Intermediate accounting help
Given the trial balance:
1) prepare a multi-step income statement
2) a statement of retained earnings
3) prepare a classified balance sheet
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Prepare a Trial Balance, Multi Step Income Statement, Retained Earnings Statement, and Classified Balance Sheet the...
Prepare a Trial Balance, Multi Step Income
Statement, Retained Earnings Statement, and Classified Balance
Sheet
the
values needed are all the way on the left in the photo. i started
the trial balance (the green chart) but could not get both sides to
equal.
ACCT 251 EXCEL ASSIGNMENT - PREPARING FINANCIAL STATEMENTS IN EXCEL (see instructions tab for detailed instructions) Prepare a multi-step income statement: Prepare a retained earnings statement: Prepare a classified balance sheet: 1,001,360 101,360 591,680 Service Revenue...
intermediate financial accounting 2
The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the company's fiscal year.BELLEMY FASHION CENTERTrial BalanceNovember 30, 2010Debit CreditCash $28,700Accounts Receivable 33,700Merchandise Inventory 45,000Store Supplies 5,500Store Equipment 85,000Acc. Depreciation - Store Equipment $18,000Delivery Equipment 48,000Acc. Depreciation - Delivery Equipment 6,000Notes Payable 51,000Accounts Payable 48,500Common Stock 90,000Retained Earnings 8,000Sales 757,200Sales Returns and Allowances 4,200Cost of Goods Sold 495,400Salaries Expense 140,000Advertising Expense 26,400Utilities Expense 14,000Repair Expense 12,100Delivery Expense 16,700Rent Expense 24,000$978,700$978,700Adjustment data:Store supplies on...
6. (20 points) Preparing financial statements from an adjusted trial balance North Star Inc. Adjusted Trial...
6. (20 points) Preparing financial statements from an adjusted trial balance North Star Inc. Adjusted Trial Balance 31-Dec-18 185,000 Allowance for Doubtl Accounts Inventory (as of 12/31/18) Supplies Equipment 2,400 275,000 355,000 27s… Building Accumulated Deperciatbn- Building 195,000 29,500 Accounts Payable Salaries and Wages Payable $O.10 Common Stock APIC Retained Earnings 145,000 Selling Expenses Administratve Expenses Income Tax Expense 289,300 s 245,000 $ 286,000 75,000 52,049,950 EXCEL >Use of EXCEL is required. Create your own EXCEL file to complete the...
5-11. Financial Statements. From an adjusted trial balance, you are given the following accounts in alphabetical...
5-11. Financial Statements. From an adjusted trial balance, you are given the following accounts in alphabetical order. On the columnar papers following, create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18,128 6,000 12,300 500 50,000 74.729 83,950 I Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Payable Cash Common Stock Cost of...
Hello there, just need some help with this multi-part accounting problem. Please correct what I've already filled in if...
Hello there, just need some help with this multi-part accounting
problem. Please correct what I've already filled in if you find any
errors, and also please complete the rest by following the layout
given. Thank you so much!
Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January 31. 1. GIPl issued stock in...
5-11. Financial Statements from an adjusted trial balance you are given the following accounts in alphabetical...
5-11. Financial Statements from an adjusted trial balance you are given the following accounts in alphabetical order. On the columnar nan follow e columnar papers following create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18.128 6,000 12,300 500 50,000 74,729 83.950 Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Pavable Cash Common...
The adjusted trial balance for Perfect Advertising Services is presented below: (Click on the icon to...
The adjusted trial balance for Perfect Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Requirements 1. Prepare the income statement for the year ending December 31, 2016. 2. Prepare the statement of retained earnings for the year ending December 31, 2016. 3. Prepare the classified balance sheet as of December 31, 2016. Use the report form. Requirement 1. Prepare the income statement for the year ending December 31, 2016. (Use a minus Perfect...
6. (10 points) Preparing financial statements from an adjusted trial balance. North Star Inc. Adjusted Trial...
6. (10 points) Preparing financial statements from an adjusted trial balance. North Star Inc. Adjusted Trial Balance 31-Dec-18 Debit Credit 185,000 14,250 Accounts Receivable Allowance for Doubtful Accounts Inventory (as of 12/31/18) Supplies Equipment Accumulated Deperciatbn - Equipment Building Accumulated Deperciaton- Building Land Accounts Payable Salaries and Wages Payable Mortgage Payable Common Stock$0.10 APIC Retained Earnings Sales Revenue coss Selling Expenses Administratve Expenses Income Tax Expense 48,000 2,400 275,000 180,000 195,000 29,500 355,000 275,000 125,000 1,000 145,000 84,000 289,300 245,000...
Trial Balance and Financial StatementsRefer to the table for Beverly Entertainment Enterprises in (1) of Problem...
Trial Balance and Financial StatementsRefer to the table for Beverly Entertainment Enterprises in (1) of Problem 3–7.Required1. Prepare a trial balance at October 31,2010.2. Prepare an income statement for the month ended. October 31, 2010.3. Prepare a statement of retained earnings for the month ended. October 31,2010.4. Prepare a classified balance sheet at October 31,2010.
The adjusted trial balance for Sunland Company is given below: Prepare the income statement for the...
The adjusted trial balance for Sunland Company is given below:
Prepare the income statement for the year ended August 31.
Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.)
Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)
Prepare a Trial Balance, Multi Step Income
Statement, Retained Earnings Statement, and Classified Balance
Sheet
the
values needed are all the way on the left in the photo. i started
the trial balance (the green chart) but could not get both sides to
equal.
ACCT 251 EXCEL ASSIGNMENT - PREPARING FINANCIAL STATEMENTS IN EXCEL (see instructions tab for detailed instructions) Prepare a multi-step income statement: Prepare a retained earnings statement: Prepare a classified balance sheet: 1,001,360 101,360 591,680 Service Revenue...
6. (20 points) Preparing financial statements from an adjusted trial balance North Star Inc. Adjusted Trial Balance 31-Dec-18 185,000 Allowance for Doubtl Accounts Inventory (as of 12/31/18) Supplies Equipment 2,400 275,000 355,000 27s… Building Accumulated Deperciatbn- Building 195,000 29,500 Accounts Payable Salaries and Wages Payable $O.10 Common Stock APIC Retained Earnings 145,000 Selling Expenses Administratve Expenses Income Tax Expense 289,300 s 245,000 $ 286,000 75,000 52,049,950 EXCEL >Use of EXCEL is required. Create your own EXCEL file to complete the...
5-11. Financial Statements. From an adjusted trial balance, you are given the following accounts in alphabetical order. On the columnar papers following, create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18,128 6,000 12,300 500 50,000 74.729 83,950 I Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Payable Cash Common Stock Cost of...
Hello there, just need some help with this multi-part accounting
problem. Please correct what I've already filled in if you find any
errors, and also please complete the rest by following the layout
given. Thank you so much!
Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January 31. 1. GIPl issued stock in...
5-11. Financial Statements from an adjusted trial balance you are given the following accounts in alphabetical order. On the columnar nan follow e columnar papers following create a multi-step Income Statement, a Statement of Retained Earnings, and a classified Balance Sheet in good form. Your Tum, Inc. Account Listing For the year ended June 30, 2027 8,562 18.128 6,000 12,300 500 50,000 74,729 83.950 Accounts Payable Accounts Receivable Accumulated Depreciation: Truck Additional Paid-In Capital Amortization Expense Bonds Pavable Cash Common...
The adjusted trial balance for Perfect Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Requirements 1. Prepare the income statement for the year ending December 31, 2016. 2. Prepare the statement of retained earnings for the year ending December 31, 2016. 3. Prepare the classified balance sheet as of December 31, 2016. Use the report form. Requirement 1. Prepare the income statement for the year ending December 31, 2016. (Use a minus Perfect...
6. (10 points) Preparing financial statements from an adjusted trial balance. North Star Inc. Adjusted Trial Balance 31-Dec-18 Debit Credit 185,000 14,250 Accounts Receivable Allowance for Doubtful Accounts Inventory (as of 12/31/18) Supplies Equipment Accumulated Deperciatbn - Equipment Building Accumulated Deperciaton- Building Land Accounts Payable Salaries and Wages Payable Mortgage Payable Common Stock$0.10 APIC Retained Earnings Sales Revenue coss Selling Expenses Administratve Expenses Income Tax Expense 48,000 2,400 275,000 180,000 195,000 29,500 355,000 275,000 125,000 1,000 145,000 84,000 289,300 245,000...
The adjusted trial balance for Sunland Company is given below:
Prepare the income statement for the year ended August 31.
Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.)
Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)
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