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Accounts Payable 45 Interest Expense 35 Accounts Receivable 203 Interest Payable 5 Accumulated Depreciation - Buildings 25 Interest Revenue 50 35 Inventory 100 Accumulated Depreciation
Accounts Payable 45 Interest Expense 35 Accounts Receivable 203 Interest Payable 5 Accumulated Depreciation - Buildings 25 Interest Revenue 50 35 Inventory 100 Accumulated Depreciation - Equipment Additional Paid-In Capital - Common Stock Additional Paid-In Capital - Preferred Stock 120 Land 342 20 2 Advertising Expense 14 35 Allowance for Doubtful Accounts 10 Loss on Sale of Property, Plant, and Equip. Notes Payable (maturity of less than 1 yr) Notes Payable (maturity of more than 1 yr) Payroll Tax Expense Payroll Taxes Payable 15 5 3 166 22 Bad Debt Expense Beginning Retained Earnings (Jan 1, 2018) Bonds Payable Buildings 83 Preferred Stock 45 200 Prepaid Advertising 65 Cash 120 Rent Expense 9 Common Stock 280 Salaries Expense 12 Cost of Goods Sold 500 Salaries Payable 10 7 Sales 1,000 Depreciation Expense Discount on Bonds Payable 12 Sales Discounts 25 Dividends 17 30 Sales Returns and Allowances Sales Taxes Payable Dividends Payable 2 2 Equipment 115 Supplies 20 5 20 Freight-Out Gain on Sale of Property, plant, and Equip. Income Tax Expense Treasury Stock Unearned Revenue 5 25 139 Below is the alphabetical list of accounts for Redbird Company for the year ended December 31, 2018. You can download the Word document the the alphabetical list of accounts. Prepare a multiple-step Income Statement, a Statement of Retained Earnings, and a classified Balance sheet, including appropriate headings. Part 1 is the Income Statement, divided into 2 questions. Part 2 is the Statement of Retained Earnings, 1 question. Part 3 is the Balance Sheet, divided into 3 questions. Accounts Payable 45 Interest Expense 35 Accounts Receivable 203 Interest Payable 5 Accumulated Depreciation - Buildings 25 Interest Revenue 50 35 Inventory 100 Accumulated Depreciation - Equipment Additional Paid-In Capital - Common Stock Additional Paid-In Capital - Preferred Stock 120 Land 342 20 2 Advertising Expense 14 35 Allowance for Doubtful Accounts 10 Loss on Sale of Property, Plant, and Equip. Notes Payable (maturity of less than 1 yr) Notes Payable (maturity of more than 1 yr) Payroll Tax Expense Payroll Taxes Payable 15 5 3 166 22 Bad Debt Expense Beginning Retained Earnings (Jan 1, 2018) Bonds Payable Buildings 83 Preferred Stock 45 200 Prepaid Advertising 65 Cash 120 Rent Expense 9 Common Stock 280 Salaries Expense 12 Cost of Goods Sold 500 Salaries Payable 10 7 Sales 1,000 Depreciation Expense Discount on Bonds Payable 12 Sales Discounts 25 Dividends 17 30 Sales Returns and Allowances Sales Taxes Payable Dividends Payable 2 2 Equipment 115 Supplies 20 5 20 Freight-Out Gain on Sale of Property, plant, and Equip. Income Tax Expense Treasury Stock Unearned Revenue 5 25 139 Below is the alphabetical list of accounts for Redbird Company for the year ended December 31, 2018. You can download the Word document the the alphabetical list of accounts. Prepare a multiple-step Income Statement, a Statement of Retained Earnings, and a classified Balance sheet, including appropriate headings. Part 1 is the Income Statement, divided into 2 questions. Part 2 is the Statement of Retained Earnings, 1 question. Part 3 is the Balance Sheet, divided into 3 questions
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