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4) Apple Crisp Corporation (ACC) has the following adjusted accounts and balances at year-end. The company year end is October 31, 2021 Accounts payable Accounts
4) Apple Crisp Corporation (ACC) has the following adjusted accounts and balances at year-end. The company year end is October 31, 2021 Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation - buildings Accumulated depreciation - equipment Buildings Cash Contributed capital Depreciation expense Deferred revenue Equipment Income taxes expense Income taxes payable Interest expense Inventory Land Long-term debt Mortgage payable Prepaid expenses Salaries expense Rent expense Retained earnings Sales revenue $24,200 18,000 3,500 38,400 11,000 74,000 12,500 12,000 12,500 2,000 22,000 10,000 5,500 2,900 14,000 56,000 23,000 41,000 5,500 12,000 8,500 18,800 68,500 Required (49 marks): a) Prepare an adjusted trial balance in good form for ACC at October 31, 2021. b) Prepare a multi-step statement of earnings in good form for the year ended October 31, 2021. You can ignore earnings per share c) Prepare a statement of financial position in good form at October 31, 2021
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