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Can any help me make Year-end financial statements, multi-step income statement, a classified balance sheet, and a Statement of Retained Earnings, Closing entries. Income Summary
Can any help me make Year-end financial statements, multi-step income statement, a classified balance sheet, and a Statement of Retained Earnings, Closing entries. Income Summary A post-closing trial balance
correction miscellaneous will be credit and retained earnings will be debited
No: 100 Balance Credit Debit 1500 Account: INCOGNITO INC, CAPITAL Date Debit Credit Turn 0 1500 No: 600 Balance -1500 120 Account: CASH Date Turn 0 Turn 1 Turn 3 Turn 4 Turn 5 Turn 6 1500 1380 1180 200 260 200 920 720 920 Credit 200 120 60 860 260 6 Account: BUILDINGS-HOUSES Date Debit Turn 1 Turn 4 Turn 6 60 Turn 9 220 Turn 12 350 Turn 17 220 Turn 21 140 Turn 7 Turn 9 Turn 11 Turn 12 Turn 13 Turn 14 220 No: 210 Balance 120 380 440 660 1010 1230 1370 854 634 656 306 506 22 350 200 200 200 706 20 No: 221 Balance 8 Turn 15 Turn 16 Turn 17 Turn 18 Turn 20 Turn 21 Turn 22 Turn 24 Turn 26 906 926 934 714 688 548 408 388 362 262 Account: INVESTMENTS-RAILROADS Date Debit Credit Turn 3 200 Turn 5 200 Turn 14 200 220 26 140 140 20 26 100 200 400 200 No: 700 Balance Credit 6 Account: RENT EXPENSE Date Debit Turn 7 6 Turn 18 26 Turn 22 20 Turn 24 26 32 52 78 Account: SALARY REVENUE Date Debit Turn 6 Turn 13 Turn 14 Turn 19 200 Credit 200 200 200 No: 600 Balance -200 -400 -600 -400 Account: INVESTMENT INCOME Date Debit Credit Turn 15 20 Turn 16 No: 602 Balance -20 28 Account: RENT REVENUE Date Debit Turn 11 Credit 22 8 14 No: 601 Balance -22 -30 -44 Turn 23 Turn 25 No: 110 Balance Date Account: ACCOUNTS RECEIVABLE Debit Credit Turn 23 8 Turn 25 14 8 22 Account: MISCELLANEOUS INCOME Date Debit Credit Turn 11 200 No: 603 Balance -200 Account: RETAINED EARNINGS Date Debit Credit Turn 11 200 No: 510 Balance 200 Account: UTILITIES EXPENSE Date Debit Turn 11 140 Credit No: 701 Balance 140 Account: INCOME TAX EXPENSE Date Debit Credit Turn 11 100 No: 703 Balance 100 Account: DIVIDENDS PAYABLE Date Debit Turn 11 No: 302 Balance Credit 200 -200 Credit 200 1500 INCOGNITO INC. Trial Balance Accounts Debit Cash 262 Accounts Receivable 22 Buildings-Houses 1370 Investments-Railroads 200 Dividends Payable Incognito, Inc Capital Retained Earnings Salary Revenue Rent Revenue Miscellaneous Income 200 Investment Income Income Tax Expense 100 Rent Expense 78 Utilities Expense 140 TOTAL 2372 200 400 44 28 2372Step by Step Solution
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