Question: create an income statement based off this trial balance Eagles Nest Inc. Trial Balance December 31, 2012 Cash Accounrt receivable Allowance for bad debts Raw
create an income statement based off this trial balance Eagles Nest Inc. Trial Balance December 31, 2012 Cash Accounrt receivable Allowance for bad debts Raw materials inventory Work in process inventory Finished goods inventory Prepaid expenses Property. Plant and Equipment Accumulated depreciation Accounts payable Accrued expenses Current lease payable Long term lease payable Common stock Paid in capital Retained earnings 244,735.00 549.145.00 (35,000.00 25,000.00 100,000.00 15,000.00 10,000.00 750,000.00 (375.000.00) (120,000.00) (100,000.00) (24.000,00) (72,000.00) (250,000.00) (150,000.00) (251,900.00) Sales Materials Direct labor Payroll taxes (direct labor) Consumable supplies Benefits (direct labor) Miscellaneous Production supervisor Payroll taxes (supervisor) Benefits (supervisor) Depreciation Utilities (4,500,000.00 1,808,910.00 602,752.50 104,477.50 90,000.00 170,000.00 25,000.00 45,000.00 4,500.00 5,000.00 125,000.00 23,000.00 Salaries Payroll taxes (salaries) Benefits (salaries) Computer costs Building maintenance Miscellaneous Interest Income taxes 750,000.00 100,000.00 80,000.00 15,000.00 15,000.00 40,000.00 75,000.00 105,340.00
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
