The Second years Income Statement Multiple Step, must have at least the following

accounts and may have others

i.Sales and/or Service Revenue, ii.Returns and allowances, iii.Sales Discounts, iv.Cost of goods sold, v.Expenses

1.Rent Expense,2.Utility Expense,3.Salary Expense,4.Insurance Expense,5.Depreciation Expense,6.Interest Expense,7.Income tax expense

vi.Net Income

B. Second year ending balance sheet

i.The Balance Sheet must have at least the following asset accounts and may have others as needed.

1.Cash, 2.Accounts Receivable, 3.Supplies, 4.A Prepaid Asset, 5.Equipment and accumulated depreciation,6.Building and accumulated depreciation

ii.The Balance Sheet must have at least the following three Liability Accounts and may have more as needed.

1.Accounts Payable, 2.Salary Payable, 3.Unearned Revenue,4.Mortgage,5.Notes Payable

iii.The Balance Sheet must have at least the following two Stockholders Equity Accounts and may have others as needed.

1.Common Stock, 2.Retained Earnings

c.All general journal entries related to the second years Income Statement and Balance Sheet at the end of the second year.

d.General Ledger

i. Prepare an account in the General Ledger for each account used in the Balance Sheet

ii. Prepare a balance for each account in the General Ledger

AutoSave OFF OFF A SUBES Kato subs, Excel sheet, Ben and Trey pt.2 Home Insert Draw Page Layout Formulas Review View Developer Tell me Share Comments X Calibrl (Body) ~ Al A v 11 et Wrap Text General Insert v Y. 4 v V Paste B I Av = = = Merge & Center $ > Delete Format Conditional Format Cell Formatting es Table Styles Y Ideas Sort & Filter Sensitivity v Find & Select V Q25 fy B 0 F . H L M N 0 P a S T w X 4 HH SWT 1/29/21 La Current Liabile AUD. Payable Notes Payable Income Tax Payak Total Urbies $100,000 $5,000 $25,000 $40,000 $10,000 $199,000 $20,000 $10,000 $10.000 $40.000 Stockholders Equity Comenik $30.000 Petandeaming $100.000 SeNice Rescnc $10.000 Toto Stockhokor Equity $140.000 Tata Stokholer Equity & labies S 6 7 Assets 8 Current Assets 9 Cash 10 Prepaid Insurance 11 Supplies 12 Elment 13 Accounts Recevable 14 Total Assets 15 16 17 18 19 20 21 n1 Cash 22 $150.000 Kab Sub cuma 1/29/21 Com Prepaid $5,000 Lasli $5,000 I 24 24 jan 25 26 27 jan 9 . 22 29 30 jan 16 Spa $25,000 Cash $25,000 $10,000 Accounts receivable Services $10,000 Equipment $40,000 Cash $40,000 Kata Subs General Ledger 1/29/21 32 33 jan 23 34 35 36 37 38 39 40 41 42 43 44 45 46 47 42 49 50 Cash $100,000 $300 Accounts Recevabe Susples 325.000 $50.00 Equipment 50 $1 MI Sh surance $5,000 $ Auris gali $20,000 Nulles wat $ $100 In The $10.000 Sheet1 Sheet2 + Ready ED - + 90% AutoSave OFF OFF A SUBES Kato subs, Excel sheet, Ben and Trey pt.2 Home Insert Draw Page Layout Formulas Review View Developer Tell me Share Comments X Calibrl (Body) v 11 ~ Al A 2 Wrap Text Insert v General Y , 4 v V Paste B BIU Av = = = - Merge & Center % ! > Delete Format Conditional Format Cell Formatting es Table Styles Y Ideas Sort Filter Sensitivity v Find & Select V L M N 0 P a B S T V W Serv L v $10,000 . $100,000 Kato Subs Income statement 1/2012 FANO Service levende $10.000 EXT & Lates Per Pepe Lespense Irrare- Tot NI 1AN $5,150 Q25 fx B A C . E D H 54 Rucand Earning Common Stock 55 $30,000 56 57 52 59 GO 61 62 Kaba Subs 63 tralia are 64 1/29/21 65 66 prepaid insurance $5,000 67 Cash $100,000 68 mounts rer peale $19000 69 Supplies $25000 70 TL $100 71 anints Payable $20 72 News Payable $100 73 Internetne Payable $10000 74 Canina $30,000 75 Retina $100,000 76 Survive $10,000 77 Taal $180,000 $199,000 78 79 Kate Subs 80 Cass Madblance sheet 81 1321 82 3 Cumentat 84 Cash $100,000 US Acco.nts recetable $10,000 86 supples $25,000 87 Preceid insurance SSOR 88 Total $190,000 89 PRO aan 90 Buiding 550.000 91 Coupem 500000 92 520000 93 Total S11112 94 95 TA : Sa 09 96 97 Lisa Hastaxkhadkan 92 99 Nelas uval $10,000 100 Anila payable $20,000 Sheet1 Sheet2 + Kara Buba joumalny 2/30/2: Jan. 30 $20,000 Senice Perce Income summary $10.000 Jan.31 $490 Income summary Pent Expense Utes expense Wages expense Ineurante expense $2 DOO SGOO $1500 Feh Ime Mar Wptered wames Kala Sul Ready # E- 90% AutoSave OFF OFF A SUBES Kato subs, Excel sheet, Ben and Trey pt.2 Home Insert Draw Page Layout Formulas Review View Developer Tell me Share Comments X Calibrl (Body) ~ Al A v 11 2 Wrap Text General Insert v Y , 4 v V Paste B 1 I U 7 Av = = = Merge & Center Y > Delete Format Conditional Format Cell Formatting es Table Styles Ideas Sort Filter Sensitivity v Find & Select V Q25 . A B C D E F . . M N N | 0 a R S T V W Tegal utts w $140,000 Propurcy plant & cum eiding $50,000 Ecuan $40,000 acc. Dopreda $20,000 Total $110,002 $2.000 $600 $1.500 $750 $ Insurance pense Feb. 2 $5.150 Income summary Retained camings $5.150 Totalt $250.002 89 89 90 92 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 Usbrandcharsher.co.in MARIRI Notes payable $10,000 $ Accounts payable $20,000 Salary payable $15.000 Unesmedler Rev Total 57 Kata Sube General ledger 1/21 Precadins. AITS web $11 Spales $25 SIR $100 $ Morguya Totalles $100 SH0.000 RE $25 $ $50 Slaskickles woul Common stack Muinai saries Total LS SE $30,000 $100,000 5210,000 $50,000 $10.000 $25.000 $5.000 Buiding $50,000 Accumulated depreciation $ $20.000 Nos payable $20.000 Acconta payabile $20.000 550.000 $20.000 $10000 $20 DCO 117 118 119 120 121 122 123 124 125 126 127 178 129 Montraceable Common Stovky Salary Payable $15/20 heameve were $250 Hetained NTING SEXI 130 $15.000 $25.000 $10.000 131 132 133 134 $20,000 $100,000 Sheet2 + Sheet1 1 Ready ED - + 90% AutoSave OFF OFF A SUBES Kato subs, Excel sheet, Ben and Trey pt.2 Home Insert Draw Page Layout Formulas Review View Developer Tell me Share Comments X Calibrl (Body) ~ Al A v 11 et Wrap Text General Insert v Y. 4 v V Paste B I Av = = = Merge & Center $ > Delete Format Conditional Format Cell Formatting es Table Styles Y Ideas Sort & Filter Sensitivity v Find & Select V Q25 fy B 0 F . H L M N 0 P a S T w X 4 HH SWT 1/29/21 La Current Liabile AUD. Payable Notes Payable Income Tax Payak Total Urbies $100,000 $5,000 $25,000 $40,000 $10,000 $199,000 $20,000 $10,000 $10.000 $40.000 Stockholders Equity Comenik $30.000 Petandeaming $100.000 SeNice Rescnc $10.000 Toto Stockhokor Equity $140.000 Tata Stokholer Equity & labies S 6 7 Assets 8 Current Assets 9 Cash 10 Prepaid Insurance 11 Supplies 12 Elment 13 Accounts Recevable 14 Total Assets 15 16 17 18 19 20 21 n1 Cash 22 $150.000 Kab Sub cuma 1/29/21 Com Prepaid $5,000 Lasli $5,000 I 24 24 jan 25 26 27 jan 9 . 22 29 30 jan 16 Spa $25,000 Cash $25,000 $10,000 Accounts receivable Services $10,000 Equipment $40,000 Cash $40,000 Kata Subs General Ledger 1/29/21 32 33 jan 23 34 35 36 37 38 39 40 41 42 43 44 45 46 47 42 49 50 Cash $100,000 $300 Accounts Recevabe Susples 325.000 $50.00 Equipment 50 $1 MI Sh surance $5,000 $ Auris gali $20,000 Nulles wat $ $100 In The $10.000 Sheet1 Sheet2 + Ready ED - + 90% AutoSave OFF OFF A SUBES Kato subs, Excel sheet, Ben and Trey pt.2 Home Insert Draw Page Layout Formulas Review View Developer Tell me Share Comments X Calibrl (Body) v 11 ~ Al A 2 Wrap Text Insert v General Y , 4 v V Paste B BIU Av = = = - Merge & Center % ! > Delete Format Conditional Format Cell Formatting es Table Styles Y Ideas Sort Filter Sensitivity v Find & Select V L M N 0 P a B S T V W Serv L v $10,000 . $100,000 Kato Subs Income statement 1/2012 FANO Service levende $10.000 EXT & Lates Per Pepe Lespense Irrare- Tot NI 1AN $5,150 Q25 fx B A C . E D H 54 Rucand Earning Common Stock 55 $30,000 56 57 52 59 GO 61 62 Kaba Subs 63 tralia are 64 1/29/21 65 66 prepaid insurance $5,000 67 Cash $100,000 68 mounts rer peale $19000 69 Supplies $25000 70 TL $100 71 anints Payable $20 72 News Payable $100 73 Internetne Payable $10000 74 Canina $30,000 75 Retina $100,000 76 Survive $10,000 77 Taal $180,000 $199,000 78 79 Kate Subs 80 Cass Madblance sheet 81 1321 82 3 Cumentat 84 Cash $100,000 US Acco.nts recetable $10,000 86 supples $25,000 87 Preceid insurance SSOR 88 Total $190,000 89 PRO aan 90 Buiding 550.000 91 Coupem 500000 92 520000 93 Total S11112 94 95 TA : Sa 09 96 97 Lisa Hastaxkhadkan 92 99 Nelas uval $10,000 100 Anila payable $20,000 Sheet1 Sheet2 + Kara Buba joumalny 2/30/2: Jan. 30 $20,000 Senice Perce Income summary $10.000 Jan.31 $490 Income summary Pent Expense Utes expense Wages expense Ineurante expense $2 DOO SGOO $1500 Feh Ime Mar Wptered wames Kala Sul Ready # E- 90% AutoSave OFF OFF A SUBES Kato subs, Excel sheet, Ben and Trey pt.2 Home Insert Draw Page Layout Formulas Review View Developer Tell me Share Comments X Calibrl (Body) ~ Al A v 11 2 Wrap Text General Insert v Y , 4 v V Paste B 1 I U 7 Av = = = Merge & Center Y > Delete Format Conditional Format Cell Formatting es Table Styles Ideas Sort Filter Sensitivity v Find & Select V Q25 . A B C D E F . . M N N | 0 a R S T V W Tegal utts w $140,000 Propurcy plant & cum eiding $50,000 Ecuan $40,000 acc. Dopreda $20,000 Total $110,002 $2.000 $600 $1.500 $750 $ Insurance pense Feb. 2 $5.150 Income summary Retained camings $5.150 Totalt $250.002 89 89 90 92 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 Usbrandcharsher.co.in MARIRI Notes payable $10,000 $ Accounts payable $20,000 Salary payable $15.000 Unesmedler Rev Total 57 Kata Sube General ledger 1/21 Precadins. AITS web $11 Spales $25 SIR $100 $ Morguya Totalles $100 SH0.000 RE $25 $ $50 Slaskickles woul Common stack Muinai saries Total LS SE $30,000 $100,000 5210,000 $50,000 $10.000 $25.000 $5.000 Buiding $50,000 Accumulated depreciation $ $20.000 Nos payable $20.000 Acconta payabile $20.000 550.000 $20.000 $10000 $20 DCO 117 118 119 120 121 122 123 124 125 126 127 178 129 Montraceable Common Stovky Salary Payable $15/20 heameve were $250 Hetained NTING SEXI 130 $15.000 $25.000 $10.000 131 132 133 134 $20,000 $100,000 Sheet2 + Sheet1 1 Ready ED - + 90%