Question
Complete the attached worksheet for 2011 for Green Company, given the following information, then prepare an income statement, statement of owners equity, and balance sheet:
Complete the attached worksheet for 2011 for Green Company, given the following information, then prepare an income statement, statement of owners equity, and balance sheet:
Physical count of inventory on hand on December 31 |
| $189,000 |
Insurance expired during the accounting period |
| 5,000 |
Count of supplies on hand on December 31: |
|
|
Store supplies |
| 1,300 |
Office supplies |
| 750 |
Depreciation for the accounting period: |
|
|
Store equipment |
| 4,500 |
Office equipment |
| 2,800 |
Salaries earned, but not paid as of December 31: |
|
|
Sales salaries | $3,850 |
|
Office salaries | 1,150 | 5.000 |
Unearned rent on December 31 |
| 400
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started