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can someone please help me as soon as possible for the income statement and balance sheet. thank you _________________________________ Student's Name BUSINESS 1220E FINANCIAL STATEMENTS
can someone please help me as soon as possible for the income statement and balance sheet. thank you
_________________________________ Student's Name BUSINESS 1220E FINANCIAL STATEMENTS QUIZ (to be returned with answers, written by hand, individual assignment, staple your work) You are required to construct a Statement of Earnings, a Statement of Retained Earnings, and a Balance Sheet for the year ended, or as at, April 30, 2016, whichever is appropriate. Not all the account titles needed are given (i.e., Total Current Assets). You must provide the missing titles as well as use those listed below and, in certain cases, determine the missing amounts. This quiz has been designed so that if you cannot complete one section you can still proceed to the next section and not be at a disadvantage. DEEFER DOG INCORPORATED ($000's) Salaries & Wages ...................................................................................................................482.6 Dividends .................................................................................................................................34.0 Allowance for Doubtful Accounts .............................................................................................7.6 Building, cost .........................................................................................................................519.3 Preferred Stock.........................................................................................................................60.0 Gross Sales ..........................................................................................................................3,469.8 Prepaid Expenses .......................................................................................................................9.2 Long-term Debt......................................................................................................................107.6 Retained Earnings, April 30, 2016 .........................................................................................647.6 Accounts Payable .....................................................................................................................94.2 Accumulated Amortization: Equipment, April 30, 2016 .........................................................72.8 Inventory, April 30, 2015.......................................................................................................284.3 Income Taxes Payable .............................................................................................................26.7 Amortization: Equipment.........................................................................................................24.2 Goodwill ..................................................................................................................................62.9 Mortgage, due 2022 ...............................................................................................................497.0 Notes Payable...........................................................................................................................23.4 Other Investments ....................................................................................................................62.4 Sales Discounts ......................................................................................................................208.4 Marketable Securities.............................................................................................................106.0 Accrued Expenses Payable ........................................................................................................9.8 Equipment, cost......................................................................................................................246.1 Common Stock ........................................................................................................................72.5 Purchases.............................................................................................................................2,043.8 Administrative Expenses .......................................................................................................126.9 Accounts Receivable ................................................................................................................38.3 Current Portion Long-term Debt ..............................................................................................18.9 Land .......................................................................................................................................520.4 Amortization: Building ............................................................................................................25.9 Cash............................................................................................................................................8.3 Inventory, April 30, 2016.......................................................................................................143.0 Accumulated Amortization: Building, April 30, 2016 ............................................................77.8 Interest Expense .......................................................................................................................32.5 Income Tax Expense ..............................................................................................................153.6 Net Income After Tax ............................................................................................................230.6Step by Step Solution
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