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I have been provided with the following list of account titles. I need to create an income statement , a statement of retained earnings ,
I have been provided with the following list of account titles. I need to create an income statement, a statement of retained earnings, and a balance sheet using all of the account titles from the list (provided in the photos below). There does not need to be any money amounts, and there is no specific company. The purpose is just to make correctly formatted financial statements with their correct accounts. (Ex: Cash, Accounts Receivable, Inventory on a Balance Sheet, and in proper order of liquidity (most-to-least).)
Account Title 3 Account Payable 4 Account Receivable 5 Accumulated Depreciation - Building 6 Accumulated Depreciation - Office Equipment 7 Accumulated Depreciation - Store Fixtures 8 Administration Salaries Expense 9 Advertising expense 10 Allowance for Doubtful Accounts 11 Beginning Retained Earnings 12 Building 13 Cash 14 Common Stock 15 Cost of Good Sold 16 Credit Card Revenues 17 Depreciation Expense - Building 18 Depreciation Expense - Office Equipment 19 Depreciation Expense - Store Equpment 20 Dividends on Common Shares 21 Employer Taxes payable 22 Freight expense 23 Gains on Sales of Equipment 24 Insurance expense 25 Interest Expense 26 Interest Payable 27 Inventory 28 Land 29 Mortgage Payable 30 Notes Payable 31 Notes Receivable 32 Office equipment 33 Office supplies 34 Office Supplies Expense 35 Paid in Excess of Par 36 Patents 37 Petty Cash 38 Prepaid Insurance 39 Rent expense 40 Rent revenue 41 Salaries Payable 42 Sales 43 Sales Commissions 44 Sales discounts 45 Sales returns 46 Sales Tax payable 47 Store fixtures 48 Supplies 49 Supplies Expense 50 Unearned revenue 51 Unfunded Pension Due 52 Utilities ExpenseStep by Step Solution
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