Question
*i need a ***multi step income statement ,a statement of retained earnings, and a classified balance sheet.(it has to be multi step income statement not
*i need a ***multi step income statement ,a statement of retained earnings, and a classified balance sheet.(it has to be multi step income statement not single an i need everything to be specified weather its a curresnt asset or plant asset on the classified balance sheet.)
and this is in typed format:
FINANCIAL STATEMENT PROJECT ASSIGNMENT #5 Below is the trial balance of Stellar Corporation on December 31, 2015. The accounts are listed in alphabetical order and all accounts have normal balances. Account Title: Balance: Account Title: Balance: Accounts Payable 110 Income Tax Expense 420 Accounts Receivable 360 Income Tax Payable 190 Accum. Amort. - Copyright 40 Interest Expense 45 Accum. Amort. - Patent 20 Interest Payable 25 Accum. Depl. - Gold Mine 80 Interest Receivable 4 Accum. Depr. - Bldngs. 300 Interest Revenue 10 Accum. Depr. - Equip. 220 Investment Income 620 Adjustment to Market-AFS Sec (debit balance) 35 Land 360 Administrative Expenses 950 Long-Term Investment in Subsidiary 2,760 Allowance for Bad Debts 50 Loss on Sale of AFS Sec. 15 APIC-Common 220 Merchandise Inventory 280 APIC-Preferred 80 Mortgage Note Payable (30-year) 390 APIC-Treasury 90 Notes Receivable (short-term) 70 Available for Sale Securities (short-term) 440 Patent 95 Bonds Payable (15 year) 650 Preferred Stock 400 Buildings 1,200 Prepaid Insurance 110 Cash 520 Rental Revenue 380 Cash Dividends Declared 240 Retained Earnings (Beg Bal) 625 Common Stock 800 Salaries Payable 300 Common Stock Dividend Distributable 120 Sales 9,860 Copyright 60 Sales Discounts 200 Cost of Goods Sold 4,014 Sales Returns & Allowances 740 Discount on Bonds Payable 140 Selling Expenses 1,400 Dividend Revenue 20 Short-Term Notes Payable 140 Dividends Payable 130 Stock Dividends Declared 180 Equipment 740 Supplies 80 FICA Taxes Payable 140 SUTA Taxes Payable 60 FUTA Taxes Payable 20 Treasury Stock 175 Gain on Disposal of Plant Assets 40 Unealized Gain on Valuation of AFS 35 Gold Mine 550 Unearned Rental Revenue 18 REQUIRED: Prepare the financial statements for the year for Stellar Corporation--a multi-step income statement, a statement of retained earnings and a classified balance sheet
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