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Please prepare the income statement, retained earnings statement, and balance sheet. Thank you so much. Wonderama Playgrounds, Inc. Trial Balance January 31, 2020 Account Name

Please prepare the income statement, retained earnings statement, and balance sheet. Thank you so much.

Wonderama Playgrounds, Inc.
Trial Balance
January 31, 2020
Account Name Debit Credit
Cash 234,403.56
Accounts Receivable 188,122.95
Allowance for Doubtful Accounts 3,318.00
Prepaid Insurance 8,460.00
Office Supplies 1,670.00
Inventory: Raw Materials 45,855.41
Inventory: Work in Process 39,104.25
Inventory: Finished Goods 36,230.72
Inventory: Factory Overhead
Office Equipment 63,259.00
Accumulated Depreciation-Office Equip 21,017.19
Factory Equipment 250,822.00
Accumulated Depreciation-Factory Equip 101,936.56
Patents 12,733.76
Accounts Payable 32,426.77
Income Tax Payable 37,512.96
Salaries Payable 38,633.00
Common Stock 275,000.00
PIC in Excess of Par - Common Stock 55,000.00
Retained Earnings 239,896.11
Sales 301,646.62
Sales Discounts 2,795.25
Cost of Goods Sold 213,370.31
Advertising Expense 1,363.00
Depreciation Expense-Office Equip 380.00
Utility Expense 790.00
Insurance Expense 235.00
Office Supplies Expense 2,542.00
Rent Expense 4,250.00
1,106,387.21 1,106,387.21

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