B. Below is a Trial Balance for ABC Company. Prepare a Balance Sheet, Income Statement, and...

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B. Below is a Trial Balance for ABC Company. Prepare a Balance Sheet, Income Statement, and Statement of Changes of Stockholders' Equity in good form. A Accounts receivable & Sales revenue E Salaries expense A Buildings and equipment Accumulated depreciation XA Unearned fees L ABC Company Adjusted Trial Balance At 12/31/2021 A Cash DE Income taxes expense L Accrued expenses payable L Long-term debt A Land L Accounts payable SERetained earnings E Rent expense E Interest expense A Inventories LIncome taxes payable E Prepaid expenses OE Depreciation expense Cost of sales E SE Common stock Interest income SE Additional paid-in capital Totals Debit 420 640 1,300 175 135 300 460 70 710 30 150 780 5,170 Credit 2,400 250 90 160 1,360 250 150 50 100 60 300 5,170 B. Below is a Trial Balance for ABC Company. Prepare a Balance Sheet, Income Statement, and Statement of Changes of Stockholders' Equity in good form. A Accounts receivable & Sales revenue E Salaries expense A Buildings and equipment Accumulated depreciation XA Unearned fees L ABC Company Adjusted Trial Balance At 12/31/2021 A Cash DE Income taxes expense L Accrued expenses payable L Long-term debt A Land L Accounts payable SERetained earnings E Rent expense E Interest expense A Inventories LIncome taxes payable E Prepaid expenses OE Depreciation expense Cost of sales E SE Common stock Interest income SE Additional paid-in capital Totals Debit 420 640 1,300 175 135 300 460 70 710 30 150 780 5,170 Credit 2,400 250 90 160 1,360 250 150 50 100 60 300 5,170

Answer rating: 100% (QA)

ABC Company Balance Sheet December 31 2021 Assets Cash 175 Accounts receivable 420 Inventories 710 P... View the full answer