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Please help answering questions 4 to 9. You are the accountant at CPA, LLP. Your client, Coastal Corp, is a retailer of watei sports equipment.
Please help answering questions 4 to 9.
You are the accountant at CPA, LLP. Your client, Coastal Corp, is a retailer of watei sports equipment. They have provided their financial data and you are responsible f creating their 2018 fiscal year financial statements. Below is their end of year data, i millions, alphabetized Account Accounts pavable Accounts receivable Accumulated depreciation: office equipment Additional paid-in capital (common stock) Bonds payable (due November 30, 2021 Cash Common stock (1,800 shares, $10 par value Cost of goods sold Deferred income taxes Depreciation expense: office equipment Insurance expense Land Merchandise inventor Notes payable (due September 30, 2018 Office equipment Office supplies Office supplies expense Preferred stock (250 shares, $20 par value) Premium on bonds payable Prepaid rent Rent expense Retained earnings (January 1,2018 Salaries expense Sales Sales returns and allowances Sales taxes pavable Treasury stock (100 common shares Utilities expense Income Tax Expense Balance $12,750 2,600 12,000 13,000 22,500 19,200 18,000 100,575 5,750 2,750 520 39,500 17,500 2,500 41,000 900 900 5,000 1,750 1,800 4,520 21,050 88,095 226,000 2,500 3,200 2,250 5,700 8,190Step by Step Solution
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