained Earnings, December 31 Revenues
$
Add Less
:
Retained Earnings, December 31 Retained Earnings, January 1 Revenues Total Expenses Total Revenues Dividends Expenses Net Income / (Loss)
Add Less
:
Total Expenses Retained Earnings, January 1 Expenses Total Revenues Retained Earnings, December 31 Net Income / (Loss) Revenues Dividends
Total Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenues Net Income / (Loss) Total Revenues Dividends Expenses
$
Prepare a balance sheet for Nash’s Trading Post, LLC. (List assets in order of liquidity.)
Nash’s Trading Post, LLC December 31, 2017 For the Year Ended December 31, 2017 For the Month Ended December 31, 2017
Assets
$
Total Long-term investments Total Stockholders’ Equity Total Long-term Liabilities Property, Plant and Equipment Total Property, Plant and Equipment Stockholders’ Equity Total Long-Term Investments Total Assets Intangible Assets Total Current Assets Long-Term Investments Current Assets Total Liabilities Total Intangible Assets Long-Term Liabilities Total Long-Term Liabilities Liabilities Total Liabilities and Stockholders’ Equity
$
Liabilities and Stockholders’ Equity
Total Intangible Assets Total Current Assets Total Liabilities Total Long-term Liabilities Total Assets Total Liabilities and Stockholders’ Equity Total Long-term investments Total Property, Plant and Equipment Total Stockholders’ Equity Current Assets Liabilities Intangible Assets Long-Term Investments Long-Term Liabilities Total Long-Term Investments Total Long-Term Liabilities Property, Plant and Equipment Stockholders’ Equity
$
Total Current Assets Total Intangible Assets Total Liabilities Total Assets Total Long-Term Liabilities Current Assets Total Long-term Liabilities Total Long-Term Investments Total Liabilities and Stockholders’ Equity Total Property, Plant and Equipment Total Long-term investments Liabilities Intangible Assets Total Stockholders’ Equity Long-Term Investments Long-Term Liabilities Stockholders’ Equity Property, Plant and Equipment
$
Total Liabilities and Stockholders’ Equity Total Property, Plant and Equipment Total Liabilities Long-Term Investments Liabilities Stockholders’ Equity Total Long-term Liabilities Long-Term Liabilities Current Assets Intangible Assets Total Stockholders’ Equity Total Long-Term Investments Total Long-Term Liabilities Total Assets Total Intangible Assets Total Current Assets Total Long-term investments Property, Plant and Equipment
$
Long-Term Investments Stockholders’ Equity Total Long-Term Liabilities Total Current Assets Total Assets Liabilities Total Long-term investments Intangible Assets Total Stockholders’ Equity Total Liabilities Total Intangible Assets Total Long-term Liabilities Total Long-Term Investments Current Assets Long-Term Liabilities Property, Plant and Equipment Total Liabilities and Stockholders’ Equity Total Property, Plant and Equipment
Total Assets Total Liabilities and Stockholders’ Equity Total Long-Term Liabilities Total Long-Term Investments Intangible Assets Total Intangible Assets Property, Plant and Equipment Total Long-term investments Total Liabilities Total Long-term Liabilities Stockholders’ Equity Total Property, Plant and Equipment Total Stockholders’ Equity Total Current Assets Long-Term Liabilities Current Assets Liabilities Long-Term Investments
$
