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Excalbur Corporation selis video gomes for personal computers. The unadfusted trial balance as of December 31, 2024, appears below. December 31 is the company's reporting
Excalbur Corporation selis video gomes for personal computers. The unadfusted trial balance as of December 31, 2024, appears below. December 31 is the company's reporting yeaf-end. The company uses the perpetual inventory system. Informaton necessary to prepare the yearend adfusting entries appears below 1. The office equipment whs putchased in 2022 and is being deprecisted using the utraightuhe method over an elghtyear usehul ite Whit ro restduar visue. 2. Accrued salgiles at yeatend thould be $5,100 3. The eompary borrowed $29,100 an September 1,2024 , the principal is due to be repald in 10 years interest is payable twice a year on each August 31 and February 28 at an annual rate of tok 4. The company debits supplies whien supples are purchesed. suppolies on hand at year-end cost 5440 . 5. Prepaid rent expired dueing the period is $13800 Cith dividends pald to shareholders during the yeer amounted to $6. 375 Mequired: 1. Complete the worksheet below. 2. Use the information in the worksheet to prepure en incorne statement for 2024 26 . Uie the informotion in the workweet to prepare a stutement of Whareholders' equily for 2024 Femphate the norbsem belium Excalbur Corporation selis video gomes for personal computers. The unadfusted trial balance as of December 31, 2024, appears below. December 31 is the company's reporting yeaf-end. The company uses the perpetual inventory system. Informaton necessary to prepare the yearend adfusting entries appears below 1. The office equipment whs putchased in 2022 and is being deprecisted using the utraightuhe method over an elghtyear usehul ite Whit ro restduar visue. 2. Accrued salgiles at yeatend thould be $5,100 3. The eompary borrowed $29,100 an September 1,2024 , the principal is due to be repald in 10 years interest is payable twice a year on each August 31 and February 28 at an annual rate of tok 4. The company debits supplies whien supples are purchesed. suppolies on hand at year-end cost 5440 . 5. Prepaid rent expired dueing the period is $13800 Cith dividends pald to shareholders during the yeer amounted to $6. 375 Mequired: 1. Complete the worksheet below. 2. Use the information in the worksheet to prepure en incorne statement for 2024 26 . Uie the informotion in the workweet to prepare a stutement of Whareholders' equily for 2024 Femphate the norbsem belium
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