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Please Using the trial balance to prepare an Income Statement and Balance Sheet through excel Trial Balance 12/31/2014 Balance Account Name Db Cr Accounts Payable

Please Using the trial balance to prepare an Income Statement and Balance Sheet through excel

Trial Balance
12/31/2014
Balance
Account Name Db Cr
Accounts Payable 3,000
Accounts Receivable 5,000
Accrued Expenses 15,000
Accumulated Depr. Equipment 5,000
Building 100,000
Capital Stock 250,000
Cash 50,000
Cost of Goods Sold 10,000
Equipment 50,000
Income Tax Payable 1,000
Land 50,000
Long Term Debt 75,000
Long Term Investments 100,000
Marketing Expenses 8,000
Merchandise Inventory 2,500
PrePaid Expenses 3,000
Rent Expenses 1,500
Research & Development Expense 2,000
Retained Earnings 18,500
Salary Expenses 5,000
Sales 25,000
Sales Expenses 5,000
Travel Expenses 500
$ 392,500 $ 392,500

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