Pastina company income statement
WebDec 31, 2011 · PASTINA COMPANY Closing Entries For Year Ending Dec. 31, 2011 Dec. 31 Sales revenue 146,000 Interest revenue 1333 Income summary 147,333 Dec. 31 Income summary 123,450 Cost of goods sold 70,000 Wage expense 20,400 Rent expense 12,000 Depreciation expense 10,000 Interest expense 1,500 Supplies expense 1,800 Insurance …
Pastina company income statement
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WebPastina. Pastina ( Italian: literally, "little pasta") is a variety of pasta consisting of tiny pieces of pasta, typically of a round (irregular) shape with a diameter of about 1.6 millimetres (1/16"). [1] It is the smallest type of … WebDec 31, 2024 · A customer pald Pastina $2,500 In December for 1,000 pounds of spaghettl to be dellvered in January 2024 Pastina credited deferred sales revenue. 8. On December 1, 2024, $1,400 rent was pald to the owner of the bullding. The payment represented rent …
WebDec 31, 2024 · Question: PASTINA COMPANY Income Statement For the Year Ended December 31, 2024 0 0 0 0 0 . Show transcribed image text. Best Answer. This is the … WebSalaries earned from December 16 through December 31, 2024, were $1,200. On October 1, 2024, Pastina borrowed $51,800 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
WebPastina Company sells various types of pasta to grocery chains as private label brands. The company’s fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2024, appears below. ... Prepare an income statement and a statement of shareholders’ equity for the year ended December 31, 2024, and a classified balance ... WebSep 8, 2024 · Pastina can be shaped like little stars, tubes, or even tiny macaroni noodles or shells. Orzo is often classified as pastina as well. Barilla is one popular brand that …
WebA customer paid Pastina $2,000 in December for 1,500 pounds of spaghetti to be delivered in January 2024. Pastina credited deferred sales revenue. On December 1, 2024, $2,000 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2024 at $1,000 per month. The entire amount was debited to prepaid rent.
WebSolution for Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. ... Prepare an income … nys notice of pay rate formWebDec 31, 2011 · PASTINA COMPANY Closing Entries For Year Ending Dec. 31, 2011 Dec. 31 Sales revenue 146,000 Interest revenue 1333 Income summary 147,333 Dec. 31 … nys notice of entryWebPASTINA COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2011 Total Retained Shareholders' Earnings Equity $ 28,500 $ 88,500 23,883 23,883 … magic roman shadesWebThe adjusted trial balance of Arctic Corporation at December 31 shows that sales revenue for the year was $ 525,000 and other revenue was $ 57,000. Cost of goods sold for that same period was $ 265,000 , while other expenses totaled $ 195,000. The corporation declared and paid dividends of $ 10,000 during the year. magic roofingWebSelect the statement below that explain how to use the Income Summary account. a) The Income Summary account is debited for the sum of all revenue accounts during the closing process. b) The Income Summary account is credited during the adjusting process, as it is a contra asset account. ny snow coverage mapWebA customer paid Pastina $2,100 in December for 800 pounds of spaghetti to be delivered in January 2024. Pastina credited deferred sales revenue. 8. On December 1, 2024, $1,000 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2024 at $500 per month. The entire amount was debited to prepaid rent. ny snow accumulationWebApr 29, 2016 · Problem 2–4 (continued) PASTINA COMPANY Statement of Shareholders' EquityFor the Year Ended December 31, 2016 Total Common Retained Shareholders’ … magic romance anime english dubbed