I need help in filling out the income statement sheet and balance sheet using my trial balance sheet. Not entirely sure if I'm doing this right. Thank you in advance!
ening Balance Sheet Debit Credit Adjusted Trial Balance Cash Accounts Receivable Allowance for Doubtful Accounts Inventor Supplies Pre-Paid Expense Pro Accumulated Depreciation Patent Accounts Pavable Unearned Revenue Salaries and Wages Pavable FICA Withholding Payable Federal Income Tax Payable State Income Tax Pavable Pavable Bond Payable Premium/Discount Common Stock Additional Paid In Capital Tr Retained Earnings Revenue Cost of Goods Sold nsurance Expense 6,8o0,ooo 556,800,ooo 95,000,000 (2,850,ooo) 80.o0o,000 6.000,00O 14.391,66 2,850,oOO 80.0oo.oOO 6,00o,ood Plant and Equipment 666,66 (666,667) 16,66 19,916,66 (156,00o,ooo) (40,00o,o0o) (5,070,0oo) (455,00o) (650,00o) 25,000) (500,0oo,ooo) 156.0oo.oOO o.ooo.ood o7o.ooo ooO 650,00o 25.0OO oo,ooo,o0OO 16,66 9,916.66 (50,o00,ooo) (100,00o,ooo) o,ooo.ood 100.0oo.oOO oo,oOO 17,500,00o (125,o0o,ooo) 125.0oo.oOO o.ooo.ood 70.000.0OO 308,333 100o.ooO 6,500,000 1.0OO,0OO Salaries and Wages Expense Pavroll Tax Expense Depreciation Expense Amortization Expense (Patent) Bad Debt Expense Supplies Expense Interest Expense Totals 6.50o,ooo 666,66 2,850,0oo 3,416,666 666,66 83,333 2,85o,ooo 3,416,666 884.350,000 981,016,66 (96,666,667) Mason Automatiorn Multiple Step Income Statement-Fiscal Month End 1/31/2018 Enter Account Description nter Account Description Total Revenue Enter Account Description (Enter Account Description) Gross Profit Operating Expenses (Selling and Administrative) Enter Account Description Enter Account Description nter Account Description nter Account Description Enter Account Description Enter Account Description nter Account Description nter Account Description nter Account Description Enter Account Description (Enter Account Description) 308 1.000,000 6,500,o0o 666,66 2,850,0oo 416,666 Total Operating Expensess 14,824,999 (14.824.999) Fill this numberin Net Income Mason Automation Balance Sheet-Month End 1/31/2018 Liabilities and Stockholders Equi Assets Current Assets Current Liabilities Enter Account Descri (Enter Account Descri (Enter Account Description) Enter Account Description (Enter Account Description) (Enter Account Description) Enter Account Description Net (Accounts Receivable) ter Account Description ter Account Description (Enter Account Description) ter Account Des ter Account Desci Enter Account Descri Total Current Assets Total (Enter Balance Sheet Classification) Long Term Liabilities Plant and Equipment Pro (Enter Account (Enter Account Enter Account Description Enter Account Description (Enter Account Description) Total Property Plant and Equipment Total Long Term Liabilities Total Liabilities Enter Balance Sheet Classification Intangible Assets Enter Account Description) Total Intangible Assets Enter Account Description) Enter Account Description) ter Account Description Enter Account Description) Total Assets Total (Enter Balance Sheet C tion) Check Figure Total Liabilities and Stockholders Equity
