Below are all the accounts from the adjusted trial balance of Fisk Corporation. All accounts have...
Below are all the accounts from the adjusted trial balance of Fisk Corporation. All accounts have normal balances. Using the information below, prepare for the month ending December 31, 2016.
1. an income statement.
2. a retained earnings statement.
3. a balance sheet.
**Remember to format your Financial Statements
FISK CORPORATION
Account Balances from the Adjusted Trial Balance
December 31, 2016
Account Balance
Salaries & Wages Payable………………………………………………. $ 5,800
Insurance Expense……………………………………………………….. 2,000
Notes Receivable…………………………………………………………. 10,000
Common Stock…………………………………………………………… 44,000
Inventory………………………………………………………………… 49,400
Cost of Goods Sold………………………………………………………. 126,000
Interest Receivable……………………………………………………….. 600
Depreciation Expense…………………………………………………….. 11,000
Prepaid Insurance………………………………………………………… 2,800
Equipment……………………………………………………………… 110,000
Interest Revenue………………………………………………………….. 600
Accumulated Depreciation--Equip………………………………………. 26,000
Accounts Payable…………………………………………………………. 10,800
Accounts Receivable……………………………………………………… 40,000
Retained Earnings………………………………………………………… 80,800
Sales Revenue……………………………………………………………260,000
Salaries and wages Expense…………………………………………….. 55,800
Rent Expense………………………………………………………………. 7,400
Cash……………………………………………………………………… 9,000
Dividends.………………………………………………………………… 4,000
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Below are all the accounts from the adjusted trial balance of
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