PLEASE PREPARE THE COMPARATIVE FINANCIAL STATEMENTS OF THE FOLLOWING:

Statement of Changes in Shareholders’ Equity

Statement of Cash Flows.

ALL INFORMATION ARE GIVEN ABOVE

Transcribed Image Text:

Fall Bake Shop Corporation Adjusted Trial Balance December 31 5% Preference share capital, P100 par Accounts payable Accounts receivable Accumulated depreciation - Building Accumulated depreciation - Cooking equipment Accumulated Depreciation - Office equipment Accumulated depreciation - Store equipment Allowance for bad debts Building Cash Cooking equipment Cost of goods sold Deficit Depreciation expense -building Depreciation expense - office equipment Depreciation expense - store equipment Dividends payable Doubtful accounts Finished goods inventory Freight-out Income tax expense Income tax payable Insurance expense of goods sold in transit Interest expense Interest income Land Loss due to fire Notes payable, due on December 31, 2021 Office equipment Debit 2020 2,328,300.00 3,500,000.00 99,860.00 3,500,000.00 21,972,168.00 4,070,480.00 70,000.00 500,000.00 400,000.00 4,240.00 1,374,912.00 1,355,100.00 0.00 271,020.00 96,000.00 3,000,000.00 500,000.00 2,500,000.00 Credit 7,100,000.00 819,500.00 140,000.00 1,400,000.00 1,000,000.00 800,000.00 46,570.00 ? 0.00 100,000.00 800,000.00 Debit 2019 2,116,700.00 3,500,000.00 588,370.00 3,500,000.00 22,138,550.00 70,000.00 500,000.00 400,000.00 42,330.00 1,354,320.00 1,231,900.00 0.00 246,380.00 60,000.00 2,400,000.00 0.00 2,500,000.00 Credit 6,700,000.00 807,300.00 70,000.00 700,000.00 500,000.00 400,000.00 42,330.00 0.00 ? 0.00 20,000.00 500,000.00 Fall Bake Shop Corporation Adjusted Trial Balance December 31 5% Preference share capital, P100 par Accounts payable Accounts receivable Accumulated depreciation - Building Accumulated depreciation - Cooking equipment Accumulated Depreciation - Office equipment Accumulated depreciation - Store equipment Allowance for bad debts Building Cash Cooking equipment Cost of goods sold Deficit Depreciation expense -building Depreciation expense - office equipment Depreciation expense - store equipment Dividends payable Doubtful accounts Finished goods inventory Freight-out Income tax expense Income tax payable Insurance expense of goods sold in transit Interest expense Interest income Land Loss due to fire Notes payable, due on December 31, 2021 Office equipment Debit 2020 2,328,300.00 3,500,000.00 99,860.00 3,500,000.00 21,972,168.00 4,070,480.00 70,000.00 500,000.00 400,000.00 4,240.00 1,374,912.00 1,355,100.00 0.00 271,020.00 96,000.00 3,000,000.00 500,000.00 2,500,000.00 Credit 7,100,000.00 819,500.00 140,000.00 1,400,000.00 1,000,000.00 800,000.00 46,570.00 ? 0.00 100,000.00 800,000.00 Debit 2019 2,116,700.00 3,500,000.00 588,370.00 3,500,000.00 22,138,550.00 70,000.00 500,000.00 400,000.00 42,330.00 1,354,320.00 1,231,900.00 0.00 246,380.00 60,000.00 2,400,000.00 0.00 2,500,000.00 Credit 6,700,000.00 807,300.00 70,000.00 700,000.00 500,000.00 400,000.00 42,330.00 0.00 ? 0.00 20,000.00 500,000.00

Answer rating: 100% (QA)

Statement of Changes in Shareholders Equity Ordinary Share Capital Preference Share Capital Share Premium Ordinary Share Premium Preference Treasury S... View the full answer