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create a trial balance in the proper order. Then prepare a multi-step income statement, statement of retained earnings, and a classified balance sheet. Company Account
create a trial balance in the proper order. Then prepare a multi-step income statement, statement of retained earnings, and a classified balance sheet.
Company | |
Account Data | |
Account Name | December 31, 2016 |
Accounts payable | 25,309 |
Accounts receivable | 8,576 |
Accumulated depreciation - PPE | 13,327 |
Additional paid in capital | 16,201 |
Allowance for uncollectable accounts | 237 |
Bonds payable -long term | 7,694 |
Cash | 19,334 |
Common stock | 5 |
Cost of goods sold | 88,265 |
Depreciation expense | 167 |
General and Administrative expense | 2,432 |
Goodwill | 3,784 |
Income tax expense | 1,425 |
Interest expense | 484 |
Interest income | 100 |
Inventories | 11,461 |
Long-term payables | 12,607 |
Marketable securities | 6,647 |
Marketing expense | 7,233 |
Other assets (long term) | 4,723 |
Other current liabilities (accrued expenses) | 13,739 |
Other expense | 96 |
Other income | 90 |
Product Sales | 94,665 |
Property Plant and Equipment | 42,441 |
Retained earnings (1/1/2016) | 2,545 |
Service Sales | 41,322 |
Shipping expense (Fulfillment expense) | 17,619 |
Technology expense | 16,085 |
Treasury stock | 1,837 |
Unearned Revenue | 4,768 |
Check Figures: | |
Net Income | $ 2,371 |
Ending Retained Earnings | $ 4,916 |
Total Assets | $ 83,402 |
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