Question: help I need mutip statment and classify balance sheets with statement of owner equity The following list includes all of the account balances from Blue
The following list includes all of the account balances from Blue and White Company's general ledger on December 31, 2020, after all the adjusting entries have been posted. The accounts are listed in alphabetical order, and all accounts have a normal balance. This was Blue and White Company's first year in business Instructions: Using the information provided above, prepare a multiple-step income statement, statement of owner's equity, and classified balance sheet for Blue and White Company for the fiscal year ending December 31, 2020. Enter your answer in the space provided below on Connect. The accounts in your financial statements should be in the proper format, but you do not need to align amounts in neat columns. DO NOT ABBREVIATE ACCOUNT TITLES Accounts payable $38,247 Accounts receivable 34,521 Accumulated depreciation-machinery 18,500 Allowance for doubtful accounts 2,105 Cash 20,654 Cost of goods sold 354,321 General and administrative expenses 44,987 Interest expense 6,870 Machinery 185,000 Merchandise inventory 40,305 Notes payable (due June 30, 2025) 110,000 Office Supplies 357 Prepaid rent S. Jones. Capital 35.479
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