$3$

warenouse supplies txpense

Depreciation Expense$-$Warehouse Equipment

Salaries Expense$-$Sales

Travel and Entertainnent Expense

Delivery Wages Expense

Depreciation Expense$-$De

Salaries Expense$-0$ffice

Office Supplies Expense

Insurance Expense

Utilities Expense

Telephone Expense

Payroll Taxes Expense

Property Taxes Expense

Uncollectible Accounts Expense

Depreciation Expense$-$Building

Depreciation Expense$-0$ffice Equipment

Interest Expense

Totals

$=$$$2,600,840$

Required:

Prepare a classified income statement for the year ended December $31,201.$ The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.

Prepare a statement of owner's equity for the year ended December $31,20$X$1.$ No additional investments were made during the year.

Prepare a classified balance sheet as of December $31,20$X$1.$ The mortgage payable extends for more than a year.

Analyze:

What is the current ratio for this business?

Complete this question by entering your answers in the tabs below.

Required $1$ Required $2$

Prepare a classified balance sheet as of December $31,20$X$1.$ The mortgage payable extends for more than a year.

$\backslash$table$[[$SUPERIOR HARDWOOD COMPANY$],[$Balance Sheet$],[$Assets$],[$Current assets$],[$Cash$,,$$$23,700$