. Create the adjusted trial balance and the financial statements for a merchandising company for the fiscal year ending December 31, 2017. You will make up all numbers included in the adjusted trial balance, and ultimately the financial statements, except where a required balance is indicated, as detailed below. The following must be reflected in those statements: use only whole numbers throughout the project - no cents or place holders for cents; the company is organized as a corporation; the company has both cumulative preferred and common stock issued; it was the company's first year of operations; the company is a merchandiser with an ending inventory on December 31; the cash account has an ending balance of $10,000: the company recognized bad debt expense on December 31 in the amount of $25,000 (allowance for doubtful accounts method is used not the direct method); the company purchased only one long-term, depreciable asset during the year and depreciation was recognized - in addition, the asset was still in service on December 31 and will be in service during 2018: the company declared dividends during December in an amount large enough for common stockholders to receive a dividend (Statement of Stockholders' Equity must identify amount declared for preferred stockholders and amount declared for common stockholders); On December 31, the company still held all treasury stock that was repurchased during the year: the company has at least four current liabilities: the company issued $250,000 4-year, 5% bonds on July 1; the bonds pay interest semiannually on January 1 and July 1, and the effective interest rate method is used to amortize the bonds: the market rate of interest was 6% on the day of issuance (Use CH14 - Table 2 and CH14 - Table 4, posted on D2L with the chapter 14 materials, when present value tables are required.): the bond described in the previous bullet point is the only interest-bearing liability that the corporation has ever entered into; the company had invested in only one trading security investment, which it still held on December 31 the investment was purchased for $17,000 and his increased in value since its purchase: the company had invested in only one available for sale investment, which it still held on December 31 - the investment had decreased in value since its purchase; income statement SHOULD NOT INCLUDE the earnings per share calculation, because the number of shared outstanding during the fiscal year did not remain constant throughout (requiring a weighted- average calculation) . . . Create the adjusted trial balance and the financial statements for a merchandising company for the fiscal year ending December 31. 2017. You will make up all numbers included in the adjusted trial balance, and ultimately the financial statements, except where a required balance is indicated, as detailed below. The following must be reflected in those statements: use only whole numbers throughout the project - no cents or place holders for cents; the company is organized as a corporation; the company has both cumulative preferred and common stock issued; . it was the company's first year of operations; the company is a merchandiser with an ending inventory on December 31; the cash account has an ending balance of $10,000; the company recognized bad debt expense on December 31 in the amount of $25,000 (allowance for doubtful accounts method is used not the direct method); the company purchased only one long-term, depreciable asset during the year and depreciation was recognized - in addition, the asset was still in service on December 31 and will be in service during 2018: the company declared dividends during December in an amount large enough for common stockholders to receive a dividend (Statement of Stockholders' Equity must identify amount declared for preferred stockholders and amount declared for common stockholders); On December 31, the company still held all treasury stock that was repurchased during the year: the company has at least four current liabilities: the company issued $250,000 4-year, 5% bonds on July 1; the bonds pay interest semiannually on January 1 and July 1, and the effective interest rate method is used to amortize the bonds: the market rate of interest was 6% on the day of issuance (Use CH14 - Table 2 and CH14 - Table 4, posted on D2L with the chapter 14 materials, when present value tables are required.): the bond described in the previous bullet point is the only interest-bearing liability that the corporation has ever entered into; the company had invested in only one trading security investment, which it still held on December 31 the investment was purchased for $17.000 ind is increased in value since its purchase: ile company had invested in only one available for sale investment, which it still held on December 31 - the investment had decreased in value since its purchase; income statement SHOULD NOT INCLUDE the earnings per share calculation, because the number of shared outstanding during the fiscal year did not remain constant throughout (requiring a weighted- average calculation) . . Create the adjusted trial balance and the financial statements for a merchandising company for the fiscal year ending December 31, 2017. You will make up all numbers included in the adjusted trial balance, and ultimately the financial statements, except where a required balance is indicated, as detailed below. The following must be reflected in those statements: use only whole numbers throughout the project - no cents or place holders for cents; the company is organized as a corporation; the company has both cumulative preferred and common stock issued; it was the company's first year of operations; the company is a merchandiser with an ending inventory on December 31; the cash account has an ending balance of $10,000: the company recognized bad debt expense on December 31 in the amount of $25,000 (allowance for doubtful accounts method is used not the direct method); the company purchased only one long-term, depreciable asset during the year and depreciation was recognized - in addition, the asset was still in service on December 31 and will be in service during 2018: the company declared dividends during December in an amount large enough for common stockholders to receive a dividend (Statement of Stockholders' Equity must identify amount declared for preferred stockholders and amount declared for common stockholders); On December 31, the company still held all treasury stock that was repurchased during the year: the company has at least four current liabilities: the company issued $250,000 4-year, 5% bonds on July 1; the bonds pay interest semiannually on January 1 and July 1, and the effective interest rate method is used to amortize the bonds: the market rate of interest was 6% on the day of issuance (Use CH14 - Table 2 and CH14 - Table 4, posted on D2L with the chapter 14 materials, when present value tables are required.): the bond described in the previous bullet point is the only interest-bearing liability that the corporation has ever entered into; the company had invested in only one trading security investment, which it still held on December 31 the investment was purchased for $17,000 and his increased in value since its purchase: the company had invested in only one available for sale investment, which it still held on December 31 - the investment had decreased in value since its purchase; income statement SHOULD NOT INCLUDE the earnings per share calculation, because the number of shared outstanding during the fiscal year did not remain constant throughout (requiring a weighted- average calculation) . . . Create the adjusted trial balance and the financial statements for a merchandising company for the fiscal year ending December 31. 2017. You will make up all numbers included in the adjusted trial balance, and ultimately the financial statements, except where a required balance is indicated, as detailed below. The following must be reflected in those statements: use only whole numbers throughout the project - no cents or place holders for cents; the company is organized as a corporation; the company has both cumulative preferred and common stock issued; . it was the company's first year of operations; the company is a merchandiser with an ending inventory on December 31; the cash account has an ending balance of $10,000; the company recognized bad debt expense on December 31 in the amount of $25,000 (allowance for doubtful accounts method is used not the direct method); the company purchased only one long-term, depreciable asset during the year and depreciation was recognized - in addition, the asset was still in service on December 31 and will be in service during 2018: the company declared dividends during December in an amount large enough for common stockholders to receive a dividend (Statement of Stockholders' Equity must identify amount declared for preferred stockholders and amount declared for common stockholders); On December 31, the company still held all treasury stock that was repurchased during the year: the company has at least four current liabilities: the company issued $250,000 4-year, 5% bonds on July 1; the bonds pay interest semiannually on January 1 and July 1, and the effective interest rate method is used to amortize the bonds: the market rate of interest was 6% on the day of issuance (Use CH14 - Table 2 and CH14 - Table 4, posted on D2L with the chapter 14 materials, when present value tables are required.): the bond described in the previous bullet point is the only interest-bearing liability that the corporation has ever entered into; the company had invested in only one trading security investment, which it still held on December 31 the investment was purchased for $17.000 ind is increased in value since its purchase: ile company had invested in only one available for sale investment, which it still held on December 31 - the investment had decreased in value since its purchase; income statement SHOULD NOT INCLUDE the earnings per share calculation, because the number of shared outstanding during the fiscal year did not remain constant throughout (requiring a weighted- average calculation)