Question
Need help thanks again! Homemade Hams, Inc. Adjusted Trial Balance December 31, 2016 (Amounts in thousands) Account Debit Credit Cash $3,900 Accounts receivable 1,400 Inventories
Need help thanks again!
Homemade Hams, Inc.
Adjusted Trial Balance
December 31, 2016
(Amounts in thousands)
Account
Debit
Credit
Cash
$3,900
Accounts receivable
1,400
Inventories
2,300
Prepaid expenses
1,900
Property, plant, and equipment
16,900
Accumulated depreciation-property, plant, and equipment
$2,800
Other assets
9,600
Accounts payable
7,600
Income tax payable
500
Other liabilities
2,600
Common stock
14,500
Retained earnings (beginning, December 31, 2015)
5,900
Dividends
1,600
Sales revenue
42,000
Cost of goods sold
25,500
Selling, administrative, and general expenses
10,300
Income tax expense
2,500
Total
$75,900
$75,900
Statement of Retained Earnings Year Ended December 31, 2016 Thousands Retained earnings, December 31, 2015 Add: Net income Subtotal Less: Dividends Retained earnings, December 31, 2016Step by Step Solution
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