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Part 2: NOTE: This is a DIFFERENT COMPANY. Using the trial balance below, complete the Multi-Step Income Statement and prepare the Statement of Retained Earnings
Part 2: NOTE: This is a DIFFERENT COMPANY. Using the trial balance below, complete the Multi-Step Income Statement and prepare the Statement of Retained Earnings and Cassified Balance Sheet on the pages which follow. To get full credit you must include all critical subtotals. Part 2: Insert Second Trial Balance HERE. I Oscar Company Adjusted Trial Balance December 31, 2017 PUJIT 12.000 22200 CREDIT TACOU RECEIVable Allowance for Doubdul Accounts Short term Note Recevable Interest Receivable Supplies 500 12500 100 2,000 Prepaid Expenses Equipment Accumulated Depreciation Copyrights ACCOUnts Payable Interest Payable Long term Note Payable 2011 35,000 2,000 63001 Paldin Capital Excess of Par-CS Thetained Earnings (112) Sales keturns & Allowances Sales Discounts TOSTOGOOCS08 111 Amortization Expense Wages perse LEDELEEEEEEEEE Multi Step Income Statement For the year ended December 31, 2017 (Be sure to include all the necessary headings, totals and subtotals as outlined in Chapter 5. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Income Statement, use the right column for subtotals and totals.) Statement of Retained Earnings For the year ended December 31, 2017 Classified Balance Sheet December 31, 2017 (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2. You may not nee to use all of the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.)
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