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Below information pertains to Eller Equipment Company for the year 2018. (Hint Some of the items will not appear on either statement, and ending retained
Below information pertains to Eller Equipment Company for the year 2018. (Hint Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long term) Salvage value of building Interest payable (short term) Uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short term) $47,100 5,100 12,000 51,000 102,000 24,000 81,000 33,400 132,000 41,000 22,000 54,000 33,000 581,000 94,000 1,600 $108,000 Beginning retained earnings 96,000 Warranties payable (short term) 18,500 Gain on sale of equipment 20,000 Operating expenses 52,000 Cash flow from investing activities 88,800 Prepaid rent 16,000 Land 7,000 Cash 31,000 Inventory 5,100 Accounts payable 159,200Interest Expense 4,800 Salaries payable 912,000 Unearned revenue 21,000 Cost of goods sold 7,800 Accounts receivable 2,200 Depreciation expense Below information pertains to Eller Equipment Company for the year 2018. (Hint Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long term) Salvage value of building Interest payable (short term) Uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short term) $47,100 5,100 12,000 51,000 102,000 24,000 81,000 33,400 132,000 41,000 22,000 54,000 33,000 581,000 94,000 1,600 $108,000 Beginning retained earnings 96,000 Warranties payable (short term) 18,500 Gain on sale of equipment 20,000 Operating expenses 52,000 Cash flow from investing activities 88,800 Prepaid rent 16,000 Land 7,000 Cash 31,000 Inventory 5,100 Accounts payable 159,200Interest Expense 4,800 Salaries payable 912,000 Unearned revenue 21,000 Cost of goods sold 7,800 Accounts receivable 2,200 Depreciation expense
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