ACC212 Problem 3-6A

Prof. Mansour Name Section C XYZ, Inc. D E F G XYZ, Inc. H

A 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

B XYZ, Inc.

XYZ, Inc.
Income Statement For the Year Ended December 31, 20X1

Revenues: Service revenue Expenses: Salary expense Rent expense Depreciation expense Interest expense Total expenses Income before taxes Income tax expense Net income Thrifty Nickel Advertising, Inc.

Amount Amount Amount Amount

XYZ, Inc.

Statement of Retained Earnings For the Year Ended December 31, 20X1 Retained earnings, December 31, 20X0 Add: Net income Less: Dividends Retained earnings, December 31, 20X1

XYZ, INC.
Balance Sheet December 31, 20X1 Assets Cash Accounts receivable Prepaid rent Equipment Less: Accumulated depreciation Amount Amount Formula 6 Amount Amount Amount Liabilities Accounts payable
Unearned service revenue

Interest payable Income tax payable Salary payable Note payable Total liabilities Stockholders' Equity Common stock Retained earnings
Total stockholders' equity Total liabilities and stockholders' equity

Total assets Part 2. Debt ratio is: Type answer starting here

Formula 7 Formula 12

ACC212 Problem 3-6A

Prof. Mansour Name Section C D E End of Problem F G H

ACC212

Prof. Mansour

Amount

Formula 1 Formula 2 Amount Formula 3

Amount Amount Formula 4 Amount Formula 5

Liabilities

Amount Amount Amount Amount Amount Amount Formula 8 ckholders' Equity Amount Formula 9 Formula 10 Formula 11

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Prof. Mansour