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Create a Balance statement using following accounts. Attached is Trial Balance, Income statement & Retained Earning statement Final Format should be a balance sheet where
Create a Balance statement using following accounts. Attached is Trial Balance, Income statement & Retained Earning statement
Final Format should be a balance sheet where total assets and total liabilities + Stockholders Equity are equal and balanced
A C E F H Account Debit Credit Cash $25,506.00 Accounts Recievable Inventory-Cookie Inventory-Basket Supplies Shipping Supplies Prepaid Insurance $3,418.00 $722.00 $115.00 $90.00 $2,475.00 $1,800.00 $250.00 $3,600.00 ($75.00) $16,600 ($260.00) Prepaid Rent Prepaid Advertising Computer Equipment Accumulated Depreciation- Computer Equipmer Delivery Van Accumulated Depreciation-Van Accounts Payable Notes Payable-Wells Fargo Notes Payable-Office Mart $3,452.00 $10,000.00 $3,300.00 $1,000.00 Wages Payable Interest Payable $75.00 $35,000.00 Common Stock Dividends $100.00 Sales $19,300.00 Costs of Goods Sold. $12,800.00 Legal Expense Supplies Expense Shipping Supplies Expense Insurance Expense Wages Expense $800.00 $185.00 $310.00 $225.00 $1,000.00 Credit Card Expense $350.00 Advertising and Promotion Expense Utility Expense Rent Expense $950.00 $120.00 $600.00 Depreciation Expense $335.00 Interest Expense Bank Service Fee $110.00 $30.00 $72,127.00 $72,127.00 D C B A 1 Connie's Cookie Bouqget 2 Income Statement For Period Ended 6/30/2019 4 $19,300 5 Sales ($12,800) 6 Costs of Goods Sold $6,500 8 Gross Profit 10 Expenses: 11 Legal Expense 12 Supplies Expense 13 Shipping Supplies Expense 14 Insurance Expense 15 Wages Expense 16 Credit Card Expense 17 Advertising and Promotion Exp 18 Utility Expense 19 Rent Expense 20 Depreciation Expense 21 Interest Expense 22 Bank Service Fee 23 Total Expenses: ($800.00) ($185.00) ($310.00) ($225.00) ($1,000.00) ($350.00) ($950.00) ($120.00) ($600.00) ($335.00) ($110.00) ($30.00) ($5,015.00) 24 $1,485.00 25 Net Income: m C D A B 1 Connie's Cookie Bouquet 2 Statement of Retained Earnings 3 For Period Ended 6/30/2019 4 5 Accounts 6 Retained Earnngs, Beginning 7 Net Income Amount $0.00 $1,485.00 $1,485.00 ($100.00) $1,385 9 Dividends 10 Retained Earnings, 6/30/2019 11 Step by Step Solution
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