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Hi,Can i get help with this Classified Balance Sheet please show all work and please show computation on Retained Earnings. Please complete the balance sheet
Hi,Can i get help with this Classified Balance Sheet please show all work and please show computation on Retained Earnings. Please complete the balance sheet based on the following trial balance Debit Credit Cash $ 167,000.00 Sales Revenue $ 1,500,000.00 Debt Investments (trading) at cost $120,000 $ 160,000.00 Cost of Goods Sold $ 500,000.00 Debt Investments (long term) $ 550,000.00 Equity Investment (long term) $ 300,000.00 Notes Payable (short Term) $ 300,000.00 Accounts Payable $ 700,000.00 Investment Revenue $ 30,000.00 Selling Expense $ 200,000.00 Buildings $ 1,200,000.00 Land $ 500,000.00 Dividends Payable $ 210,000.00 Accrued Liabilities $ 350,000.00 Accounts Recievable $ 500,000.00 Allowance for Doubtful Accounts $ 50,000.00 Accumulated Depreciation - Building $ 300,000.00 Administrative Expense $ 100,000.00 Interest Expense $ 50,000.00 Gain $ 70,000.00 Inventory $ 625,000.00 Notes Payable (long-term) $ 600,000.00 Bonds Payable $ 900,000.00 Equipment $ 680,000.00 Accumulated Depreciation - Equipment $ 260,000.00 Common Stock ($4 par) $ 400,000.00 Franchises $ 240,000.00 Treasury Stock $ 138,000.00 Patents $ 160,000.00 $ Retained Earnings Paid-in-Capital in Excess of Par $ 400,000.00 Total $ 6,070,000.00 $ 6,070,000.00
Hi,Can i get help with this Classified Balance Sheet please show all work and please show computation on Retained Earnings.
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