Use trial balance given below to prepare a properly formatted balance sheet Cash Accounts Receivable Bakery Supplies

Use trial balance given below to prepare a properly formatted balance sheet

  

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Cash Accounts Receivable Bakery Supplies Bakery Shop Equipment Delivery Van Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Bakery Supplies Expense Rent Expense Utilities Expense Van Maintenance Expense Totals $27,500 5,250 7,300 143,000 65,000 12,000 26,075 17,425 15,100 4,360 1.600 $324.610 $5,600 5,800 30,290 150,000 47,525 85,395 $324.610 Cash Accounts Receivable Bakery Supplies Bakery Shop Equipment Delivery Van Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Bakery Supplies Expense Rent Expense Utilities Expense Van Maintenance Expense Totals $27,500 5,250 7,300 143,000 65,000 12,000 26,075 17,425 15,100 4,360 1.600 $324.610 $5,600 5,800 30,290 150,000 47,525 85,395 $324.610

Answer rating: 100% (QA)

Net Income Usually Goes to the Retained Earnings So we have to Calculate the Retained Ear... View the full answer