Question: I need some help with this problem please: . BE - T O J K L M . 11 I Chapter 5 Homework#3 File Edit
I need some help with this problem please:
. BE - T O J K L M . 11 I Chapter 5 Homework#3 File Edit View Insert Format Data Tools Add-ons Help All changes saved in Drive na 100% - $ % .0 .00 123, Arial - 12 - BI . A fx 1 EXERCISE #3 2 Following is the adjusted trial balance for Gonzales Company for January 2020: 3 DRTCR Cash 23,400 Accounts Receivable 37,600 Merchandise Invento 90,000 Land 92,000 8 Buildings 197,000 9 Accum. Depr. - Bldr 64,000 10 Equipment 83,500 11 Accum. Depr. - Equi 47,400 12 Accounts Payable 37,500 13 Interest Payable 7,000 14 Long-Term Notes Pa 50,000 15 Common Stock 100,000 16 Retained Earnings 167,800 17 Dividends Declared 10,000 18 Sales 911,600 19 Sales Discounts 4,600 20 Salees Returns and 5,300 21 Cost of Goods Sold 709,900 22 Selling Expenses 94,000 23 Administrative Expe 35,000 24 Miscellaneous Rever 4,000 Interest Expense 7,000 Totals 1,389,300 1,389,300 Instructions (a) Compute the following amounts: 1. Net Sales 901,700 2. Gross Profit 191,800 3. Operating Income 62,800 4. Net Income 59,800 5. Ending Retained Earnings 6. Current Assets 7. Plant Assets 8. Total Assets 9. Current Liabilities 10. Long-Term Liabilities 11. Total Liabilities 12. Total Stockholders' Equity 13. Total Liabilities and Stockholders' Equity
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