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Cash A/R Allowance for Doubtful accounts Investment Equip AD-Equip Accounts payable Income tax payable Common Stock Adjusted Trial Balance 2015 DR CR 157,000 170,000 30,000
Cash A/R Allowance for Doubtful accounts Investment Equip AD-Equip Accounts payable Income tax payable Common Stock Adjusted Trial Balance 2015 DR CR 157,000 170,000 30,000 52,000 279,000 106,000 109,000 27,000 160,000 Adjusted Trial Balance 2014 DR Cr 78,000 185,000 30,000 74,000 240,000 89.000 121,000 29,000 160,000 148,000 600,000 85,000 580,000 Retained Earnings Sales COGS Salaries Expense Depreciation expense Dividends Loss on Sale Tax expense Totals 350,000 93,000 17,000 30,000 5,000 27,000 1,180,000 340,000 120,000 8,000 20,000 29,000 1,094,000 1,180,000 1,094,000 Sold investments @ a loss of $5,000; investments are long term. WACSO 80,000 shares weighted average shares outstanding Prepare the current year financial statements. Income statement, Statement of Retained earnings, Balance sheet and Statement of Cash Flows
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