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Hi,Can i get help with this?Please show all the Work! please show Computation on Retained Earnings Please! Example One Credit $ 1,500,000.00 Please complete the
Hi,Can i get help with this?Please show all the Work! please show Computation on Retained Earnings Please!
Example One Credit $ 1,500,000.00 Please complete the balance sheet based on the following trial balance Debit Cash Sales Revenue $ 167,000.00 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 $ Step by Step Solution
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