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Construct an income statement and a balance sheet from the scrambled entries for Paradise Pond Company from the data for the years 2014 and 2015
Construct an income statement and a balance sheet from the scrambled entries for Paradise Pond Company from the data for the years 2014 and 2015 shown in the table below:
Paradise Pond Company Accounts receivable Less: Accumulated depreciation Accounts payable Bonds Cash Common shares Contributed capital Cost of goods sold Depreciation expense Income taxes Interest expense Inventories Net plant and equipment Net revenue from sales Operating expenses Plant and equipment Profit after taxes Profit before taxes Retained earnings Sales Total assets Total current assets Total current liabilities Total expenses Total liabilities and owners' equity Total long-term assets Total long-term liabilities Total owners' equity Working capital loan 2014 675 1500 300 9000 300 450 9000 1750 550 200 125 825 1800 1250 075 3300 300 5000 1050 3000 3600 1800 300 750 3600 1800 900 2400 000 2015 638 1800 225 900 225 450 900 2125 500 300 150 938 2100 1500 100 3900 450 750 1200 3625 3900 1800 450 750 3900 2100 900 2550 225Step by Step Solution
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