? Find - A Replace Change Select T Styles Editing ( WHU Document23 - Microsoft Word Picture Tools File Home Insert Page layout References Mailings Review View Format X Cut Calibri (Body) - 11 - A A AR 2. 1 NaDocedate neBbccddge AalbCcDd AaBbccd AaBb habCcDE Copy Paste BI U XX A Normal 1 No Spacing Heading 1 Heading 2 Title Subtitle Format Painter Clipboard Font Paragraph Styles QUESTION 2 PARTA [17 Marks) The following account balances were included in the trial balance of Pebbles & Bam Bam Corporation at October 31, 2017 PEBBLES & BAM BAM CORPORATION TRIAL BALANCE OCTOBER 31, 2017 Cest of goods sold SB95.000 Cash 94,700 Accounts Receivable 85.000 Rant Revenue 25.000 Retained Earnings 160,000 Salaries Payable 21.000 Sales 1.200.000 Notes Receivable 115.000 Accounts Payable 82.000 Accumulated Depreciation Machine 30.000 Sales Discounts 25.200 Sales Returns 25.800 Loss due to earthquake damage 30.000 Selling Expenses 251.000 Administrative Expenses 90,000 Common Stock 300.000 Write-off goodwill 55.000 Dividends declared on common stock 20.000 Dividends declared on preferred stock 15,000 Loss on disposal of a division, not of tax 20.000 Equipment 140.000 Bonds Payable 120.000 Gain on Sale of Machine 45.000 Accumulated Depreciation Building 45.000 Building 200.000 Dividend revenue 50.000 Bond interest expense 7.500 Depreciation understatement due to error-2014 (net of tax) 12.500 Los on operations, net of tax 25.000 Additional Information: All of the above accounts had their romal debitor credit balances This is a partial trial balance and therefore total debits and credits do not equal to zero (O) docpany income tax rate is 25%. Assume that all income items are fully taxable co There are 100.000 ordinary shares outstanding Required: Prepare a multiple-step income statement for 2017 in good format 17 marka 1 E 29 E3 10996 + Page: 2 of 2 Words: 0 2 0 Type here to search A W 8:14 AM 12/15/2020 ? Find - A Replace Change Select T Styles Editing ( WHU Document23 - Microsoft Word Picture Tools File Home Insert Page layout References Mailings Review View Format X Cut Calibri (Body) - 11 - A A AR 2. 1 NaDocedate neBbccddge AalbCcDd AaBbccd AaBb habCcDE Copy Paste BI U XX A Normal 1 No Spacing Heading 1 Heading 2 Title Subtitle Format Painter Clipboard Font Paragraph Styles QUESTION 2 PARTA [17 Marks) The following account balances were included in the trial balance of Pebbles & Bam Bam Corporation at October 31, 2017 PEBBLES & BAM BAM CORPORATION TRIAL BALANCE OCTOBER 31, 2017 Cest of goods sold SB95.000 Cash 94,700 Accounts Receivable 85.000 Rant Revenue 25.000 Retained Earnings 160,000 Salaries Payable 21.000 Sales 1.200.000 Notes Receivable 115.000 Accounts Payable 82.000 Accumulated Depreciation Machine 30.000 Sales Discounts 25.200 Sales Returns 25.800 Loss due to earthquake damage 30.000 Selling Expenses 251.000 Administrative Expenses 90,000 Common Stock 300.000 Write-off goodwill 55.000 Dividends declared on common stock 20.000 Dividends declared on preferred stock 15,000 Loss on disposal of a division, not of tax 20.000 Equipment 140.000 Bonds Payable 120.000 Gain on Sale of Machine 45.000 Accumulated Depreciation Building 45.000 Building 200.000 Dividend revenue 50.000 Bond interest expense 7.500 Depreciation understatement due to error-2014 (net of tax) 12.500 Los on operations, net of tax 25.000 Additional Information: All of the above accounts had their romal debitor credit balances This is a partial trial balance and therefore total debits and credits do not equal to zero (O) docpany income tax rate is 25%. Assume that all income items are fully taxable co There are 100.000 ordinary shares outstanding Required: Prepare a multiple-step income statement for 2017 in good format 17 marka 1 E 29 E3 10996 + Page: 2 of 2 Words: 0 2 0 Type here to search A W 8:14 AM 12/15/2020
