{"id":179020,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/exercise-4-17_emjay-company_financial-statements-2"},"modified":"2018-10-24T09:13:28","modified_gmt":"2018-10-24T09:13:28","slug":"exercise-4-17_emjay-company_financial-statements-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/exercise-4-17_emjay-company_financial-statements-2\/","title":{"rendered":"Exercise 4-17_Emjay Company_financial statements"},"content":{"rendered":"<p><a class=\"exercise-4-17_emjay-company_financial-statements-4\/\"><\/a> <\/p>\n<p>Exercise 4-17<\/p>\n<p>These financial statement items are for Emjay Company at year-end, July 31, 2014.<\/p>\n<p>Salaries and wages<\/p>\n<p>payable $1,963 Notes payable (long-term) $1,659<\/p>\n<p>Salaries and wages<\/p>\n<p>expense 51,129 Cash 14,292<\/p>\n<p>Utilities expense 22,944 Accounts receivable 9,644<\/p>\n<p>Equipment 31,457 Accumulated depreciationequip.<\/p>\n<p>5,606<\/p>\n<p>Accounts payable 4,775 Dividends 3,500<\/p>\n<p>Service revenue 62,759 Depreciation expense 4,480<\/p>\n<p>Rent revenue 8,404 Retained earnings<\/p>\n<p>(beginning of the year) 22,980<\/p>\n<p>Common stock 29,300<\/p>\n<p>1. Prepare an income statement for the year.<\/p>\n<p>2. Prepare a Retained Earnings statement for the year.<\/p>\n<p>3. Prepare a classified balance sheet at July 31<i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exercise 4-17 These financial statement items are for Emjay Company at year-end, July 31, 2014. Salaries and wages payable $1,963 Notes payable (long-term) $1,659 Salaries and wages expense 51,129 Cash 14,292 Utilities expense 22,944 Accounts receivable 9,644 Equipment 31,457 Accumulated <a href=\"https:\/\/www.benedictsol.com\/blogs\/exercise-4-17_emjay-company_financial-statements-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-179020","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/179020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=179020"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/179020\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=179020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=179020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=179020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}