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I WOULD REALLY LOVE IT IF SOMEONE CAN ANSWER THIS QUESTION FOR ME.. THANK YOU Below is the trial balance of End Star Corporation on

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image text in transcribedI WOULD REALLY LOVE IT IF SOMEONE CAN ANSWER THIS QUESTION FOR ME.. THANK YOU

Below is the trial balance of End Star Corporation on December 31, 2018. The accounts are listed in alphabetical order and all accounts have normal balances Account Title: Accounts Payable Accounts Receivable Accum. Amort. - Copyright Accum, Amort, - Patent Accum. Depl. - Gold Mine Accum. Depr. - Bldngs Accum. Depr. Equip Adjustment to Market-AFS Sec (debit balance) 350 Administrative Expenses Allowance for Bad Debts APIC-Common APIC-Preferred APIC-Treasury Available for Sale Securities (short-term) Bonds Payable (15 year) Buildings Balance: Account Title: Held To Maturity Securities (10 year)5,600 Income Tax Expense Income Tax Payable Interest Expense Interest Payable Interest Receivable Interest Revenue Balance: 1,900 I ,570 254 3,000 2,200 5,320 2,200 75 3,600 27,600 445 2,800 16,000 an Long-Term Investment in Subsidiary Loss on Sale of AFS Sec Merchandise Inventory Mortgage Note Payable (30-year) Notes Receivable (short-term) Patent Preferred Stock Prepaid Insurance Rental Revenue Retained Earnings Salaries Payable Sales Sales Discounts Sales Returns & Allowances Selling Expenses Short-Term Notes Payable Stock Dividends Declared Subsidiary Investment Income Supplies SUTA Taxes Payable Treasury Stock Unealized Gain on Valuation of AFS Unearned Rental Revenue 950 4,000 4,400 16,500 12,000 5,980 2,400 8,000 1,200 250 18,290 as Cash Dividends Declared Common Stock Common Stock Dividend Distributable Copyright Cost of Goods Sold Discount on Bonds Payable Dividend Revenue Dividends Payable Equipment FICA Taxes Payable FIT Payable FUTA Taxes Payable Gain on Disposal of Plant Assets Gold Mine 44,200 740 1,880 6,670 22,869 7,400 2,120 1,750 350 5,500 REQUIRED: Prepare the financial statements for the vear for End Star Corporation--a multi-step income statement, a statement of retained earnings and a classified balance sheet. What is different for this project compared to Project #4? 1. New Accounts: Chapter 10: Bonds Payable is a long-term liability account Premium on Bonds Payable and Discount on Bonds Payable are an adjunct and contra account TO the Bonds Payable account Mortgages Payable is a long-term liability account Trading Securities and AFS Securities are current assets Adjustment to Market accounts are either an adjunct (debit balance) OR a contra (credit balance) to the Trading Securities or AFS Securities accounts Losses and Gains on Sales of investment assets are realized gains and losses on the income statement Unrealized Losses and Gains on investment assets are on the income statement if the investments are trading securities and are on the stockholders' equity section of the balance sheet if the investments are available for sale securities (as either a contra or adjunct account to the total of paid in capital and retained earnings) Held to Maturity Securities are long-term investments Investments in Subsidiary Company (under the equity method) are long-term investments Investment Income (our share of subsidiary net income under the equity method) is on the income statement Dividend Revenue is on the income statement Chapter 12 2. Classified Balance Sheet We will now have FOUR asset categories: current, plant, intangible, and long-term investments

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