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i did eveeything else but im stuck on the balance sheet please help Cullumber Department Store b located in midtown Metropolis. During the past several
i did eveeything else but im stuck on the balance sheet please help
Cullumber Department Store b located in midtown Metropolis. During the past several years, net income fus been declining because suburban shopping centers have been attractine business away from eity areas. At the end of the companys fiscal year on Novernber. 30,2025 , these accounts appeared in its adjusted trial balance. Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Returns and Allowances Sales Revenue Utilities Expense 78,300 10,800 60,300 61,200 23,500 213,620 10,800 36,000 1,626,000 18,300 Sularies and Wates Expense Utilities Expense Total Operatiog: Expenses Income From Operations Other Revenues and Gains Gain on Disposul of Plant Assets Other Expenes and Losses Interest Evense Income Before fncome Tues income Tax Epense Net income / (toss) Prepare a retained earnings statement. (List items that increase retained earnings first.) CULLUMBER DEPARTMENT STORE Balance sheet Noweinber 50.2025 Assets Current/Ascets. Cash \( 5 \longdiv { 1 4 4 0 0 } \) Accounts fieceivable Inventory TotalCurrent Assets Property. Plant and Equipment Equipnent 330,000 Less : Accimulated Depreciation-Equipitims 122400 Total Property, Plant, and Equipesent Question 2 of 3 1.96/5 Liabilities and Stockholders' Equity Current Labilities Accounts Parsble 5 3 eTextbook and Media List of Accounts Step by Step Solution
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