Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need this in 20 minutes will leave an upvote plz The following are the accounts comprising the Balance Sheet and Income Statement of Cia. Mella,
Need this in 20 minutes will leave an upvote plz
The following are the accounts comprising the Balance Sheet and Income Statement of Cia. Mella, S. L. R. as of December 31, 2012 and 2011. Balance Sheet Accounts Paid-in capital Customer accounts receivable Accounts payable suppliers Buildings -depreciation net-. Cash and cash equivalents Bonds for contracted services Prepaid expenses Inventories Long-term investments (Bonds) Machinery and equipment -net of depreciation- Office furniture -net of depreciation-. Other current accounts payable Other current assets Long-term loan Capital reserves Retained earnings Income Statement Accounts Cost of sales Sales discounts and returns Interest expense on loans General and administrative expenses: Income tax Revenues from sale of bonds Gross sales Marketing and sales expenses: Required (20 pts.): 2012 2011 37,413,255 33,546,260 20,518,575 19,850,050 16,750,000 18,325,000 8,075,000 2,125,000 1,000,000 875,000 30,937,500 5,000,000 17,655,000 2,925,000 2012 126,360,180 -9,213,760 1,525,000 28,431,045 8,500,000 3,250,000 1,000,000 1,150,000 3,250,000 6,250,000 4,125,000 3,500,000 3,125,000 6,675,000 2,150,000 1,850,000 1,650,000 22,097,820 35,828,990 -619,045 1,975,000 28,125,000 10,000,000 15,800,200 2011 105,300,150 -8,775,015 1,500,000 26,325,040 -4,333,505 184,275,265 175,500,250 18,427,525 17,550,025 Prepare comparative financial statements (Balance Sheet and Income Statement (5 pts.) as of December 31, 2012 and 2011. Prepare comparative pie charts for assets, liabilities and equity items. Also, for the Income Statement line items (5 pts.) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started