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I need some assistance Design a balance sheet and income statement for Belmond, Inc, from the following: Inventory: $6,500 Common Stock: $48,000 Cash: $19,700 Operating
I need some assistance
Design a balance sheet and income statement for Belmond, Inc, from the following:
Inventory: $6,500
Common Stock: $48,000
Cash: $19,700
Operating Expenses: $1,350
Short-Term Notes Payable: $600
Interest Expense: $750
Depreciation Expense: $500
Net Sales: $13,500
Accounts Receivable: $9,600
Accounts Payable: $5,200
Long-Term Debt: $49,300
Cost of Goods Sold: $6,250
Buildings and Equipment: $121,999
Accumulated Depreciation: $34,000
Taxes: $2,440
General and Administrative Expense: $850
Retained Earnings: ?
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