Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Could someone help me fill out these worksheets? 16-M Mastery Problem Preparing financial statements and closing entries the adjusted trial balance for Paulson Corporation for
Could someone help me fill out these worksheets? 16-M Mastery Problem Preparing financial statements and closing entries the adjusted trial balance for Paulson Corporation for the year ended December 31 of the current year a for $112,825.90 Instructions: 1. Prepare an income statement. 2. Prepare a vertical analysis of each amount in the fourth amount column. Round percentage calculations to the nearest 3. Prepare a statement of stockholders'equity. The company had 4,500 shares of $10.00 par value stock outstanding on ior completing this problem are given in the Working Papers The beginning balance of Merchandivry ng entries Lo1, 2, 3,4 r and forms Inventory is s to the nearest 0.1 %. January 1. The company issued an additional 500 shares during the year. 4. Prepare a balance sheet for the current year. 5. Journalize the closing entries on page 19 of the general journal. Peachtree general journal. and income statement 1. Journalize and post closing entries to the1. Journalize and post adjusting entries to the 1. Key the account balances in the trial balano journal. and the profit and loss statement. the post-closing trial balance. section of the worksheet. 2. Make the selections to print the balance sheet 2. Make the selections to print the balance sheet 2. Use the required formulas to calculate the totals of the Trial Balance columns. 3. Key the closing entries in the Adjustment 4. Create the appropriate formulas to exten 3. Make the selections to print the journal and 3. Make the selections to print the general columns journal and the post-closing trial balance amounts to the income statement and balance sheet. 16-M Mastery Problem Preparing financial statements and closing entries the adjusted trial balance for Paulson Corporation for the year ended December 31 of the current year a for $112,825.90 Instructions: 1. Prepare an income statement. 2. Prepare a vertical analysis of each amount in the fourth amount column. Round percentage calculations to the nearest 3. Prepare a statement of stockholders'equity. The company had 4,500 shares of $10.00 par value stock outstanding on ior completing this problem are given in the Working Papers The beginning balance of Merchandivry ng entries Lo1, 2, 3,4 r and forms Inventory is s to the nearest 0.1 %. January 1. The company issued an additional 500 shares during the year. 4. Prepare a balance sheet for the current year. 5. Journalize the closing entries on page 19 of the general journal. Peachtree general journal. and income statement 1. Journalize and post closing entries to the1. Journalize and post adjusting entries to the 1. Key the account balances in the trial balano journal. and the profit and loss statement. the post-closing trial balance. section of the worksheet. 2. Make the selections to print the balance sheet 2. Make the selections to print the balance sheet 2. Use the required formulas to calculate the totals of the Trial Balance columns. 3. Key the closing entries in the Adjustment 4. Create the appropriate formulas to exten 3. Make the selections to print the journal and 3. Make the selections to print the general columns journal and the post-closing trial balance amounts to the income statement and balance sheet
Could someone help me fill out these worksheets?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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