These financial statement items are for Snyder Corporation at year-end, July 31, 2014.

These financial statement items are for Snyder Corporation at year-end, July 31, 2014. Salaries and wages payable $2,580 Salaries and wages expense 50,700 Utilities expense 22,600 Equipment 21,000 Accounts payable 4,100 Service revenue 62,100 Rent revenue 8,500 Notes payable (due 2016) 1,800 Common stock 16,000 Cash 20,200 Accounts receivable 12,780 Accumulated depreciation—equipment 6,000 Dividends 5,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,200

(a1) Your answer is correct. Prepare an income statement for the year ended July 31, 2014. (Enter loss with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SNYDER CORPORATION Income Statement For the Year Ended July 31, 2014 Retained Earnings, July 31 Retained Earnings, August 1 Revenues Total Expenses Net Income / (Loss) Total Revenues Dividends Expenses $     Total Revenues     Retained Earnings, July 31     Dividends     Expenses     Revenues     Total Expenses     Net Income / (Loss)     Retained Earnings, August 1 $ Revenues Total Expenses Expenses Total Revenues Retained Earnings, July 31 Dividends Net Income / (Loss) Retained Earnings, August 1     Total Expenses     Total Revenues     Dividends     Expenses     Net Income / (Loss)     Retained Earnings, August 1     Retained Earnings, July 31     Revenues Expenses Total Revenues Revenues Net Income / (Loss) Total Expenses Retained Earnings, August 1 Retained Earnings, July 31 Dividends $ SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 1 used

(a2) Your answer is correct. Prepare a retained earnings statement for the year ended July 31,2014. Snyder Corporation did not issue any new stock during the year. SNYDER CORPORATION Retained Earnings Statement For the Year Ended July 31, 2014 Total Expenses Expenses Total Revenues Retained Earnings, August 1, 2013 Retained Earnings, July 31, 2014 Net Income / (Loss) Revenues Dividends $ Add Less :     Total Expenses     Retained Earnings, July 31, 2014     Dividends     Total Revenues     Expenses     Revenues     Net Income / (Loss)     Retained Earnings, August 1, 2013 $     Revenues     Expenses     Net Income / (Loss)     Retained Earnings, August 1, 2013     Dividends     Retained Earnings, July 31, 2014     Total Expenses     Total Revenues Total Expenses Total Revenues Retained Earnings, August 1, 2013 Expenses Revenues Retained Earnings, July 31, 2014 Net Income / (Loss) Dividends $ SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 1 used

(b) Your answer is correct. Prepare a classified balance sheet at July 31, 2014. (List Current assets in order of liquidity.) SNYDER CORPORATION Balance Sheet July 31, 2014 Assets Current Assets Intangible Assets Current Liabilities Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $     Current Assets     Intangible Assets     Current Liabilities     Long-term Liabilities     Property, Plant and Equipment     Stockholders' Equity     Total Assets     Total Current Assets     Total Current Liabilities     Total Liabilities     Total Liabilities and Stockholders' Equity     Total Long-term Liabilities     Total Property, Plant and Equipment     Total Stockholders' Equity $ Current Assets Intangible Assets Current Liabilities Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity     Add     Less :      Current Assets     Intangible Assets     Current Liabilities     Long-term Liabilities     Property, Plant and Equipment     Stockholders' Equity     Total Assets     Total Current Assets     Total Current Liabilities     Total Liabilities     Total Liabilities and Stockholders' Equity     Total Long-term Liabilities     Total Property, Plant and Equipment     Total Stockholders' Equity $ Liabilities and Stockholders' Equity Current Assets Intangible Assets Current Liabilities Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $     Current Assets     Intangible Assets     Current Liabilities     Long-term Liabilities     Property, Plant and Equipment     Stockholders' Equity     Total Assets     Total Current Assets     Total Current Liabilities     Total Liabilities     Total Liabilities and Stockholders' Equity     Total Long-term Liabilities     Total Property, Plant and Equipment     Total Stockholders' Equity $     Current Assets     Intangible Assets     Current Liabilities     Long-term Liabilities     Property, Plant and Equipment     Stockholders' Equity     Total Assets     Total Current Assets     Total Current Liabilities     Total Liabilities     Total Liabilities and Stockholders' Equity     Total Long-term Liabilities     Total Property, Plant and Equipment     Total Stockholders' Equity Current Assets Intangible Assets Current Liabilities Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity     Current Assets     Intangible Assets     Current Liabilities     Long-term Liabilities     Property, Plant and Equipment     Stockholders' Equity     Total Assets     Total Current Assets     Total Current Liabilities     Total Liabilities     Total Liabilities and Stockholders' Equity     Total Long-term Liabilities     Total Property, Plant and Equipment     Total Stockholders' Equity     Current Assets     Intangible Assets     Current Liabilities     Long-term Liabilities     Property, Plant and Equipment     Stockholders' Equity     Total Assets     Total Current Assets     Total Current Liabilities     Total Liabilities     Total Liabilities and Stockholders' Equity     Total Long-term Liabilities     Total Property, Plant and Equipment     Total Stockholders' Equity $