Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i have to create a blank template of a trail balance, income statement , retained earnings, & a balance sheet for merchandising. i did something
i have to create a blank template of a trail balance, income statement , retained earnings, & a balance sheet for merchandising. i did something like this but im not sure if im correct on my work. no number have to be included in the templates . i just want to know if im doing everything correctly
Assignment #1 Create a workbook template in Excel that includes worksheets for Merchandising to include: a 1. Trial balance 2. Income statement 3. Retained earnings 4. Balance sheet Each worksheet must be similar as shown in Illustrations 3.4, 3.20, 3.36, 3.36, 3.37, 3.42 Do not place an dollar ammounts in this workbook, it is to be used as a template for assignment #2 D5 D Debit Credit 1 Merchandising Trial Balance November 7, 2021 2 3 Cash 4 Accounts Recevable S Merchandise Inventory & Office Supplies 7 Equipment 8 Accumulated Depreciation equipment 9 Accounts Payable 10 Salaries Payable 11 Uhemed Revenue 12 Notes payable 13 Service Revenue 14 Cost of Goods Sold 15 Administrative Expense 16 Interest Expense 17 18 19 20 21 22 23 24 25 26 27 28 D G 1 Merchandising Income Statement for year Ended 2021 2 Sales 3 Les Sales Returns 4 Sales Discounts 5 Net Sales 7 Cost of Merchandise Sold 8 Gross Profit 9 10 Operating Expenses 11 Wages Expense 12 Supplies Expense 13 Depreciation Expense 14 15 Net Income 16 17 18 19 20 21 22 23 24 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started