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Could you prepare an income statement and vertical analysis of each amount in the fourth column for me from this? 16-M MASTERY PROBLEM (LO1, 2,
Could you prepare an income statement and vertical analysis of each amount in the fourth column for me from this?
16-M MASTERY PROBLEM (LO1, 2, 3, 4), p. 511 Preparing financial statements and closing entries Paulson Corporation Adjusted Trial Balance December 31, 20- 283 6211 Cash Petty Cash Accounts Receivable Allowance for Uncollectible Accounts Merchandise Inventory Supplies-Office Supplies-Store Prepaid Insurance Notes Receivable Interest Receivable Office Equipment Accumulated Depreciation- Office Equipment Store Equipment 2111971 2 5 14 17457 8 0 9 0 7 1 2589 23 921 61514 Accumulated Depreciation-Store Equipment 2866480 17148 Accounts Payable Sales Tax Payable Employee Income Tax Payable 21 03 492 Social Security Tax Payable Medicare Tax Payable Health Insurance Premiums Payable Retirement Benefits Payable Unemployment Tax Payable-Federal Unemployment Tax Payable-State Federal Income Tax Payable Dividends Payable Capital Stock Retained Earnings 483 30891 153 50 66 25931 Note: Adjusted trial balance is continued on next page.) 488 Working Papers Step by Step Solution
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