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Please make it organized :) Please! Thank you! Thumbs up ahead! MONTGOMERY INC. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Cash
Please make it organized :) Please! Thank you! Thumbs up ahead!
MONTGOMERY INC. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Cash Accounts receivable, net Inventory Total current assets Equipment Accum. depreciation-Equipment Total assets $ 30,300 30,800 10,900 63,000 104,700 37,300 8,900 79,800 119,000 44,200 (20,000) (13,800) $143,200 $128,200 Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity $ 21,300 400 21,700 22,900 500 23,400 93,900 10,900 $143,200 $128,200 101,800 19,700 MONTGOMERY INC Income Statement For Year Ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses $ 38,500 (16,000) 22,500 $ 6,200 4,700 Depreciation expense Other expenses Total operating expense Income before taxes Income tax expense Net income 10,900 11,600 2,800 $ 8,800 Additional Information a. No dividends are declared or paid in 2018 b. Issued additional stock for $7,900 cash in 2018. c. Purchased equipment for cash in 2018; no equipment was sold in 2018Step by Step Solution
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