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need it to be put into balance sheet, statement of equity, statement of income Appendix A (available in Excel) Sophia's Simple Soap Company Ltd. Comprehensive
need it to be put into balance sheet, statement of equity, statement of income
Appendix A (available in Excel) Sophia's Simple Soap Company Ltd. Comprehensive Balance Sheet Year Ended December 31, 2018 Assets Cash Accounts receivable Interest receivable Land Building (net of 90,000 depreciation) Equipment (net of 15,000 depreciation) Notes receivable Prepaid expenses Office supplies Inventories Total Assets (18,000) 132,000 15,000 800,000 910.000 150.000 7,000 10,000 3,300 138,000 2,147,300 Liabilities Accounts payable Deferred revenue Mortgage payable 8% Bonds payable, due 2021 Interest payable Wages payable 23,300 55,000 476,000 Note 1 600,000 Note 2 48,000 13,000 Equity Common shares, 25,000 Issued Opening retained earnings Sales revenue Cost of goods sold Selling expense Salaries & wages expense Depreciation expense Supplies expense Property tax expense Income tax expense General & administrative expense Closing retained earnings Total Liabilities & Equity 200,000 350,000 1,345,000 (375.000) (123,000) (250,000) (14,000) (13,000) (36,000) (22,000) (130,000) 732,000 2,147,300 Note 1: Principal payments of $24,000 are due on the mortgage each year. Note 2: Interest on the bonds is payable each January 1st. Note 3: No share transactions took place during the yearStep by Step Solution
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