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Create an Icome Statement, A statement of Retained Earnings, and a Balance sheet for the following: Required Prepare a classified balance sheet as of December
Create an Icome Statement, A statement of Retained Earnings, and a Balance sheet for the following:
Required Prepare a classified balance sheet as of December 31, 2016. Multi-s Muti-sterp Income Statement The adjused trial balance of Marshall Corporation on December -2016, is shown below. Marshall Corporation Adjusted Trial Balance December 31, 2016 Debit Credit $ 50,400 95,200 87,000 1,300 ..32,000 Inventory.... Furniture and fixtures . Accumulated depreciation-furniture and fixtures. Delivery equipment.. Accumulated depreciation-delivery equipment.. Accounts payable. Common stock. Retained eamings $6,800 66,000 34,000 17,400 208,000 59,600 371,200 Cost of goods sold... Salaries expense .. 214,800 97,000 20,800 Utilities expense. Insurance expense... Depreciation expense-furniture and fixtures Depreciation expense-delivery equipment... 1,500 3,200 18,000 3,000 $697,000 $697,000Step by Step Solution
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