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Accounts for Daves Mill Incorporated on December 31st. Create an income statement (multi-step), A statement of Stockholder's Equity, and a Balance Sheet Cash $12,780 Accounts
Accounts for Daves Mill Incorporated on December 31st. Create an income statement (multi-step), A statement of Stockholder's Equity, and a Balance Sheet
Cash | $12,780 | |||
Accounts Receivable | 5,670 | |||
Notes Receivable (long term) | 24,300 | |||
Inventory | 4,500 | |||
Supplies | 800 | |||
Equipment | 18,900 | |||
Prepaid Insurance | 9,000 | |||
Land | 18,230 | |||
Building | 85,000 | |||
Accounts Payable | 10,350 | |||
Notes Payable (long term) | 56,500 | |||
Unearned Revenue | 8,300 | |||
Salary Payable | 5,250 | |||
Interest Payable | 2,400 | |||
Common Stock | 10,000 | |||
Retained Earnings | 32,300 | |||
Dividends | 10,000 | |||
Sales Revenue | 300,050 | |||
Cost of Goods Sold | 10,500 | |||
Salary Expense | 184,000 | |||
Insurance Expense | 26,700 | |||
Rent Expenses | 5,600 | |||
Depreciation Expense | 6,300 | |||
Taxes Expense | 10,200 | |||
Interest Expense | 3,820 | |||
Selling Expenses | 13,750 | |||
6,300 | ||||
$445,850 | $435,650 |
Income Statment period ending Dec 31st, Statment of stockholders equity period of ending Dec 31st, Balance sheet at Dec 31st.
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