prepare: 1 . The income statement. 2 . The statement of retained earnings. 3 . The balance
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- prepare: The income statement. The statement of retained earnings. The balance sheet. Ratios that can be calculated from the data presented. Debit $Cash Accounts receivable Inventory Long term investment Property, plant, and equipment Discount on bonds payable Dividends Treasury stock Cost of goods sold Selling and administrative expenses Depreciation expense Other expense Bad debt expense Rent expense Interest expense Income tax expense Totals Credit $Allowance for bad debts Accumulated depreciation Accounts payable Accrued payables Unearned revenues Other long term liability Bonds payable Deferred income tax. Preferred stock Common stockAdditional paidin capital Retained earningsOperating revenues Totals
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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