Question: The 9 Flags Resort and Theme Park has provided you the following information for the year 2022: Cash Accounts receivable Accumulated depreciation-equipment Notes payable Accounts

The 9 Flags Resort and Theme Park has provided you the following information for the year 2022: Cash Accounts receivable Accumulated depreciation-equipment Notes payable Accounts payable Common stock Cost of goods sold Depreciation expense Dividends Equipment Interest expense Patents Advertising Expense Retained earnings, January 1 Salaries and wages expense Sales revenue Inventory $14,400 23,100 20,000 35,400 30,600 45,000 113,900 1. Income Statement 2. Retained Earnings Statement 3. "Classified" Balance Sheet 6,100 8,800 61,200 2,500 18,500 3,200 19,500 26,200 202,500 75,100 Instructions: Prepare the following statements in a proper format including headings and correct dates:
 The 9 Flags Resort and Theme Park has provided you the

The 9 Flags Resort and Theme Park has provided you the following information for the year 2022: Instructions: Prepare the following statements in a proper format including headings and correct dates: 1. Income Statement 2. Retained Earnings Statement 3. "Classified" Balance Sheet

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!