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269 Required information 3 (The following information applies to the questions displayed below) Carter Company reponed its balance sheet at May 31, 2019 Assume the
269 Required information 3 (The following information applies to the questions displayed below) Carter Company reponed its balance sheet at May 31, 2019 Assume the folowing alphabetically listed accounts were included in ts trial balance immediately prior to preparing the financial statements Carter Company Adjusted Trial Balance At May 31, 2 (millions of dollars Accounts Payable Accumulated Octo Cash Com Stock Depreciation Ex Dividends Income Tax Expense Income Tax Payable Interest Expense Interest Receivable Interest Revenu Notes Payable (long) Office Expens Exper pairs and Maintenance Expense Salaries and ages Expense Service Revenue Transportation Expense 0,100 3,000 290 Credit 1,500 324 140 170 13,300 Required: 3-a. Prepare an income statement for the year ended May 31, 2019 36. Prepare a Matement of retasted earnings for the year ended May 31, 2019 3. Prepare a classified balance sheet in May 31, 201 Required 3-a. Prepere an income statement for the year ended May 31, 2019 36. Prepare a statement of retained earnings for the year ended May 31, 2019 3-e. Prepare a classfed balance sheet at May 31, 2019 Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended May 31, 2019 (Enter your answers in miliams, not in whole dollars) Carter Comp 9 301 Required information [The following information applies to the questions displayed below) Carter Company reported its balance sheet at May 31, 2019 Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements Carter Company Adjusted Trial Balance At May 11, 2015 (millions of dollars) wbook Accounts Payable Accounts Receivable. Debit Credit $ 4,100 $ 6,200 Accumulated Depreciation Cash 20,400 6,100 P Common Stock Depreciation Expense Dividends Equipment Goodw Income Tax Expense Income Tax Payable Interest Expanse Interest Receivable Interest Revenue 3,900 3,600 290 40,500 5,000 1,500 1,500 220 130 148 Notes Payable (long-term) Notes Payable (short-tere) 500 Office Expenses 7,660 Prepaid Rent 1,450 Rent Expense 3,700 Repairs and maintenance Expense 3,100 Retained Earnings 16,380 Salaries and Mages Expence 17,888 Salaries and Hages Payable 2,900 Service Revenue Supplies Transportation Expense 578 13,108 $110,920 110,538 (The following information applies to the questions displayed below] Carter Company reported its balance sheet at May 31, 2019 Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements Carter Company Adjusted Trial Balance At May 31, 2019 Accounts Receivable Accounts Payable Accumulated Depreciation Depreciation Expense Cash Common Stock Dividends Equipment Income Tax Expense Income Tax Payable Interest Expanse Interest Receivable Interest Ravenue Notes Payable (long-ter) Notes Payable (short-term) office Expenses Prep Rent Rent Expe (millions of dollars) Debit Credit $4,100 $6,200 20,500 6,100 3,900 Rapales and Maintenance Expense Retained earnings Salaries and Mages Expense Salaries and gay Service Revenue Supplies Transportation Expense 250 40,500 5,000 1,500 1,500 220 140 7,6 1,450 3,700 3,100 17,000 2,900 570 13,300 $110,820 $110.920 2. Based on the trial balance, provide the name of the account that would accompany (0) Interest Revenue and (b) Salanes and Weges Expense in accrualaustints at May 31 (Check at that apply)
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