DEPARTMENT: FINANCE INSTRUCTOR: TAHAR TAYACHI, PHD COURSE: ACCT 10 Exercise 1: ABC Company Adjusted Trial Balance 31 December, 2017 Account Name Cash Ref Debit Credit $ 400,000.00 Accounts Recievable $ 30,000.00 office Suppliers office equipments $ 15,000.00 Vehicle $ 40,000.00 $ 45,000.00 Duilding Accounts Payable Noted Payable $ 300,000.00 $ 100,000.00 $ 50,000.00 Common Stock Retained Earnings $ 500,000.00 $ 20,000.00 Sales Revenues $ 700,000.00 Cost of goods sold $ 400,000.00 Salaries expenses $ 50,000.00 Rent expenses $ 20,000.00 Supplies expenses $ 10,000.00 Advertising $ 30,000.00 Insurance $ 30,000.00 Total $1,370,000.00 $1,370,000.00 Requirements: For the year ended 31 December 2017 a. Prepare a Multiple Step Income Statement b. Prepare a Statement Of Owner's Equity c. Prepare a Classified Balance Sheet