Question
2. Use the following information available at the end of 2012 to prepare an income statement and balance sheet on December 31, 2012, for Goldie
2. Use the following information available at the end of 2012 to prepare an income statement and balance sheet on December 31, 2012, for Goldie Company. Fees for services performed during the year, $120,000 Accounts payable, $18,500 Accounts receivable, $17,300 Miscellaneous costs for the year, $8,700 Supplies on hand, $2,700 Notes payable outstanding, $30,000 Interest cost on the note for the year, $3,000 Equipment, $84,400 Cash on hand, $11,200 Salaries cost for the year, $71,500 Supplies cost for the year, $9,400 Rent cost for the year, $12,000 Common stock that has been issued, $60,000 Retained earnings at the end of the year, $7,100
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