Question: Problem II. LO 2. The income statement and balance sheet columns of the financial statement worksheet of Anis Restaurant, for the year ended Dec 31,


Problem II. LO 2. The income statement and balance sheet columns of the financial statement worksheet of Anis Restaurant, for the year ended Dec 31, 2019 follows: (Total : 16 POINTS) Dr 1.875 Income statement Balance sheet Dr Cr Cash 4,000 Accounts Receivable 8,000 Accounts Payable 9,300 Income taxes payable Interest expense 500 Salaries and wages 6,500 Property and equipment 13,825 Accumulated depreciation 4,200 Common stock 15,725 Retained earnings 3,275 Income tax expense 750 Other expenses 7,200 Sales 23,000 Other income 500 14,950 23,500 25,825 34,375 a/ Prepare an income statement, a statement of retained earnings, and a balance sheet as of Dec 31, 2019 and for the year then ended. *Prepare a statement of retained earnings (6 POINTS) *Prepare a balance sheet (5.75pts) w we year we tu. "Income statement (4.25 POINTS) Problem II. LO 2. The income statement and balance sheet columns of the financial statement worksheet of Anis Restaurant, for the year ended Dec 31, 2019 follows: (Total : 16 POINTS) Dr 1.875 Income statement Balance sheet Dr Cr Cash 4,000 Accounts Receivable 8,000 Accounts Payable 9,300 Income taxes payable Interest expense 500 Salaries and wages 6,500 Property and equipment 13,825 Accumulated depreciation 4,200 Common stock 15,725 Retained earnings 3,275 Income tax expense 750 Other expenses 7,200 Sales 23,000 Other income 500 14,950 23,500 25,825 34,375 a/ Prepare an income statement, a statement of retained earnings, and a balance sheet as of Dec 31, 2019 and for the year then ended. *Prepare a statement of retained earnings (6 POINTS) *Prepare a balance sheet (5.75pts) w we year we tu. "Income statement (4.25 POINTS)
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