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Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms.
Boilermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited. Credits $ BOTLEKER UNLIMITED Adjusted Trial Balance December 31, 2021 Accounts Debits Cash 16,000 Accounts Receivable 25,000 Supplies 32,000 Prepaid Insurance 7.000 Equipment 625,000 Necumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable due in 5 years) Common Stock Retained Earnings Dividends 26,000 Service Revenue new construction Service Revenue remodeling Salaries Expense 160.000 Supplies Expense 285.000 Depreciation Expense 50,000 Insurance Expense 25,000 Utilities Expense 42.000 Interest Expense 9.000 Service Tee Expense 73.000 Totale $1,375,000 200,000 31.000 28.000 5.000 150.000 200,000 31.000 Ieferences 450,000 280.000 S1,375,000 Required: 1. Prepare an income statement for the year ended December 31, 2021. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 points Prepare an income statement for the year ended December 31, 2021 BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues: eBook Print References Total Revenues Expenses Total Expenses additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2021. Complete this question by entering your answers in the tabs below. points Required 1 Required 2 Required 3 Book Prepare the statement of stockholders' equity for the year ended December 31, 2021, note that during the year the company issued additional common stock for $30,000. This amount is included in the amount for Common Stock in the adjusted trial balance Print BOILERMAKER UNLIMITED Statement of Stockholders' Equity For the Year Ended December 31, 2021 References Common Stock Retained Earnings Total Stockholders Equity Balance at January 1 Balance at December 31 Required 1 Required 2 Required 3 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) points + BOILERMAKER UNLIMITED Balance Sheet December 31, 2021 eBook Assets Current Assets Current Liabilities: Print References Total Current Assets Long-term Assets: 0 Total Current Liabilities Long-term Liabilities: Total Liabilities Stockholder's Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets S 0
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