Question
Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31,
Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31, 2013.
Accounts payable $16,000 Inventory $36,000 Accounts receivable $30,000 Land $80,000 Bonds payables, long-term $200,000 Goodwill $8,000 Buildings $151,000 Retained Earnings $160,000 Cash $148,000 Sales Revenue $500,000 Common Stock $150,000 Supplies Inventory $3,000 Cost of goods sold $180,000 Supplies Expense $6,000 Equipment $70,000 Wages Expense $40,000
*** Show ALL Work To Be Voted Best Answer ***
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started