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Help with this will be greatly appreciated. (1)Prepare a multiple step income statement for the year ended December 31, 2018. Use the multiple step format.
Help with this will be greatly appreciated.
(1)Prepare a multiple step income statement for the year ended December 31, 2018. Use the multiple step format.
(2)Prepare a statement of retained earnings for the year ended December 31, 2018.
(3)Prepare a classified balance sheet as of December 31, 2018.
The following are your check figures
Net Income: $18,833.00
Total Assets: $120,268.00
ABC Company, Inc. Adjusted Trial Balance For Year Ended December 31, 2018 Account Title Cr 68,057 A/R - Alex's Engineering Co.... A/R Wildcat Services 2,800 9,047 5,220 A/R - IMF Co A/R - Liu Corporation.... A/R - Delta Co... A/R-KC, Inc 5,800 704 2,005 1,110 825 8,000 Accumulated depreciation-Office equipment Computer equipment.... Accumulated depreciation-Computer equipment 800 2,500 875 20,000 Unearned computer services revenue Retained earnings Computer services revenue 98,000 7,360 4,800 25,307 19,240 500 47 14,052 400 1,250 3,250 Depreciation expense-Office equipment Depreciation expense-Computer equipment 2,475 1,305 600 320 Computer supplies expense Miscellaneous expense... 9609n TotalsStep by Step Solution
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