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can someone please help me do this You are required to construct a Statement of Earnings, a Statement of Retained Earnings, and a Balance Sheet
can someone please help me do this
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, 2020, 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. ROYAL MAJESK INC. ($000's) Salaries & Wages Dividends Allowance for Doubtful Accounts Building, cost Preferred Stock. Gross Sales Prepaid Expenses Long-term Debt. Retained Earnings, April 30, 2020. Accounts Payable. Accumulated Amortization: Equipment, April 30, 2020 Inventory, April 30, 2019.. Income Taxes Payable Amortization: Equipment.. Goodwill Mortgage, due 2027 Notes Payable. Other Investments Sales Discounts Marketable Securities. Accrued Expenses Payable Equipment, cost Common Stock... Purchases...... Administrative Expenses Accounts Receivable. Current Portion Long-term Debt Land Amortization: Building Cash..... Inventory, April 30, 2020. Accumulated Amortization: Building, April 30, 2020 Interest Expense Income Tax Expense. Net Income After Tax ..... 482.6 34.0 .7.6 519.3 .60.0 .3.469.8 9.2 .107.6 .647.6 94.2 .72.8 284.3 26.7 .24.2 .62.9 497.0 23.4 .62.4 .208.4 106.0 9.8 .246.1 .72.5 .2.043.8 .126.9 38.3 .18.9 520.4 25.9 ..8.3 .143.0 .77.8 32.5 .153.6 230.6Step by Step Solution
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