Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

create a multi-step income statement along with a classified balance sheet al T Chart Table Text Shape Media Comment V 120% + non Add Page

image text in transcribed
create a multi-step income statement along with a classified balance sheet
image text in transcribed
al T Chart Table Text Shape Media Comment V 120% + non Add Page Insert Part 2: Insert Second Trial Balance HERE. Matthews Company Adjusted Trial Balance December 31, 2017 BLUM 8.000 2005 CREDIT 300 100 90 27000 150 2,000 ACCOUNS Receive Allowance for DoublAccounts Short term Not Receivable interest Receivable ES Inventory Prepaidxpenses Lquipment Accumulated Deprecation ISODIO Account ya Interest Payable Uneamed Revenue Longcm Not Payable Common Stock Pad-Cancer CAPS Relined Emin TOIVERS 1,800 2930 15 150 1.200 300 700 600 2,500 2,830 Soest Allowances Sales Discounts Cok or Go 600 Lad debt eens Depreciation Experte Amortization perme Weespere Rent expense Orce pense Supplies Expo Selingen Interest Expense interest Revenge Income Expense 75 243300 80 750 90 2550 10 2.50 300 TOU 360 35,120 5571 MacBook Air subtotals. Insert Second Trial Balance HERE. Matthews Company Adjusted Trial Balance December 31, 2017 DEBIT 8,000 4,005 CREDIT 340 500 100 80 2,000 150 4,000 1,800 400 Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Inventory Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Pald-in-Capital In Excess of Par CS Retained Earnings (1/1/17) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Bad debt expense Depreciation Expense Amortization Expense Wages Expense Rent Expense Office Expense Supplies Expense Selling Expense Interest Expense Interest Revenue Income Tax Expense Totals 450 15 150 1,200 5,300 700 3,000 2,500 41,830 30 75 24,500 80 150 90 4,550 1,700 800 250 580 100 335 480 55,120 55,120

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting, Representation And Responsibility

Authors: Niels Joseph Lennon

1st Edition

0367540436, 9780367540432

More Books

Students also viewed these Accounting questions