accounting hw 495128

HW 1 (Computation of Net Income) Presented below are changes in all the account balances of Jackson Furniture Co. during the current year, except for retained earnings. ??Increase (Decrease)???Increase (Decrease)???Cash?$83,310 ???Accounts Payable?$(59,290)????Accounts Receivable (net)?46,620 ???Bonds Payable?84,140 ????Inventory?133,170 ???Common Stock?125,350 ????Investments?(49,380)???Additional Paid-in Capital?15,800 ???Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $24,640 which was paid in the current year. $ (Income Statement Items) Presented below are certain account balances of Paczki Products Co. ?Rental revenue?$6,810??Sales discounts?$7,980???Interest expense?12,910??Selling expenses?99,890???Beginning retained earnings?114,500??Sales?390,550???Ending retained earnings?134,230??Income tax?31,800???Dividend revenue?72,590??Cost of goods sold?185,470???Sales returns?12,550??Administrative expenses?82,980??From the foregoing, compute the following in a periodic inventory environment: (a) total net revenue, (b) net income, (c) dividends declared during the current year. (a)?Total net revenue?$?? (b)?Net income?$?? (c)?Dividends declared ?$?? (Multiple-step and Extraordinary Items) The following balances were taken from the books of Parnevik Corp. on December 31, 2012. ?Interest revenue?$92,800??Accumulated depreciation-building?28,000???Cash?51,000??Notes receivable?155,000???Sales?1,341,100??Selling expenses?201,400???Accounts receivable?150,000??Accounts payable?170,000???Prepaid insurance?20,000??Bonds payable?100,000???Sales returns and allowances?156,000??Administrative and general expenses?97,300???Allowance for doubtful accounts?7,000??Accrued liabilities?32,000???Sales discounts?52,500??Interest expense?73,100???Land?100,000??Notes payable?100,000???Equipment?200,000??Loss from earthquake damage…