ce Problem 13.3A (Static) Preparing classified financial statements. LO 13-1, 13-2, 13-3 The Enoteca Fine Wines is a retail store selling vintage wines. On December 31, 20X1, the firm's general ledger contained the accounts and balances below. All account balances are normal. Account Name Cash Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation -Store Equipment Office Equipment Accumulated Depreciation -Office Equipment Notes Payable, due 20X2 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Carbone, Capital Vincent Carbone, Drawing Income Summary Sales Sales Discounts Seminar Fee Income Expense Payroll Taxes Expense Depreciation Expense- Store Equipment Depreciation Expense- Office Equipment Advertising Expense Supplies Expense Interest Expense Totals Net Income Trial Balance Debit Purchases Purchases Returns and Allowances Freight In 225.00 Rent Expense 13,200.00 Wages 24,000.00 Required: $ 29,886.00 1,500.00 480.00 300.00 15,000.00 27,000.00 6,000.00 14,110.00 200.00 91,000.00 3,324.00 150.00 Credit 3,000.00 1,500.00 20,000.00 4,705.00 32,700.00 154,970.00 8,000.00 6,000.00 1,500.00 Adjustments Debit 160.00 170.00 14,000.00 15,000.00 500.00 38.25 3,800.00 Enoteca Fine Wines Worksheet Year Ended December 31, 20X1 Adjusted Trial Balance Debit Credit Credit $ 29,886.00 1,500.00 1,250.00 160.00 170.00 3,800.00 15,000.00 14,000.00 1,250.00 500.00 31.00 7.25 200.00 6,000.00 320.00 130.00 14,000.00 27,000.00 6,000.00 14,110.00 200.00 91,000.00 225.00 13,200.00 24,500.00 3,362.25 3,800.00 1,250.00 6,800.00 160.00 170.00 350.00 2,750.00 20,000.00 4,705.00 500.00 15,000.00 14,000.00 15,000.00 14,000.00 154,970.00 154,970.00 31.00 7.25 2,000.00 200.00 32,700.00 6,000.00 Income Statement Debit Credit 1,500.00 200.00 91,000.00 225.00 13,200.00 24,500.00 3,362.25 3,800.00 1,250.00 160.00 170.00 350.00 6,000.00 1,500.00 Balance Sheet Debit $29,886.00 1,500.00 320.00 130.00 14,000.00 27,000.00 6,000.00 14,110.00 Credit 6,800.00 2,750.00 20,000.00 4,705.00 500.00 31.00 7.25 2,000.00 200.00 32,700.00 200.00 $226,375.00 $226,375.00 $41,118.25 $41,118.25 $246,163.25 $246,163.25 $153,217.25 $176,470.00 $92,946.00 $69,693.25 23,252.75 23,252.75 $176,470.00 $176,470.00 $92,946.00 $92,946.00

Problem 13.34 cstatici Prenaritun retereife. Gequiled. diving the wow. Analyre: What is the inventory turnover for Enoleca fine Wines? Complete this question by entering your answers in the tabs below. Prepare a classified income statement for the year ended December 31, 20x1. The company does not clessify its operating expenses as selling expenses and general and administrathe expenses. (Round your answers to 2 decimal places.) Required: 1. Prepare a classified income statement for the year ended December 31,20X1. The company does not classify its operating expenses as selling expenses and general and administrative expeyses. 2. Prepare a statement of owner's equity for the year ended December \\( 31,20 x \\) W No additional investments were made during the year. 3. Prepare a classified balance sheet as of December 31, 20X1. Analyze: What is the inventory turnover for Enoteca Fine Wines? Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for the year ended December 31, 20x1. No additional investments were made during the year. (Round your answers to 2 decimal places.) Required: 1. Prepare a classified income statement for the year ended December \\( 31,20 \\times 1 \\). The company does not classify its operating expenses as selling expenses and general and administrative expenses 2. Prepare a statement of owner's equity for the year ended December 31,20X1. No additional investments were made during the year 3. Prepare a classified balance sheet as of December \\( 31,20 \\times 1 \\). Analyze: What is the inventory turnover for Enoteca Fine Wines? Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31, 20X1. (Round your answers to 2 decimal places.) Required: 1. Prepare a classified income statement for the year ended December \\( 31,20 \\times 1 \\). The company does not classify its operating expenses as selling expenses and general and administrative expenses. 2. Prepare a statement of owner's equity for the year ended December \\( 31,20 \\times 1 \\). No additional investments were made during the year. 3. Prepare a classified balance sheet as of December \\( 31,20 \\times 1 \\). Analyze: What is the inventory turnover for Enoteca Fine Wines? Complete this question by entering your answers in the tabs below. What is the inventory turnover for Enoteca Fine Wines? (Round your answer to 2 decimal places.)