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7).. Use the following data to create a P&L: Accounts Receivable Building Cash Salary Expense Accounts Payable Equipment Supplies Prepaid Expenses Sales Accumulated Deprec- Rent
7).. Use the following data to create a P&L: Accounts Receivable Building Cash Salary Expense Accounts Payable Equipment Supplies Prepaid Expenses Sales Accumulated Deprec- Rent expense 32.000 142,000 15,000 22,000 57,000 76,000 1,000 12,000 123,000 32,000 8,000 Goodwill Accrued Expenses Short-term Notes Payable Cost of Goods Sold Long-term Investments Common Stock Interest Income Inventory Dividends paid Rent Income Depreciation Expense 16.000 9,000 25,000 52,000 25,000 1,000 2.000 82.000 25,000 1,200 3,000 S- Use the following data to prepare a Statement of Retained Earnings: a. cumulative dividends paid for prior periods $ 30,000 b. dividends paid to shareholders during this year $ 5,000 C. cumulative earnings for all prior periods $250,000 d. net loss this period $ 22,000 e. issued shares to shareholders this period $100,000 f. provided goods to customers this period $ 75,000
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