The accounts of Taylor Electronics Company are listed along with

The accounts of Taylor Electronics Company are listed along with their balances before closing for the month ended March 31, 2012.

200 Accounts payable 45,100 Accounts receivable 46,000 Accumulated depreciation 2,700 Retained eamings, Feb 28 2,900 Div

Requirements
1. Prepare Taylor Electronics€™ multi-step income statement.
2. Prepare Taylor Electronics€™ statement of retained earnings.
3. Prepare Taylor Electronics€™ classified balance sheet in reportform.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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