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ACC 3300 Exercise Spring, 2021 Prepare a Multi-Step Income Statement and a Classified Balance Sheet in good form for Tobias Corporation using the following accounts
ACC 3300 Exercise Spring, 2021 Prepare a Multi-Step Income Statement and a Classified Balance Sheet in good form for Tobias Corporation using the following accounts and balances on December 31, 2020. Submit the solutions in Blackboard. You may use Word or Excel. Work submitted by scan or photo WILL NOT be accepted. Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation - Building Accumulated Depreciation - Equipment Administrative expense Allowance for Doubtful Accounts Bond Payable (due 2030) Buildings Cash Common Stock ($5 par) Cost of Goods Sold Debt Investment (long-term) Debt Investment (trading) Dividends Payable Equipment Equity Investment (long-term) Franchises Gain on Sale Goodwill Income Tax Expense Interest Expense Inventory Investment Revenue Land Note Payable (long-term) Notes Payable (short-term) Paid-in capital in Excess of Par Patents Retained Earnings (1/1/20) Selling Expense Service Revenue Treasury Stock 682,000 652,000 144,000 228,000 90,000 1,350,000 38,000 1,500,000 1,560,000 295,000 1,500,000 7,200,000 448,000 230,000 204,000 900,000 416,000 230,000 120,000 10,000 00 317,000 895,000 95,000 390,000 1,350,000 135,000 120,000 293,000 117,000 3,000,000 12,150,000 287,000 * Note: Number of shares outstanding is calculated by using the following formula. Number of shares - Common Stock/par value] ACC 3300 Exercise Spring, 2021 Prepare a Multi-Step Income Statement and a Classified Balance Sheet in good form for Tobias Corporation using the following accounts and balances on December 31, 2020. Submit the solutions in Blackboard. You may use Word or Excel. Work submitted by scan or photo WILL NOT be accepted. Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation - Building Accumulated Depreciation - Equipment Administrative expense Allowance for Doubtful Accounts Bond Payable (due 2030) Buildings Cash Common Stock ($5 par) Cost of Goods Sold Debt Investment (long-term) Debt Investment (trading) Dividends Payable Equipment Equity Investment (long-term) Franchises Gain on Sale Goodwill Income Tax Expense Interest Expense Inventory Investment Revenue Land Note Payable (long-term) Notes Payable (short-term) Paid-in capital in Excess of Par Patents Retained Earnings (1/1/20) Selling Expense Service Revenue Treasury Stock 682,000 652,000 144,000 228,000 90,000 1,350,000 38,000 1,500,000 1,560,000 295,000 1,500,000 7,200,000 448,000 230,000 204,000 900,000 416,000 230,000 120,000 10,000 00 317,000 895,000 95,000 390,000 1,350,000 135,000 120,000 293,000 117,000 3,000,000 12,150,000 287,000 * Note: Number of shares outstanding is calculated by using the following formula. Number of shares - Common Stock/par value]
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