Question
Homemade Hams, Inc. Adjusted Trial Balance December 31, 2016 (Amounts in thousands) Account Debit Credit Cash $3,900 Accounts receivable 1,400 Inventories 2,300 Prepaid expenses 1,900
Homemade Hams, Inc. Adjusted Trial Balance December 31, 2016 (Amounts in thousands)
Account Debit Credit Cash $3,900 Accounts receivable 1,400 Inventories 2,300 Prepaid expenses 1,900 Property, plant, and equipment 16,900 Accumulated depreciation-property, plant, and equipment
$2,800 Other assets 9,600
Accounts payable 7,600
Income tax payable
500
Other liabilities 2,600
Common stock
14,500
Retained earnings (beginning, December 31, 2015) 5,900
Dividends 1,600
Sales revenue
42,000 Cost of goods sold 25,500 Selling, administrative, and general expenses 10,300
Income tax expense 2,500
Total $75,900 $75,900
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. Prepare Homemade Hams, Inc.'s single-step income statement and statement of retained earnings for the year ended December 31, 2016, and its balance sheet on that date Assets Cash Accounts receivable Inventories Prepaid expenses Property, plant and equipment Less: Accumulated depreciation-property, plant, and equipment Other assets Total assets Choose from any list or enter any number in the input fields and then click Check
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