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Lady Bug Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Account Debit Credit Retained Earnings, Beginning Balance $3,800,000 Accumulated Other Comprehensive Income,
Lady Bug Products, Inc. | ||
---|---|---|
Trial Balance (Partial) | ||
For the Year Ended December 31 | ||
Account | Debit | Credit |
Retained Earnings, Beginning Balance | $3,800,000 | |
Accumulated Other Comprehensive Income, Beginning Balance | 101,000 | |
Dividends | $84,000 | |
Sales | 3,400,000 | |
Interest Income | 46,000 | |
Dividend Income | 20,000 | |
Gain on Disposal of Plant Assets | 106,000 | |
Unrealized Gain on Trading Investments | 94,000 | |
Unrealized Gain on Available-for-Sale Bonds before Tax | 63,000 | |
Gain due to Flood Damage before Tax | 127,000 | |
Cost of Goods Sold | 775,000 | |
Selling Expenses | 22,000 | |
Office Supplies Expense | 127,000 | |
Amortization Expense | 38,000 | |
Sales Salaries Expense | 69,000 | |
Advertising Expense | 78,000 | |
Office Salaries Expense | 96,000 | |
Depreciation Expense | 76,000 | |
Accounting and Legal Fees | 10,500 | |
Systems Consulting Fees | 56,000 | |
Interest Expense | 35,000 | |
Loss on Asset Impairment | 22,000 | |
Loss on Sale of Discontinued Operations before Tax | 108,000 |
correct the white boxes. do not gpt
Lady Bug Products, Inc. Statement of Stockholders' Equity For the Year Ended December 31 \begin{tabular}{|c|c|c|c|c|} \hline & CommonStock & RetainedEarnings & AccumulatedOtherComprehensiveIncome(Loss) & TotalStockholdersEquity \\ \hline Balance, January 1 & 16250000 & 380000 & 101,000 & 5,526,000 \\ \hline Net Income & \multirow{4}{*}{370,000} & 3551500 & & 370000 \\ \hline Issuance of Common Stock & & & & 370000 \\ \hline Gain on Sale of Property & & & & \\ \hline Dividends Declared & & & & \\ \hline Balance, December 31 & & & & \\ \hline \end{tabular}Step by Step Solution
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