Question: the second one is question and the first one required things and this is an assignment of accounting Name: Type your name bere? Cl Es

Name: Type your name bere? Cl Es Excel Templates Chapter 12 CP12-3 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Given Data } \\ \hline \multicolumn{3}{|c|}{ HUNTER COMPANY } \\ \hline & 2020 & 2019 \\ \hline \multicolumn{3}{|l|}{ Balance Sheet at December 31} \\ \hline Cash & 44,000 & 18,000 \\ \hline Accounts Receivable & 27.000 & 29,000 \\ \hline Merchandise Inventory & 30,000 & 36,000 \\ \hline Property and Equipment & 111,000 & 102,000 \\ \hline \multirow[t]{2}{*}{ Less: Accumulated Depreciation } & (36,000) & (30,000) \\ \hline & 176,000 & 155,000 \\ \hline Accounts Payable & 25,000 & 22,000 \\ \hline Wages Payable & 800 & 1,000 \\ \hline Note Payable, Long-Term & 38,000 & 48,000 \\ \hline Contributed Capital & 80,000 & 60,000 \\ \hline \multirow[t]{2}{*}{ Retained Earnings } & 32,200 & 24,000 \\ \hline & 176,000 & 155,000 \\ \hline \multicolumn{3}{|l|}{ Income Statement for 2020} \\ \hline Sales & 100,000 & \\ \hline Cost of Goods Sold & 61,000 & \\ \hline Other Expenses & 27,000 & \\ \hline Net Income & 12,000 & \\ \hline \end{tabular} Additional Data: a. Cash paid for equipment. b. Cash paid on long-term note payable. c. Cash received from issuing new shares. d. Cash dividend declared and paid. e. Other expenses: Depreciation Wages Taxes Other 9,000 10.000 20,000 3,800 f. Accounts payable includes only inventory purchases on credit. Taxes and other expenses paid fully in cash
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
