Required information [The following information applies to the questions displayed below.] The following trial balance was...

  

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Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 20,500 69,000 44,500 290,000 $ 78,600 76,500 190,000 59,000 19,900 $ 424,000 $ 424,000 Required b. Supply the missing information in the following pro forma income statement and balance sheet for the fourth quarter of year 2. The statements are prepared as of December 31, year 2. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Supply the missing information in the following pro forma balance sheet for the fourth quarter of year 2. The statement is prepared as of December 31, year 2. Note: Amounts to be deducted should be indicated by a minus sign. Round your answers to the nearest whole dollar. Assets Cash Accounts receivable Inventory Store equipment Balance Sheet Accumulated depreciation store equipment Book value of equipment Total assets Liabilities Accounts payable Utilities payable Sales commissions payable Line of credit Equity Common stock 290,000 $ 10,210 203,900 $ 463,733 7,371 59,000 Retained earnings 19,900 Total liabilities and equity $ 463,733 Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 20,500 69,000 44,500 290,000 $ 78,600 76,500 190,000 59,000 19,900 $ 424,000 $ 424,000 Required b. Supply the missing information in the following pro forma income statement and balance sheet for the fourth quarter of year 2. The statements are prepared as of December 31, year 2. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Supply the missing information in the following pro forma income statement for the fourth quarter of year 2. The statement is prepared as of December 31, year 2. Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Operating income Interest expense Net income 541,185 349,054 (2,980) $ 346,074 Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 20,500 69,000 44,500 290,000 $ 78,600 76,500 190,000 59,000 19,900 $ 424,000 $ 424,000 Required b. Supply the missing information in the following pro forma income statement and balance sheet for the fourth quarter of year 2. The statements are prepared as of December 31, year 2. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Supply the missing information in the following pro forma balance sheet for the fourth quarter of year 2. The statement is prepared as of December 31, year 2. Note: Amounts to be deducted should be indicated by a minus sign. Round your answers to the nearest whole dollar. Assets Cash Accounts receivable Inventory Store equipment Balance Sheet Accumulated depreciation store equipment Book value of equipment Total assets Liabilities Accounts payable Utilities payable Sales commissions payable Line of credit Equity Common stock 290,000 $ 10,210 203,900 $ 463,733 7,371 59,000 Retained earnings 19,900 Total liabilities and equity $ 463,733 Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 20,500 69,000 44,500 290,000 $ 78,600 76,500 190,000 59,000 19,900 $ 424,000 $ 424,000 Required b. Supply the missing information in the following pro forma income statement and balance sheet for the fourth quarter of year 2. The statements are prepared as of December 31, year 2. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Supply the missing information in the following pro forma income statement for the fourth quarter of year 2. The statement is prepared as of December 31, year 2. Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Operating income Interest expense Net income 541,185 349,054 (2,980) $ 346,074