Need help on this balance sheet. Can someone post the exact or similar balance sheet layout like image 3 with the correct missing numbers.
On November 30, 2019, Davis Company had the following account balances: Credit Debit $3,090 Cash 9,900 $100 Accounts Receivable Allowance for Doubtful Accounts Inventory Supplies 17,750 1,400 Land 9,000 42,000 4,200 10,700 20,000 42,400 Buildings and Equipment Accumulated Depreciation Accounts Payable Common Stock, no par (2,000 shares) Retained Earnings (1/1/2019) Dividends Sales Revenue Cost of Goods Sold Salaries Expense Advertising Expense Other Expenses 2,000 69,700 36,860 12,500 8,100 4,500 During the month of December, Davis entered into the following transactions: Date Dec. 4 7 14 18 20 Transaction Made cash sales of $3,000; the cost of the inventory sold was $1,800. Purchased $2,400 of inventory on credit. Collected $900 of accounts receivable. Sold land for $7,800; the land originally cost $5,000. Made credit sales of $4,000; the cost of the inventory sold was $2,400. Returned $360 of defective inventory to supplier for credit to the Davis Company's account. Purchased $1,250 of inventory for cash. Paid $1,100 of accounts payable. Purchased land at a cost of $6,000; made a $1,000 down payment and signed a 12%, 2-year note for the balance. 21 27 28 31 Required: 1. Prepare general journal entries to record the preceding transactions. 2. Post to general ledger T-accounts. 3. Prepare a year-end trial balance on a worksheet and complete the worksheet using the following information: a. accrued salaries at year-end total $1,200; b. for simplicity, the building and equipment are being depreciated using the straight-line method over an estimated life of 20 years with no residual value; C. supplies on hand at the end of the year total $630, d. bad debts expense for the year totals $830; e the income tax rate is 30%; income taxes are payable in the first quarter of 2020 4. Prepare the company's financial statements for 2019. 5. Prepare the 2019 (a) adjusting and (b) closing entries in the general journal. Balance Sheet December 31, 2019 1 Assets 2 Current assets: 3 Cash $11,440.00 4 Accounts receivable $13,000.00 5 Less: Allowance for doubtful accounts 6 Inventory 7 Supplies 12,070.00 16,840.00 630.00 B Total current assets $40,980.00 $10,000.00 $42,000.00 6,300.00 $45,700.00 $86,680.00 15 9 Property, plant, and equipment: 10 Land 11 Buildings and equipment 12 Less: Accumulated depreciation Total property, plant, and equipment 14 Total assets Liabilities 16 Current liabilities: 17 Accounts payable 11 Salaries payable 19 Income taxes payable 20 Total current liabilities 21 Long-term liabilities: 22 Notes payable 23 Total liabilities 24 Shareholders' Equity 25 Contributed capital: $11,640.00 1,200.00 2,532.00 $15,372.00 5,000.00 $20,372.00 26 Common stock $20,000.00 46,308.00 27 Retained earnings 28 Total shareholders' equity 66,508.00 29 Total liabilities and shareholders' equity $86,680.00
