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How to make financial statements based on this adjusted trial balance? Big Bob's Bowling Balls Ltd. Adjusted Trial Balance December 31, 2019 Debit Credit Cash

How to make financial statements based on this adjusted trial balance?

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Big Bob's Bowling Balls Ltd. Adjusted Trial Balance December 31, 2019 Debit Credit Cash $223,000 Cost of goods sold 600,000 Accounts receivable 110,000 Trading investments 15,000 Inventory 345,000 Prepaid expenses 1,000 Land 200,000 Buildings 900,000 Accumulated depreciation, buildings $250,000 Manufacturing equipment 400,000 Accumulated depreciation, equipment 75,000 Trademark 25,000 Accounts payable 60,000 Line of credit 25.000 Dividends declared 25,000 Income tax payable 25,000 Bank loan payable (due Dec 31, 2020) 550.000 Bank Loan payable due Jun 30, 2028) 700.000 Common shares 123,375 Retained earnings 175,000 Sales revenue 1,350,000 Interest expense 13,500 Investment revenue 5,000 Depreciation expense 37,000 Selling and marketing expense 234.000 Income tax expense 86,875 General and administrative expense 123,000 Total $3,338,375 $3,338,375 Additional Information Dividends were declared during the year 5,000 Common shares were issued for $100,000

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