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Accounts Receivable Accumulated depreciation: Office equipment Cash Land Merchandise inventory Office equipment Office supplies Prepaid rent Cost of Goods Sold Depreciation expense: office equipment Income

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Accounts Receivable Accumulated depreciation: Office equipment Cash Land Merchandise inventory Office equipment Office supplies Prepaid rent Cost of Goods Sold Depreciation expense: office equipment Income tax expense Insurance expense Office supplies expense Rent expense Salaries expense Utilities expense Accounts Payable Bonds Payable (due Dec 31, 2021 Deferred income taxes Note payable (due Dec 31, 2010) Premium on bonds payable Sales taxes payable Additional paid-in capital (common stock) Common Stock (1,800 shares, $10 par value) Dividends declared Preferred stock (250 shares, $20 par value) Retained earnings (Jan 2018) Treasury stock (200 common shares at cost) Sales Sales returns and allowances 16,250 25,000 25,300 58,500 25,250 41,000 4,410 1,800 112,575 2,750 9,000 1,900 520 5,700 98,095 5,650 35,600 25,750 5,750 4,750 8,900 5,850 7,000 18,000 5,000 5,000 24,650 2,250 253,000 3,300 32,000 22,000 Beginning Inventory Beginning Accounts Receivable 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

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