Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income...

 

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Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income statement and the balance sheet as of December 31, 2011. Accounts payable Accounts receivable Bonds payable, long-term Buildings Cash Common stock Cost of goods sold Equipment $19,200 Inventory $43,200 36,000 Land 96,000 240,000 Goodwill 9,600 181,200 Retained earnings 72,000 57,600 480,000 Sales revenue 180,000 Supplies inventory. 3,600 216,000 Supplies expense 7,200 48,000 84,000 Wages expense Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income statement and the balance sheet as of December 31, 2011. Accounts payable Accounts receivable Bonds payable, long-term Buildings Cash Common stock Cost of goods sold Equipment $19,200 Inventory $43,200 36,000 Land 96,000 240,000 Goodwill 9,600 181,200 Retained earnings 72,000 57,600 480,000 Sales revenue 180,000 Supplies inventory. 3,600 216,000 Supplies expense 7,200 48,000 84,000 Wages expense

Answer rating: 100% (QA)

To prepare the income statement and balance sheet as of December 31 2011 we will use the provided ac... View the full answer