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NEED I/S B/S both thanks The ledger of Corcord PropertiesLimited contained the following account balances at December 31,2021 , the end of company's fiscal year.
NEED I/S B/S both thanks
The ledger of Corcord PropertiesLimited contained the following account balances at December 31,2021 , the end of company's fiscal year. Additional Data: 1. Store Equipment is being depreciated @20\% under straight line method, Office Equipment is being depreciated @30\% under reducing balance method. 2. Supplies actually on hand is $800. 3. Physical check on December 31,2018 reveals that inventory actually on hand is $109,500. 4. The accountant has forgot to record the issue of 1,000 common share @ \$6 each on December 21, 2021. 5. 20% cash Dividend has been declared on the common stock. 6. The company is under 35% tax bracket. The ledger of Corcord PropertiesLimited contained the following account balances at December 31,2021 , the end of company's fiscal year. Additional Data: 1. Store Equipment is being depreciated @20\% under straight line method, Office Equipment is being depreciated @30\% under reducing balance method. 2. Supplies actually on hand is $800. 3. Physical check on December 31,2018 reveals that inventory actually on hand is $109,500. 4. The accountant has forgot to record the issue of 1,000 common share @ \$6 each on December 21, 2021. 5. 20% cash Dividend has been declared on the common stock. 6. The company is under 35% tax bracketStep by Step Solution
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