Account totals for September Steps: 1) Classify each as Asset (current/long term), Liability (current/iong term). or Equity 2) Complete each financial statement - each balance only goes onto one statement * Note: The statements must be completed in this order. Income stmt. RE stmt. Balance Sheet Salaries Payable Accounts payable Cash Capital stock Dividends Utilities expense Land Notes payable - Due in 5 Years 1.900 3.210 9.400 46.215 2.000 3.000 75,000 15,000 Retained Earnings Sep 1 Salaries expense Sales revenue Cost of Goods Sold Supplies Supplies expense Rent expense Prepaid rent 20.900 20.000 45.000 14.000 300 725 6,000 1800 Prepare an income statement, statement of retained earnings & balance sheet