Income Statement (Merchandiser), ( Service Provider) and Balance Sheet are required for the first three years on an annual basis.

It is required for Feasibility study.

Paddle Boards Inc. Adjusted Trial Balance December 31, 2017 $ 19,300 50.000 1,000 44,600 $ 16,500 8,000 1.000 69,000 8,000 300 325,000 Cash Merchandise inventory Store supplies Equipment... Accumulated depreciation. equipment Accounts payable Salaries payable.. Dee Rizzo, capital Dee Rizzo, withdrawals.. Interest income Sales.. Sales discounts.... Sales returns and allowances Cost of goods sold.. Depreciation expense, store equipment. Depreciation expense, office equipment. Sales salaries expense Office salaries expense Insurance expense... Rent expense (70% is store, 30% is office). Store supplies expense Advertising expense. Totals... 6.000 5.000 148,000 4.000 1,500 28.000 32.000 12,000 24,000 6.000 30,400 $419.800 $419,800