Question: Need help on the whole page Using the information from the trial balance, prepare the following statements for Trust Me Company in proper form using
Need help on the whole pageUsing the information from the trial balance, prepare the following statements for Trust Me Company in proper form using EXCEL (Directions are in Appendix A): A Multiple-step income statement for the year ended December 31. Statement of Retained Earnings for the year ended December 31, 2016. Classified Balance Sheet dated December 31. 2016. Determine the missing amount in the basic accounting equation for each of the following: X: $82,000 + $41, 500 $39, 750 = X + $18, 400 $79,000 = $28, 100 + X Determine the missing amount in the expanded accounting equation for each of the following: Assets = Liabilities + Com.Stk + Beg R/E + Revenues - Expenses - Dividends $96,000 = $39,000 + $12,000 + $15,000 + $58,000 - $27,000 - X $97,000 = X + $60,000 + $18,000 + $56,000 - $42,000 - $16,000 $78,000 = $41,000 + $15,000 + $11,000 + $50,000 - X - $8,000 $104,000 = $55,000 + $43,000 + $18,000 + X - $38,000- $11,000
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