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Accounts payable Accounts receivable. Accumulated depreciation: office equipment Additional paid-in capital (common stock) Bonds payable (due December 31, 2024) . Cash. . Common stock (1,800
Accounts payable Accounts receivable. Accumulated depreciation: office equipment Additional paid-in capital (common stock) Bonds payable (due December 31, 2024) . Cash. . Common stock (1,800 shares, $10 parvalue) Cost of goods sold Deferred income taxes. Depreciation expense: office equipment. Dividends declared Income tax expense Insurance expense. Land. . . Merchandise inventory Notes payable (due December 31, 2022) office equipment. Office supplies Office supplies expense Preferred stock (250 shares, $20 parvalue) Premium on bonds payable. Prepaid rent Rent expense. Retained earnings (Januany 2021) Salaries expense Sales. Sales returns and allowances Sales taxes payable Treasury stock (200 common shares at cost) Utilities expense Instructions b. Prepare a statement of retimied eamings for the year eriding December 31,2021. c. Prepare a statemert of finamcial position (balance sheet) as of December 31,2021 , following these guidelines: - Inchude separate asset and liabilify categories for those items that are "colnert." - Irchude and label amourts for total assets, total liabilities, total stockholders' equity, amd total liabilities and stockholders' equity. - Presert deferred income taxes as a nonucinert liability
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