Creating a balance sheet income statement and a statement of stockholders equity

TRIAL BALANCE FOR PREPARATION OF FINANCIAL STATEMENTS	AMOUNT
Cash	$25,600
Accounts Receivable	10,800
Inventories	81,000
Property, Plant and Equipment-Net	42,000
Accounts Payable	46,140
Long-Term Debt	2,520
Common Stock	87,000
Retained Earnings - BEGINNING	0
Dividends Paid	10,000
Sales-Net	128,400
Cost of Goods Sold	60,000
Operating Expenses	20,000
Other Expenses	200
Income Tax Expenses	14,460

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This question is about preparing financial statements more specifically a balance sheet an income st... View the full answer