The Following Data Are for the Grass Is Greener Company

question 98

Essay

The following data are for the Grass is Greener Company at the end of 2017,after adjustments,except for the calculation of income tax expense.
$\begin{array}{c}\begin{array}{|l|}\hline \text {Accounts payable } \\\hline \text { Property and equipment } \\\hline \text { Cost of service expense } \\\hline \text { Supplies } \\\hline \text { Service revenue } \\\hline \text {Bonds payable } \\\hline \text { Interest receivable } \\\hline \text {Retained earnings } \\\hline \text { Notes payable} \\\hline \text { Investments } \\\hline \text { Accumulated depreciation } \\\hline \text { Supplies expense } \\\hline \end{array}\begin{array}{r|}\hline\$ 281,700 \\ \hline 672,500 \\\hline 183,600 \\\hline 216,900 \\\hline 904,000 \\\hline 229,600 \\\hline 4,300 \\\hline 187,400 \\\hline 356,040 \\\hline 146,400 \\\hline 128,900\\\hline336,200\\\hline\end{array}\begin{array}{l|}\hline \text { Prepaid insurance } \\\hline \text { Contributed capital } \\\hline \text { Other revenue } \\\hline \text {Deferred revenue } \\\hline \text { Depreciation expense} \\\hline \text {Accounts receivable } \\\hline \text { Rent expense } \\\hline \text { Cash} \\\hline \text { Accrued liabilities} \\\hline \text { Prepaid rent} \\\hline \text { Administrative and general expense (includes interest, utilities, etc.) } \\\hline \text { Income tax payable } \\\hline \end{array}\begin{array}{|r|}\hline \$ 6,800 \\\hline 380,600 \\\hline 114,100 \\\hline 83,600 \\\hline 57,750 \\\hline 607,550 \\\hline 30,500 \\\hline 351,340 \\\hline 23,400 \\\hline 11,200 \\\hline 64,300 \\\hline 0\\\hline\end{array}\end{array}$

Required:
A)Calculate the income before income tax.
B)Calculate the income tax owed by the company if its tax rate is 40%.
C)Calculate the net income.
D)Prepare an adjusted trial balance.
E)Prepare an income statement.

• A)Calculate the income before income tax.
• B)Calculate the income tax owed by the company if its tax rate is 40%.
• C)Calculate the net income.
• D)Prepare an adjusted trial balance.
• E)Prepare an income statement.

Identify the mechanisms through which education systems maintain or challenge social class structures.

Recognize the role of hidden curriculum in shaping student values and behaviour.

Assess the relationship between education and social mobility from the perspectives of different sociological theories.

Understand the impacts of industrialization, colonization, and modern societal changes on education.

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Definitions:

Tympanic Membrane

A thin layer of tissue in the ear, also known as the eardrum, that vibrates in response to sound waves and transmits these vibrations to the ossicles within the middle ear.

Tectorial Membrane

The tectorial membrane is a structure located in the inner ear, specifically part of the cochlea, crucial for the auditory transduction process.

Higher Frequencies

Electromagnetic wavelengths that are shorter, resulting in greater oscillations per second, which are applied in various technologies like microwave and radio.

Semicircular Canals

Structures within the inner ear that are key to the vestibular system, helping maintain balance and spatial orientation.