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I need help with the excel template I have attached the template and the information and instructions. E 4-17 Page 208 Instructions: 1. Prepare the
I need help with the excel template I have attached the template and the information and instructions.
E 4-17 Page 208 Instructions: 1. Prepare the income statement as of August 31. 2. Prepare the retained earnings statement as of August 31. 3. Prepare the classified balance sheet as of August 31. **I have filled in some random spots for you. Note: Enter into the YELLOW cells only! Worth: 50 points *Be sure to answer the question below each statement as they make up 50% of your grade. Points Earned: Step 1 Step 2 AMIT COMPANY INCOME STATEMENT FOR THE YEAR ENDED AUGUST 31, 2012 Revenues: Service Revenue SPRING 2014 $ 34,600 Total Revenues Step 3 AMIT COMPANY RETAINED EARNINGS STATEMENT FOR THE YEAR ENDED AUGUST 31, 2012 $ Current Assets: Cash Retained Earnings, 9/1/2011 Add: Net Income $ 10,900 34,600 Less: Dividends Retained Earnings, 8/31/2012 Expenses: 0 HINT: Total = $16,800 Depreciation Expense AMIT COMPANY BALANCE SHEET FOR THE YEAR ENDED AUGUST 31, 2012 Total Current Assets Less: Accum. Depreciation-Equipment 4,800 Total Assets Current Liabilities 1,200 Total Expenses 6,100Step by Step Solution
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