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1. PLEASE PREPARE The TRIAL BALANCE of Walk Upright Company for the Year ended December 31, 2012. ( In the form of Begining Balance (
1. PLEASE PREPARE The TRIAL BALANCE of Walk Upright Company for the Year ended December 31, 2012. ( In the form of Begining Balance ( Dr, Cr), Adjusted Jornal Entries (Dr, Cr) and Ending Balance (Dr, Cr). THANK YOU!!!!!!
PLEASE PREPARE The TRIAL BALANCE of Walk Upright Company for the Year ended December 31, 2012. ( In the form of Begining Balance ( Dr, Cr), Adjusted Jornal Entries (Dr, Cr) and Ending Balance (Dr, Cr). THANK YOU!!!!!!
The income statement and balance sheet for the current year, prepared by the accounting firm of Stanley & Livingstone, CPAs, appear below: WALK UPRIGHT COMPANY INCOME STATEMENT For the Year Ending December 31, 2012 Revenue: Sales (net) Cost of goods sold. $ 875,360 (359.892) Gross profit $ 515,468 Operating expenses: Wages to employees .. Guaranteed payment to Lucy March Rental expense Interest expense.. Advertising... Contributions to United Way. Depreciation expense Taxes Shipping Repairs and maintenance $ 133,260 39,125 62,175 23,495 41,315 3,912 17,656r 3930 18,083 23,449 5.804 $(368,274) Net Income from Operations $ 147,194 Other incomes and expenses: S 9,391 Dividend income Interest income Interest expense related to investments .. Net loss on sale of investments... Net loss on sale of business assets 3,326 (14,976) (6,066) (16.384) (24709) Net Income. S 122,485Step by Step Solution
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