Question
Colleens Cookie Company Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Debit Credit Retained Earnings, Beginning Balance $1,403,000 Accumulated Other Comprehensive
Colleens Cookie Company
Trial Balance (Selected Accounts)
For the Current Year Ended December 31
Account
Debit
Credit
Retained Earnings, Beginning Balance
$1,403,000
Accumulated Other Comprehensive Income, Beginning Balance
$60,275
Dividends
62,000
Sales
1,520,000
Interest Income
3,900
Dividend Income
3,050
Gain on Sale of Property
6,800
Gain on Disposal of Plant Assets
70,000
Unrealized Gain on Trading Investments
27,850
Unrealized Gain on Available-for-Sale Bonds Before Tax
3,700
Gain on Sale of Discontinued Operations Before Tax
54,300
Cost of Goods Sold
400,000
Selling Expenses
41,000
Office Supplies Expense
50,100
Amortization Expense
13,000
Sales Salaries Expense
20,500
Advertising Expense
23,000
Office Salaries Expense
61,000
Depreciation Expense
27,000
Legal Fees
7,800
Accounting Fees
10,100
Interest Expense
6,000
Loss on Asset Impairment
8,600
E5-10 (similar to) 15 Question Help Colleen's Cookie Company provided the following account balances from its year-end trial balance (Click the icon to view the year-end trial balance.) During the year, Colleen issued no-par common stock. The proceeds of the new issue were $22,000. The company is subject to a 40% income tax rate. The beginning balance in common stock was $430,000 Read the requirement Colleen's Cookie Company Statement of Stockholders' Equity For the Current Year Ended December 31 Accumulated Other Comprehensive Income (Loss) Common Stock Retained Earnings Total Stockholders' Equity Balance, January 1 Balance, December 31 E5-10 (similar to) 15 Question Help Colleen's Cookie Company provided the following account balances from its year-end trial balance (Click the icon to view the year-end trial balance.) During the year, Colleen issued no-par common stock. The proceeds of the new issue were $22,000. The company is subject to a 40% income tax rate. The beginning balance in common stock was $430,000 Read the requirement Colleen's Cookie Company Statement of Stockholders' Equity For the Current Year Ended December 31 Accumulated Other Comprehensive Income (Loss) Common Stock Retained Earnings Total Stockholders' Equity Balance, January 1 Balance, December 31Step by Step Solution
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