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McIntosh Inc. has a 12/31 fiscal year end. Provided below is the adjust Trial Balance for this company 12/31/21. Create the following required fiscal year
McIntosh Inc. has a 12/31 fiscal year end. Provided below is the adjust Trial Balance for this company 12/31/21. Create the following required fiscal year end financial statements: multiple-step income statement; retained earnings statement; classified balance sheet.REMINDER: In the stockholders equity section of the balance sheet, the par value per share and number of stock shares authorized, issued, and outstanding should be reported.
84,000 500 207,375 1,500 40,000 570,000 50,200 4,000 4,800 100,500 469,000 Adjusted Trial Balance 31-Dec-21 Cash Petty Cash Accounts Receivable Allowance for doubtful accounts Notes receivable (due 10/31/22) Inventory Estimated Returns Inventory Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Salaries payable Customers refunds payable Income taxes payable Bonds payable, due 12/31/2030 Discount on bonds payable Common Stock, $2 par, 100,000 shares authorized Paid in capital in excess of par--Common Stock Treasury Stock--Common, 550 shares at cost Retained Earnings, 1/1/2021 Cash dividends Sales Cost of goods sold Selling expenses Administrative expenses Interest revenue Interest expense Income taxes expense 70,700 63,150 13,600 60,200 21,070 300,000 7,800 88,000 12,000 55,000 393,300 45,000 5,310,205 2,978,950 1,056,200 526,200 6,000 13,000 127,200 6.339.725 6.339.725
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