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help with my accounting hw, i attend tsu Use the following information available as of December 31 to prepare an Income statement for the year
help with my accounting hw, i attend tsu
Use the following information available as of December 31 to prepare an Income statement for the year and a balance sheet for Goldie Company Fees for services performed during the year. $126,000 Accounts payable $17,900 Accounts receivable, $17.400 Miscellaneous expenses for the year, $9,000 Supplies on hand $3,300 Notes payable, $27,000 Interest expense on the note for the year, $3,600 Equipment, $92,500 Cash on hand, $11,600 Salaries expense for the year, $71,200 Supplies expense for the year, $8,500 Rent expense for the year $11.200 Common stock that has been issued, $53,000 Retained earnings at the end of the year. $26,900 a. Income statement GOLDIE COMPANY Income Statement For the year ended December 31 Revenues: Expenses: Total expenses 0 $ 0 b. Classified balance sheet. (Be sure to list the assets and liabilities in order of their liquidity.) GOLDIE COMPANY Balance Sheet December 31 Liabilities Assets $ 0 Total Liabilities Stockholders' Equity 0 Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity $ Total Assets 0 Step by Step Solution
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