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Please read the instructions and complete so I can compare my work. thank you ACCT 551 Project - Financial Statements Due January 25, 2021 Total
Please read the instructions and complete so I can compare my work.
thank you
ACCT 551 Project - Financial Statements Due January 25, 2021 Total Points Available - 50 Green and Silver Company Trial Balance For the Year Ended December 31, 2020 $ Cash Accounts Receivable Prepaid Insurance Land Equipment Accumulated Depreciation - Equipment Building Accumulated Depreciation - Building Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Deferred Revenue Long Term Debt Common Stock Additional Paid in Capital Retained Earnings Dividends Sales Cost of Sales Selling Expenses Salaries and Wages Expense Depreciation Expense Insurance Expense Utilities Expense Interest Expense 12/31/2020 Debits Credits 3,300 $ 1,200 760 9,000 15,000 1,350 40,000 2,000 5,000 570 450 50 800 32,000 1,400 12,600 4,530 600 32,000 10,350 1,850 4,200 3,000 1,800 1,490 200 92,750 $ 92,750 $ Instructions: Using the trial balance, prepare an income statement and retained earnings statement for the year ended December 31, 2020 and a balance sheet as of December 31, 2020 in good form. Include a separate column on each financial statement that provides the common size financial statements. See examples provided in Module 2 of the textbook on pages 2-4, 2-7,2-14, 2-20, and 2-40. Be sure to include subtotals like current assets, current liabilities, and gross profit. Submit your work as an attachment. Due January 25, 2021 at 11:59 PM. Total of 50 possible pointsStep by Step Solution
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