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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

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.)

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Salaries expense $ 109,000 Beginning retained earnings $ 48,100
Common stock 97,000 Warranties payable (short term) 5,200
Notes receivable (short term) 19,500 Gain on sale of equipment 13,000
Allowance for doubtful accounts 21,000 Operating expenses 52,000
Accumulated depreciation 53,000 Cash flow from investing activities 103,000
Notes payable (long term) 89,350 Prepaid rent 25,000
Salvage value of building 17,000 Land 82,000
Interest payable (short term) 8,000 Cash 35,300
Uncollectible accounts expense 32,000 Inventory 130,000
Supplies 5,200 Accounts payable 42,000
Equipment 160,650 Interest Expense 23,000
Interest revenue 4,900 Salaries payable 55,000
Sales revenue 914,000 Unearned revenue 34,000
Dividends 22,000 Cost of goods sold 582,000
Warranty expense 7,900 Accounts receivable 95,000
Interest receivable (short term) 2,300 Depreciation expense 1,700

image text in transcribed

image text in transcribed

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 eamings 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) $189,882 97,000 19.500 21,000 53. eee 89, 350 17. eee 8. eae 32. eee 5,200 160,650 4,900 914,000 22,899 7,900 2,329 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 $ 48, 109 5, 20e 13,000 52,899 1e3.eeg 25, eee 82.eeg 35,300 130.00 42,800 23,000 55,800 34, eee 582, eee 95,000 1,700 Requlred Prepare a multistep income statement for Eller Equipment Company for 2018. Prepare a classified balance sheet for Eller Equipment Company for 2018. Required Prepare a multistep income statement for Eller Equipment Company for 2018 Prepare a classified balance sheet for Eller Equipment Company for 2018 Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a multistep income statement for Eller Equipment Company for 2018. ELLER EQUIPMENT COMPANY Multistep Income Statement For the Year Ended December 31, 2018 Operating expenses Total operating expenses Non-operating Items Total non-operating items Income Statement Balance Sheet > Prepare a classified balance sheet for Eller Equipment Company for 2018. (Enter the assets in the order of t ELLER EQUIPMENT COMPANY Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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