Complete the attached worksheet for 2011 for Green Company, given the following information, then prepare an income statement, statement of owners equity, and balance sheet:

Physical count of inventory on hand on December 31		$189,000
Insurance expired during the accounting period		5,000
Count of supplies on hand on December 31:
Store supplies		1,300
Office supplies		750
Depreciation for the accounting period:
Store equipment		4,500
Office equipment		2,800
Salaries earned, but not paid as of December 31:
Sales salaries	$3,850
Office salaries	1,150	5.000
Unearned rent on December 31		400

 

Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Store Supplies Office Supplies Store Equipment Accum. Depr. - Store Equipment Office Equipment Accum. Depr. - Office Equipment Accounts Payable Salaries Payable Uneamed Rent Note Payable S. Klaus, Capital S. Klaus, Drawing Sales Sales Returns and Allowances Sales Discounts Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depr. Expense - Store Equipment Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depr Expense - Office Equipment Office Supplies Expense Misc. Administrative Expense Rent Revenue Interest Expense Net Income Trial Balance dr 28,500 132,500 195,000 9,700 4,250 2,100 157,000 50,000 30,000 11,900 7,100 576,200 76,400 25,000 1,600 34,000 16,000 1,650 Cr 40,800 17,200 66,700 1,200 105,000 224,600 915,000 11,600 1,370,500 1,370,500 Adjustments dr CX Adj. Trial Balance dr CI Income Statement. dr SK Balance Sheet dr cr