d. prepare income statement e. building estimated life 20 years f. machinery estimated life 10

worksheet needs income statement and balance sheet columns

- Format Painter Clipboard Font Alignme H19 X B D 1 2 3 4 YOUR COMPPANY TRIAL BALANCE 12/31/2020 Debit Credit 180,000 3,350,000 394,000 150,000 500,000 920,000 80,000 300,000 5,000 300,000 50,000 500,000 100,000 5 6 Accounts payable 7 Accounts receivable 8 Administration expenses 9 Allowance for doubtful accounts 10 Bonds payable 5% - due in 10 years; issued 6-30-20 11 Buildings & land- net (land cost $50,000) 12 Cash 13 Common stock, $1. par 14 Deferred revenue - due 2-1-2021 15 Inventories 1-1-20 16 Investments 17 Land 18 Machinery purchased 2015 estimated life 10-yrs 19 Notes payable 12% 20 Notes receivable 10%, 21 Patent-net 22 PIC common stock 23 Prepaid expenses 24 Purchases 25 Retained earnings 26 Salaries payable 27 Sales 28 sales expenses 29 Treasury stock 30 Interest expense 31 32 33 1. YE inventory - $350,000 34 2. N/P issued 1/1/2020 @ 1296 35 3. N/R received on 5/30/2020 @ 10% 36 37 a. make YE adjustment 30 b. prepare worksheet 29 prepore clasufled balance sheet Trial Balance Work Sheet 60,000 50,000 970,000 35,000 6,100,000 1,344,000 40,000 8,850,000 500,000 100,000 12,439,000 12,439,000 Income Statement Balance Sheet Computations Type here to search