Question: Exercise 24.a Using the infromations provided below create the fim's Income Statement and Classified Balance Sheet Adjusted Trial Balance Alphabetic Company 31-Dec-15 Accounts Receivable Buildings

Exercise 24.a Using the infromations provided below create the fim's Income Statement and Classified Balance Sheet Adjusted Trial Balance Alphabetic Company 31-Dec-15 Accounts Receivable Buildings cash Cost of Good Sold Depreciation Expense Equipment Inventory Land Marketing Expense office supplies office supplies Expense Patents Prepaid Marketing Taxes Expense Trademark Wages Expense Accouts Payable Accumulated depreciation on Buildings Accumulated depreciation on Equipment Common Stock Interest Revenue Mortgage Payable (all due in 5 years) Rent Revenue Retaining Earnings Sales Taxes Payable Wages Payable 5 22,000 120,000 16,000 280,000 6,000 320,000 52,000 35,000 9,000 1,000 3,000 20,000 3,000 45,000 25,000 100,000 $ 11,000 48,000 59,000 45,000 2,000 220,000 30,000 36,000 600,000 4,000 2,000 105 7000 1057000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
