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can you fill in the income statement, retained earnings and balance sheet D w B Gone In A Flash Income Statement For The Year Ended
can you fill in the income statement, retained earnings and balance sheet
D w B Gone In A Flash Income Statement For The Year Ended December 31, 2018 Sales Reveure Sales Less. Sales Discounts Sales Ret. & Allow Net Sales Revenue Cost Of Good's Sold Cost of Goods Sold Gross Profit on Sales - Operating Expenses 6 Salaries and Wages Expense 7 Payroll Tax Expense 8 Advertising Expense 19 Repair Expense Store Supplies Expense 21 Utilities Expense 22 Insurance Expense 23 Depreciation expense 24 Doubtful Accounts Expense 25 Total Operating Expense 20 26 27 Income From Operations 28 29 Other Hevenues and Gains 30 Interest Revenue 31 32 33 Other Expenses and losses 34 Interest Expense 35 36 Income Before Income Tax 37 Income Tax 38 39 Net Income For the Year 40 Gone In A Flash Retained Earnings Statement For The Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Add: Net Income - Less:Dividends 3 Retained Earnings, December 31, 2018 9 0 Gone In A Flash Balance Sheet December 31, 2018 5 Assets Current Assets Cash 8 Avail.-for-Sale Securities 9 Accrued Interest Receivable 20 Accounts Receivable 11 Less: Allowance for Doubtful Accts. 12 Less: Allowance for Sales Returns 13 Merchandise Inventory 14 Prepaid Insurance 16 Store Supplies 16 Total Current Assets 18 Property, Plant and Equipment 18 Land 20 Building 21 Less: Accum. Dep.-Building Office and Store Equipment 23 Less. Accum. Dep Equipment 24 Trucks 25 Less. Accum. Dep.-Trucks 26 Total Property. Plant and Equip. 27 28 Total Assets 28 30 Liabilities and Stockholders' Equity 31 Current Liabilities 82 Accounts Payable 33 FICA Taxes Payable 34 Witholding Taxes Payable 136 Unemployment Taxes Payable 36 Union Dues Payable 37 Salaries and Wages Payable 10 D Trucks Less: Accum. Dep.- Trucks Total Property, Plant and Equip. Total Assets Liabilities and Stockholders' Equity Current Liabilities 2 Accounts Payable 3 FICA Taxes Payable 4 Witholding Taxes Payable 5 Unemployment Taxes Payable 6 Union Dues Payable 7 Salaries and Wages Payable 8 Accrued Utilities Payable 3 Mortgage Payable-Current Portion 10 Accrued Interest Payable Income Tax Payable 2 Total Current Liabilities 3 44 Long Term Debt 45 Mortgage Payable- Long-Term Portion 48 47 Total Liabilities 48 49 Stockholders' Equity 50 Common Stock 51 Authorized. 300.000 shares of $1 par 52 value issued and outstanding 100.000 Shares 53 Additional Paid in Capital 54 Retained Earnings 55 56 Total Stockholders' Equity 57 58 Total Liabilities and Stockholders' Equity 59 en Ingome satement het a state. Bal. Sheet K A B 1 a/c # Accounts DR CR 100 Cash 98,324 110 Investment Securities--AFS 55,000 115 Accrued Interest Receivable 500 130 Accounts Receivable 148,411 131 Allowance for Doubtful Accounts 7,727 132 Allowance for Sales returns 4,452 140 Merchandise Inventory 439 570 150 Prepaid Insurance 7,784 160 Store Supplies 7.002 170 Land 285.820 180 Building 476.893 181 A. D. Building 56.338 182 Office & Store Equipment 170.941 183 A. D. Equipment 7 184 Delivery Trucks 3 185 A. D. Delivery Trucks 35,281 9 200 Accounts Pavable 106,730 0 210 FICA Taxes Pavable 3,260 21 220 Withholding Taxes Payable 3.471 22 230 Unemployment Taxes Payable 23 240 Union Dues Pavable 180 24 250 Salaries & Wages Pavable 16.219 25 260 Accrued Utilities Pavable 820 th 240 Union Dues Payable 250 Salaries & Wages Payable 260 Accrued Utilities Payable 270 Income Taxes Payable 280 Mortgage Payable 281 Accrued Interest Payable 300 Common Stock 301 PIC in Excess of Par 350 Retained Earnings 400 Sales 401 Sales Returns 402 Sales Discounts 490 Interest Revenue 500 Purchases 501 Purchase Returns 502 Purchase Discounts 520 Freight In 550 Cost of Goods Sold 600 Salaries & Wages Expense 605 Payroll Tax Expense 610 Advertising Expense 6201 Repair (Delivers Expense $ 630 Store Supplies Expense 6 640] Utilities Expense Pa Morksheet ATB 180 16,219 820 0 230,000 6,133 100.000 1.000.000 67777 1,324,327 3733 1511 500 S. 100 156 38381 1. 10 886 8184 11.674 K 12,511 500 0 0 0 A B 402 Sales Discounts 490 Interest Revenue 500 Purchases 501 Purchase Returns 502 Purchase Discounts 520 Freight In 550 Cost of Goods Sold 600 Salaries & Wages Expense 605 Payroll Tax Expense 610 Advertising Expense 620 Repair (Delivery) Expense 630 Store Supplies Expense 640 Utilities Expense 7 650 Insurance Expense 3 660 Depreciation Expense 9 670 Doubtful Accounts Expense -0 799 Miscellaneous Expense 51 800 Interest Expense 2 850 Income Tax Expense 900 Income Summary 54 55 Total 56 0 1,154,176 283,824 41.532 10.886 0 1.674 50.984 7.833 D 0 3521259 3.521259 10 Step by Step Solution
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