P5-2, how can I get the number 1063897 in the retained earnings formula?
PROBLEMS P8-1 Loaj (Preparation of a Classified Balance Sheet, Periodic Inventory) Presented below is a ist of accounts in betical order Accounts Receivable Accumulated Depeeciation-Buildings Accumulated Other Comprehensive Income Advances to Emmployees Advertising Expense Allowance for Doubtful Accounts Bond Sinkiing Fund Bonds Payable Land foe Fubure Plant Site Loss from Flood Noncentrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred Stock Payroll Taves Payable Pension Liability Petty Cash Preferred Stock Premium on Bonds Payable Prepaid Rert Purchase Returns and Allowances Purchases Retained Eamings Salaries and Wages Expense (sales) Salaries and Wages Payable Sales Discounts Sales Revenue Treasury Stock (at cost) Unearned Subscriptions Revenue Cash (in bank) Cash fon hand Cash Surrender Value of Life Insurance Coenmission Expense Common Stock Debt Investments (trading) Dividends Payable Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Instructions Prepare a clsified balance sheet in good form. (No monetary amounts are to be shown.) Pa-3 Loo ExcEL (Balr M the current year, 2017. Goodwill Payroll taxes payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) $ 125,000 77 591 300,000 15,000 360,000 480,000 445,700 265,000 90,000 Accumalated depreciation-equipment 292.000 39,800 45,000 Rent payable (short-term) Income taves payable Rent payable (long-term) Common stock, 51 par value Preferred stock, $10 par value Peepaid expenses Equipment Debt investments (trading) Accumulated depreciation-buildings Buildings 480,000 200,000 150,000 7,920 1470,000 121,000 270,200 1,640,000 Retained earnings Income taxes receivable Notes payable (long-term) 97630 1,600,000 Instructions Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock a of equity investments (trading)are the same. P5-3 (Lo3) (Balance Sheet Adjustment unless stated otherwise. Cost and fair value and Preparation) The adjusted trial balance of Eastwood Company and other related information for the year 2017 are presented as follows