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Please fill out the sheets. Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2011. Prepare the
Please fill out the sheets.
Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income statement and the balance sheet as of December 31, 2011. Inventory $72,000 Accounts payable 32,000 Accounts receivable Land 160,000 60,000 Bonds payable, long-term 400,000 Goodwill 16000 302,000 Retained earnings 20.000 Buildings 96,000 Sales revenue 800,000 common stock 300,000 Supplies inventory 6,000 Cost of goods sold 360.000 Supplies expense 12,000 40,000 Wages expense 80.000 Equipment Barth Company Income Statement Expenses Total expenses Net incomeStep by Step Solution
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