Question: Can someone please help me create a income statement and balance sheet from this trial balance? Opening Balance Shee - Debit 391,087,500 207,000,000 T .

Can someone please help me create a income statement and balance sheet from this trial balance?Can someone please help me create a income statement and balance sheet

Opening Balance Shee - Debit 391,087,500 207,000,000 T . - - 82.750.000 3,600,000 14,300,000 170,000,000 113111 - L - - 20.912.500 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Supplies Pre-Paid Expense Property Plant and Equipment Accumulated Depreciation Patent Accounts Payable Unearned Revenue Salaries and Wages Payable FICA Withholding Payable Federal Income Tax Payable State Income Tax Payable Payable Bond Payable Premium/Discount Common Stock Additional Paid In Capital Treasury Stock Retained Earnings Revenue Cost of Goods Sold Rent Expense Salaries and Wages Expense Payroll Tax Expense Depreciation Expense Amortization Expense (Patent) Bad Debt Expense Supplies Expense Interest Expense Totals Credit Adjusted Trial Balance 391,087,500 207,000,000 11,385,000 (11,385,000) 82,750,000 3,600,000 14,300,000 170,000,000 625,000 (625,000) 20,912,500 311,000,000 (311,000,000) 25,000,000 (25,000,000) 3,900,000 (3,900,000) 700,000 (700,000) 500,000 (500,000) 250,000 (250,000) 100,000,000 (100,000,000) (2,500,000)| 2,500,000 20,000,000 (20,000,000) 380,000,000 (380,000,000)| 2,300,000 T T - - - 2,300,000 232,000,000 170,250,000 1,300,000 5,000,000 350,000 625,000 87,500 11,385,000 1,400,000 512,500 1,082,860,000 (232,000,000) 170,250,000 1,300,000 5,000,000 350,000 625,000 87,500 11,385,000 1,400,000 512,500 1,082,860,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!