The following list of accounts is from the general ledger of Mantzke Company. Prepare an income statement,
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The following list of accounts is from the general ledger of Mantzke Company. Prepare an income statement, the AOCI, and retained earnings portion of the statement of shareholders’ equity, and a balance sheet for the fiscal year ended December 31, 2019. Ignore income taxes.
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Cash Sales Unrealized Gain on AFS Securities Trading Securities Cost of Goods Sold Investment in Ford Motor Company Bonds Investment in General Motors Company Common Stock Notes Payable, due in 120 days Accounts Payable Selling and Administrative Expenses Interest Revenue Land Buildings Dividends Payable Dividend Revenue Accrued Liabilities Accounts Receivable Accumulated Depreciation, Buildings Allowance for Uncollectible Accounts Interest Expense Inventory Gain on Sale of Equipment Prior Period Adjustment of Underreported Expenses (net of tax of $84,000) Long-Term Notes Payable Discount on Notes Payable Equipment Bonds Payable Premium on Bonds Payable Accumulated Depreciation, Equipment Copyrights and Patents Treasury Stock Retained Earnings (January 1, 2019) Accumulated Other Comprehensive Income (January 1, 2019) Preferred Stock Common Stock Additional Paid-in Capital Prepaid Assets $ 234,000 16,595,000 5,000 306,000 10,200,000 558,000 664,000 180,000 950,000 5,800,000 74,560 620,000 2,080,000 320,000 61,440 172,000 870,000 304,000 50,000 422,000 1,194,000 160,000 196,000 1,800,000 20,000 1,200,000 2,200,000 45,000 80,000 675,000 382,000 394,000 10,000 800,000 1,180,000 160,000 120,000
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Mantzke Company Income Statement For the Year Ended December 31 2019 Sales 16595000 Cost of Goods So...View the full answer
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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