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Data Table liabilities of A ed on that da on to view th Equipment $ 112,000 Land.. $ 22,000 ements. Interest expense 98,900 Prepare the
Data Table liabilities of A ed on that da on to view th Equipment $ 112,000 Land.. $ 22,000 ements. Interest expense 98,900 Prepare the Interest payable Accounts payable 10,200 Note payable 3,200 Property tax expense 29,000 Rent expense 108,900 Accounts receivable ..., 7,100 42,000 Salary expense 84,600 eading and mpty; do not Building 408,000 Service revenue 451,600 Post Juni Cash 46,000 Supplies... 6,700 In Common stock. 19,700 Utilities expense 8,900 Beginning retained earnings was $364,000, and dividends declared and paid totaled $110,000 for the year. cember 31, 2 Requirements 1. Prepare the income statement of Post Juniper Garden Supply, Inc., for the year ended December 31, 2018. 2. Prepare the company's statement of retained earnings for the year. 3. Prepare the company's balance sheet as of December 31, 2018. 4. Analyze Post Juniper Garden Supply, Inc., by answering these questions: a. Was Post Juniper profitable during 2018? By how much? b. Did retained earnings increase or decrease? By how much? Which is greater, total liabilities or total stockholders' equity? Who has a greater claim to Post Juniper's assets: its creditors or its stockholders? C. Print Done
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