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Insert image of your assigned Adjusted Trial Balance HERE: Kaleidoscope Company, Inc. December 31, 2017 Adjusted Trial balance Cash Debit Credit Accounts Receivable 45,000 Allowance

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Insert image of your assigned Adjusted Trial Balance HERE: Kaleidoscope Company, Inc. December 31, 2017 Adjusted Trial balance Cash Debit Credit Accounts Receivable 45,000 Allowance for Doubtful Accounts 44,900 2,000 Short Term Note Receivable 80,000 Interest Receivable 13,500 Supplies 60,000 Prepaid Insurance 48,200 Inventory 23,000 Vehicle 16,000 Equipment 41,000 Accumulated Depreciation 18,000 Accounts Payable 20,000 Unearned Revenue 18,000 Wages Payable 7,000 Long-Term Notes Payable 65,000 Common Stock 132,000 Retained Eamings (1/1/2017) 15,000 Dividends 2,000 Sales 557,000 Sales Returns & Allowances 7,600 Sales Discounts 3,000 Cost of Goods Sold 51,000 Delivery Expense 2,000 Depreciation Expense 15,400 Bad Debt Expense 2,000 Rent Expense 85,000 Insurance Expense 40,000 Wages Expense 195,000 Supplies Expense 12,300 Interest Revenue 2,400 Loss on Disposal 7,000 Interest Expense 6,500 Income Tax Expense 36,000 Total 836,400 836,400 za: Prepare a Multi-step Income Statement sure to include all the necessary headings, totals and subtotals as outlined in napter 5. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Income Statement, use the right column for subtotals and totals.) Kaleidoscope Company Inc. Income Statement Year Ended Dec. 31, 2017 Sates Less: Cost of goods sold Gross profit Operating expenses part 2b: Prepare a Statement of Retained Earnings. Kaleidoscope Company, Inc. Statement of Retained Earnings Year Ended Dec. 31, 2017 IG: Prepare a classified Balance Sheet (Be sure to include all the necessary subtotals Locals as outlined in Chapter 2. You may not need to use all of the lines provided. Note: The o columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.) Kaleidoscope company, Inc. Balance Sheet As of Dec. 31, 2017

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