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Please i need professor to solve this. Please answer in table form only, just like the question. Thanks. Below information pertains to Eller Equipment Company
Please i need professor to solve this. Please answer in table form only, just like the question. Thanks.
Below information pertains to Eller Equipment Company for the year 2018. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long term) Salvage value of building Interest payable (short term) Uncollectible accounts expen Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short term) 47,100 5,100 12,000 51,000 102,000 24,000 81,000 33,400 132,000 41,000 22,000 54,000 33,000 581,000 94,000 1,600 $108,000 96,000 18,500 20,000 52,000 88,800 16,000 Beginning retained earnings Warranties payable (short term) Gain on sale of equipment Operating expenses Cash flow from investing activities Prepaid rent Land 7,000 Cash 31,000 Inventory 5,100 Accounts payable 159,200 Interest Expense 4,800 Salaries payable 912,000 Unearned revenue 21,000 Cost of goods sold 7,800 Accounts receivable 2,200 Depreciation expense Required Prepare a multistep income statement for Eller Equipment Company for 2018 Prepare a classified balance sheet for Eller Equipment Company for 2018 Complete this question by entering your answers in the tabs below
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