Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

24.775 $45,000 6,200 50,000 3,000 40.000 195.000 $12.680 87.665 18,000 2,500 8,200 Accounts Payable Accounts Receivable Accumulated Depreciation Building Accumulated Depreciation, Furniture Additional Paid in

image text in transcribed

24.775 $45,000 6,200 50,000 3,000 40.000 195.000 $12.680 87.665 18,000 2,500 8,200 Accounts Payable Accounts Receivable Accumulated Depreciation Building Accumulated Depreciation, Furniture Additional Paid in Capital Allowance for Doubtful accounts Bonds Payable Building Cash Common Stock Cost of Goods Sold Depreciation Expense, Building Depreciation Expense, Furniture Dividends FICA Payable Furniture Goodwill Merchandise Inventory Notes Payable, long-term Office Supplies Office Supplies Expense Petty Cash Preferred Stock Premium on Bonds Payable Retained Earnings - (Beginning Balance) Salaries Payable Salaries Expenses Sales Revenue Trademark Treasury Stock Unearned Revenue Totals 53,000 19.000 3,330 150 19,830 15,390 12.150 2,000 42.120 11.540 142,370 3.000 15,000 $522.285 8.150 $522,285 Above you see an alphabetized list of account titles for XYZ Company along with their corresponding balances at year end 12/31/16. Use this list to create an income statement, statement of retained earnings and a balance sheet for the company. Use proper form

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EPA Should Improve Timeliness For Resolving Audits Under Appeal

Authors: U.S. Environmental Protection Agency

1st Edition

1500105783, 978-1500105785

More Books

Students also viewed these Accounting questions

Question

How can the Internet be helpful in a job search? (Objective 2)

Answered: 1 week ago