Question: Create a Balance Sheet, Profit and Loss Statement, Closing Entries, and Post Trial Balance Accounts Payable 922,200 Accounts Receivable 723,300 Cash 141,100 Common Stock 454,900
Create a Balance Sheet, Profit and Loss Statement, Closing Entries, and Post Trial Balance
Accounts Payable 922,200
Accounts Receivable 723,300
Cash 141,100
Common Stock 454,900
Cost of Goods sold 9,501,400
Debt Investments, short-term 382,600
Equipment 921,000
Accumulated Depreciation--Equipment 36,000
Goodwill 202,700
Income Tax Expense 30,500
Income Tax Payable 7,200
Interest Expense 1,500
Inventory 1,636,500
Mortgage Payable 451,500
Notes Payable, due in 6 months 784,600
Notes Payable, due in 3 years 50,500
Retained Earnings, as of December 31, 2014 1,310,400
Salaries & Wages Expense 2,933,600
Sales Revenue 12,456,900



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