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Can you help with the income statement in simple format and corporate balance sheet in multiple format? Please work in excel table. See instructions below:
Can you help with the income statement in simple format and corporate balance sheet in multiple format?
Please work in excel table. See instructions below:
INSTRUCTIONS: PREPARE INCOME STATEMENT IN SIMPLE FORMAT AND A CORPORATE BALANCE SHEET IN MULTIPLE FORMAT FOR VELTOMAR COMPANY RETAINED EARNINGS 25,000 CASH 125,000 COST OF GOODS SOLD 545,000 CONTRIBUTIONS TAX EXPENSE 15,000 MARKETABLE SECURITIES 10,000 EQUIPMENT 150,000 COMMON STOCK 100,000 SALES 1,000,000 DEPRECIATION EXPENSE 15,000 ACCOUNTS RECEIVABLE 15,000 ACCOUNTS PAYABLE 35,000 PAID IN CAPITAL IN EXCESS OF PAR 50,000 25,000 SELLING AND ADMINISTRATIVE EXPENSE INVENTORY 30,000 ACCUMULATED DEPRECIATION 50,000 BONDS PAYABLE (LONG TERM) 50,000 INTEREST EXPENSE 5,000 NOTES PAYABLE (long term) 15,000 5,000 NOTES PAYABLEStep by Step Solution
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