Use the data for Spark?s Electrical Supply, Inc., from E4-22A. Requirement Prepare Spark?s Electrical Supply, Inc.?s classified
Question:
Use the data for Spark?s Electrical Supply, Inc., from E4-22A.
Requirement
Prepare Spark?s Electrical Supply, Inc.?s classified balance sheet. Use the account format. The balance shown for Retained Earnings represents the balance before closing the temporary accounts for the year.
Transcribed Image Text:
Cost of Goods Sold . $123,700 Accumulated Depreciation, Equipment . Unearned Revenues. $ 6,450 48,800 5,800 Cash.. Equipment. Accounts Payable.. Common Stock. Long-Term Notes Payable.. General Expenses. Salaries Payable. Supplies. Building. Estimated Refund 13,700 2,350 271,600 5,100 35,000 10,000 24,500 Sales Revenue.... Accounts Receivable . Accumulated Depreciation, Building. Mortgage Payable (Long-Term) Dividends.. Estimated Inventory Returns.. Selling Expenses . Inventory.. 1,450 950 38,000 135,000 25,900 45,000 1,500 37,000 16,050 Liability Prepaid Rent. Interest Expense Retained Earnings. 2,300 1,750 750 40,450
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Sparks Electrical Supply Inc Balance Sheet August 31 2018 Assets Liabilities Current Ass...View the full answer
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