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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) $116,000 104,000 26,500 13,000 60,000 93,200 15,000 5,000 39,000 5,900 170,800 5,600 928,000 14,000 8,600 3,000 Beginning retained earnings Warranties payable (short term) Gain on sale of equipment Operating expenses Cash flow from investing activities Prepaid rent Land Cash Inventory Accounts payable Interest Expense Salaries payable Unearned revenue Cost of goods sold Accounts receivable Depreciation expense $ 55,100 5,900 13,000 59,000 110,000 32,000 89,000 44,600 103,000 49,000 30,000 62,000 41,000 589,000 102,000 2,400 Required Prepare a multistep income statement for Eller Equipment Company for 2018 Prepare a classified balance sheet for Eller Equipment Company for 2018
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