Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare...
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Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare the Financial Statements: The Income Statement should be a Multi-step Income Statement The Balance Sheet is a Classified Balance Sheet in the Vertical format. (3 columns) Vacations at the Beach, Inc Adjusted Trial Balance June 31, 2021 Account Cash Accounts Receivable Inventory Office Supplies Prepaid Insurance Machine - Surf Boards Accumulated Depreciation - Machine Building Accumulated Depreciation - Building Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Debit $ $ Rubric Income Statement Statement of Owner's Equity Balance Sheet $ $ $ Sales Cost of Goods Sold Sales Salary Expense Advertising Expense Office Salary Expense Office Supplies Expense Store Supplies Expense Depreciation Expense- Machine $ $ Depreication Expense - Store (Building) $ Surfing Camp Revenue - non recurring Totals 24,750 55,750 98,500 6,250 65,000 of 5,425 2,000 $ 3,525 4,785 2,750 7,000 Credit 1,000 1,465 5,150 275 300 325 $ 1,150 $ sssss $ 1,000 3,550 7,500 $ 17,725 $ 2,000 $ 250,000 $ 1,000 $ 283,925 $ 283,925 Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare the Financial Statements: The Income Statement should be a Multi-step Income Statement The Balance Sheet is a Classified Balance Sheet in the Vertical format. (3 columns) Vacations at the Beach, Inc Adjusted Trial Balance June 31, 2021 Account Cash Accounts Receivable Inventory Office Supplies Prepaid Insurance Machine - Surf Boards Accumulated Depreciation - Machine Building Accumulated Depreciation - Building Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Debit $ $ Rubric Income Statement Statement of Owner's Equity Balance Sheet $ $ $ Sales Cost of Goods Sold Sales Salary Expense Advertising Expense Office Salary Expense Office Supplies Expense Store Supplies Expense Depreciation Expense- Machine $ $ Depreication Expense - Store (Building) $ Surfing Camp Revenue - non recurring Totals 24,750 55,750 98,500 6,250 65,000 of 5,425 2,000 $ 3,525 4,785 2,750 7,000 Credit 1,000 1,465 5,150 275 300 325 $ 1,150 $ sssss $ 1,000 3,550 7,500 $ 17,725 $ 2,000 $ 250,000 $ 1,000 $ 283,925 $ 283,925
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The assignment requires you to prepare financial statements using the provided adjusted trial balance for Vacations at the Beach Inc dated June 30 2021 The financial statements to be prepared are an I... View the full answer
Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
Posted Date:
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