Prepare multiple-step income statement, retained earnings statement and classified balance sheet using the information below. Note:...
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Prepare multiple-step income statement, retained earnings statement and classified balance sheet using the information below. Note: all items must be used, and only once. Cost of Goods Sold RE-Beginning 19,920 ST Investments 1,800 2,000 17,000 4,000 2,020 Unearned Revenue Building Rental Exp Accum. Deprn Prepaid Ins. Investment in XYZ Co. Investment in Real Estate Deferred Income Tax Insurance Exp Deprn Exp Income Tax Exp. Current Maturities of Long-term Debt Other Selling, General, and Admin Exp(including RE: Retained Earnings Div: Dividends LT: Long-term ST: Short-term C.S.: Common Stock Rev: Revenue Int: interest /P: Payable /R: Receivable 10,000 200 900 900 N: Notes 2,500 2,300 5,300 2,000 300 500 500 200 3.000 Salaries Exp, Repair Exp, Utility Exp) Deprn: Depreciation Ins: Insurance A/R A/P Service Rev Supplies Goodwill Inventory Land Salaries/P N/R C.S. Building EXP: Expense 500 2,000 300 1,000 10,000 20,000 Cash Div Patents Int/P Int Exp LT Debt Equip N/P due in 3 years Rent Rev Supplies Exp 1,400 600 300 100 100 10,000 16,000 5.000 1.000 200 200 Prepare multiple-step income statement, retained earnings statement and classified balance sheet using the information below. Note: all items must be used, and only once. Cost of Goods Sold RE-Beginning 19,920 ST Investments 1,800 2,000 17,000 4,000 2,020 Unearned Revenue Building Rental Exp Accum. Deprn Prepaid Ins. Investment in XYZ Co. Investment in Real Estate Deferred Income Tax Insurance Exp Deprn Exp Income Tax Exp. Current Maturities of Long-term Debt Other Selling, General, and Admin Exp(including RE: Retained Earnings Div: Dividends LT: Long-term ST: Short-term C.S.: Common Stock Rev: Revenue Int: interest /P: Payable /R: Receivable 10,000 200 900 900 N: Notes 2,500 2,300 5,300 2,000 300 500 500 200 3.000 Salaries Exp, Repair Exp, Utility Exp) Deprn: Depreciation Ins: Insurance A/R A/P Service Rev Supplies Goodwill Inventory Land Salaries/P N/R C.S. Building EXP: Expense 500 2,000 300 1,000 10,000 20,000 Cash Div Patents Int/P Int Exp LT Debt Equip N/P due in 3 years Rent Rev Supplies Exp 1,400 600 300 100 100 10,000 16,000 5.000 1.000 200 200
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Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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