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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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