Question: Prepare a financial statement about the data that i put on the file. I need to put liabilities, assets, stockholders and etc.. FINANCIAL STATEMENT PROJECT

Prepare a financial statement about the data that i put on the file. I need to put liabilities, assets, stockholders and etc..

Prepare a financial statement about the data that i put on the

FINANCIAL STATEMENT PROJECT ASSIGNMENT #4 Below is the trial balance of Boss Corporation on December 31, 2015. The accounts are listed in alphabetical order and all accounts have normal balances. Account Title: Balance: Account Title: Accounts Payable 22 Interest Receivable Accounts Receivable 65 Interest Revenue Accum. Amort. - Patents 45 Land Accum. Depl. - Oil Reserve 210 Long-Term Notes Payable Accum. Depr. - Bldngs. 120 Loss on Plant Asset Disposal Accum. Depr. - Equip. 90 Merchandise Inventory Administrative Expenses 840 Miscellaneous Revenues Allowance for Bad Debts 15 Notes Receivable (3 month) APIC-Common 180 Oil Reserve APIC-Preferred 50 Patent APIC-Treasury 20 Preferred Stock Buildings 640 Prepaid Insurance Cash 99 Retained Earnings Cash Dividends Declared 50 Salaries Payable Common Stock 300 Sales Common Stock Dividend Distributable 20 Sales Discounts Cost of Goods Sold 2,110 Sales Returns & Allowances Equipment 440 Selling Expenses Dividends Payable 30 Short-Term Notes Payable FICA Taxes Payable 20 Stock Dividends Declared FUTA Taxes Payable 4 Supplies Income Tax Expense 170 SUTA Taxes Payable Interest Expense 30 Treasury Stock Interest Payable 5 REQUIRED: Prepare the financial statements for the year for Boss Corporation--a multi-step income statement, a statement of retained earnings and a classified balance sheet. Balance: 3 6 250 100 15 44 10 90 800 120 150 26 158 13 6,480 400 800 950 18 35 18 9 80

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!