Acc 309
can you please help me revise the balance sheet.
attached is the Trial Balance with adjusted entries and the preliminary balance sheet and income statement
ACC 309 Final Projects Insert Page Layout Formulas Data Review View Acrobat .11 Norm Copy tot Painter bond Calibet B / U - - A N -A- - EU Wrap Test Merge Center R - C formatting ore as Table Ae AL PEYTONUOVED TRIAL BALANCE As of December 31, 2017 7,092.4950 Wante Sectes Account Receive Bang Sus Merchandise vertory Pred Prepardurance MiscSupos 1999 5500 000 00 7,032.495 150509852 12815283 71877 GT 207 834 14 P20 250 000.00 Duding Bolungament 250,000.00 1 250 000 00 2,265334 101 513 84 2700000 328282.00 120.202.00 50,000.00 2,500.00 47.500.00 1,555 21285 1,555 21285 Accumulated Depreciation Patent Accounts Payable Wapes Payable Werest Pay Current Portion of bonds Payable Income Taxes Currently payable Accrued Pension Accrved Employees Heath insurance Lease Label 52,125 25 107 041 70 900, 10791 10704170 4171891 101.513 34 Deferred Tax by 32525 4 000 000 00 DO DO 2.212 1225 Preferred to Commen Stock Begagnad ang Dividends Preferred Dvidends Common Brya Merchand Cost of Good Sod. Cost of Merchandise Rent Expense 5250.000 3 1.157 301 15715 1014 1954 573195 20040 Maces 2700000 Degree 9117 431 112 937 69 1125376 Advertising Expense 17041 Pension pense ered troyees at the ar Unvestedavis) Income Taxes Deferred tax expense teries Held for Sale 4472 4.16 Tralalance 2017. 46.919.42955 Pred Balance sheet 2012 onem one calaton Pred Income Stateme Ort e LS Cocina Y Fotos Check Cell Exploratory Peyton Approved Peyton Approved Balance Sheet As of December 31, 20XX Current Assets: Cash Marketable Securities Accounts Receivable Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Misc Supplies 1,488,999.34 5,500,000.00 7,092.495.88 1,605,098.52 128,152 63 71,877.07 207834.14 17,647.42 Liabilities and Owners' Equity Current Liabilities: Accounts Payable 1,555 212.85 Wages Payable 250, 203.31 Interest Payable 21 888 22 Current Portion of Bonds Payable 1,000,000 00 Income taxes currently payable 1,042,118 16 Total Current Assets 16,112,105.00 Total Current Liabilities 3,869,422 54 Long Term Liabilities: Bonds Payable 10%, 20 year 4,000,000.00 Long Term Fixed Assets: Land Building Baking Equipment Accumulated Depreciation Net Fixed assets 250,000.00 1,250,000.00 2,254,140.00 328,282.00 Total Long Term Liabilities: 4,000,000.00 3,425,858.00 Total Liabilities: 7,869.422.54 500.000.00 Preferred Stock - (10,000 authorized 5,000 issued, 10%, 5100 par value) Common Stock - (2,000,000 shares authorized, 1,750,000 issued, 51 par) Retained Earnings 1,750,000.00 9,418,54046 Total Equity 11,668,540 46 Total Assets 19,537,963.00 Total Liabilities & Equity 19,537,963.00 Data Review View Acrobat = == - Accounting Ho insert Page Layout Formulas * Cut Arial . 12 A Copy Painter U A lipboard Font G32 -0 =4E32-1500 AB Wrap Text Merge & Center B LE ER $% 2C For Alignment Number HOME Peyton Approved Income Statement For Year Ended 12/31/20XX $ 33,881,157 15 124,795.80 Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold-Baked Cost of Goods Sold - Merchandise Total Cost of Goods Sold Gross Profit 34,005,952.95 10,954,907.36 88,994.79 11,043,902.15 22,962,050.80 Operating Expenses Rent Expense Wages Expense Misc. Supplies Expense Repairs and Maintenance Business License Expense Misc. Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense Total Operating Expenses: 1,576,731.95 2,604,526 23 263,224.56 47,353.05 211,757.65 141,171.08 634,520.00 112,937.69 160,413.49 484,703.27 50,821.34 6,288,160.31 Earnings before Income Tax 16,673,890.49 16,675,390.49 Income Taxes 4.168.472.62 4,168,847.62 Net Income 12,505,417.87 stone cl ans Instructions final Prelance sheet 2017 Prel Read
