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Accounts Receivable 16,250 Accumulated depreciation: Office equipment 25,000 Cash 25,300 Land 58,500 Merchandise inventory 25,250 Office equipment 41,000 Office supplies 4,410 Prepaid rent 1,800 Cost

Accounts Receivable 16,250
Accumulated depreciation: Office equipment 25,000
Cash 25,300
Land 58,500
Merchandise inventory 25,250
Office equipment 41,000
Office supplies 4,410
Prepaid rent 1,800
Cost of Goods Sold 112,575
Depreciation expense: office equipment 2,750
Income tax expense 9,000
Insurance expense 1,900
Office supplies expense 520
Rent expense 5,700
Salaries expense 98,095
Utilities expense 5,650
Accounts Payable 35,600
Bonds Payable (due Dec 31, 2021 25,750
Deferred income taxes 5,750
Note payable (due Dec 31, 2010) 4,750
Premium on bonds payable 8,900
Sales taxes payable 5,850
Additional paid-in capital (common stock) 7,000
Common Stock (1,800 shares, $10 par value) 18,000
Dividends declared 5,000
Preferred stock (250 shares, $20 par value) 5,000
Retained earnings (Jan 2018) 24,650
Treasury stock (200 common shares at cost) 2,250
Sales 253,000
Sales returns and allowances 3,300
Beginning Inventory 32,000
Beginning Accounts Receivable 22,000
Use this data to create a Trial Balance.
Then Create a multiple-step income statement, statement of retained
earnings, and a classified balance sheet.
Provide the following ratios
Current ratio
Acid test ratio
Accounts receivable turnover
Inventory
Days' sales uncollected
Days' Sales in inventory
Debt-to-equity ratio
Profit Margin

Can someone create the trial balance, multi-step income statement, statement of retained earnings, and the classified balance sheet with labels? I don't know what all of those mean to a point where I'm fully comfortable. Also, please show work for the ratios! Thank you!

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