Question: Using the account list below, create the Multiple-Step Income Statement, Statement of Retained Earnings and Classified Balance Sheet for Tennis Manufacturing, Inc. for December 31,

Using the account list below, create the Multiple-Step Income Statement, Statement of Retained Earnings and Classified Balance Sheet for Tennis Manufacturing, Inc. for December 31, 2018. **Notethe only selling expense is salaries expense. Total Assets = 417,400

Additional Paid In Capital-C/S 10,400
Depreciation Expense 4,000
Prepaid Rent 7,000
Notes Payable-due in 5 years 34,500
Utilities Expense 5,100
Accumulated Depreciation-Machine 15,000
Sales Revenue 350,000
Retained Earnings 40,000
Interest Payable 2,300
Interest Expense 1,200
Common Stock 14,000
Cash 207,000
Accounts Payable 42,000
Cost of Goods Sold 50,000
Unearned Revenue 8,700
Supplies Expense 5,600
Cash Dividends 8,000
Supplies 10,000
Salaries Expense 7,500
Machine 154,000
Salaries Payable 3,500
Prepaid Insurance 2,400
Rent Expense 2,500
Accounts Receivable 52,000
Income Tax Expense 4,100

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