Business
Financial Accounting
Suppose Robin Sporting Goods Company reported the following data at

Suppose Robin Sporting Goods Company reported the following data at

Suppose Robin Sporting Goods Company reported the following data at July 31, 2018, with amounts in thousands:

Retained earnings, July 31, 2017 . Accounts receivable... Net revenues Total current liabilities.. All other expenses Ot

Use these data to prepare Robin Sporting Goods Company’s single-step income statement for the year ended July 31, 2018; statement of retained earnings for the year ended July 31, 2018; and classified balance sheet at July 31, 2018. Use the report format for the balance sheet. Draw arrows linking the three statements.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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Retained earnings, July 31, 2017 . Accounts receivable... Net revenues Total current liabilities.. All other expenses Other current assets.... Cost of goods sold. . Cash. . Property and equipment, net .. Common stock. . Inventories . Long-term liabilities $ 31,500 $136,800 34,000 191,000 80,000 29,000 5,000 30,000 50,000 19,400 26,000 36,000 11,700 ......... Other assets.. .......... Dividends..