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Pls help. 1. EDEN CAR WASH HAD THE FOLLOWING END-OF-YEAR FINANCIAL DATA ITEMS. PREPARE A BALANCE SHEET AND INCOME STATEMENT (including EPS) IN GOOD ACCOUNTING
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1. EDEN CAR WASH HAD THE FOLLOWING END-OF-YEAR FINANCIAL DATA ITEMS. PREPARE A BALANCE SHEET AND INCOME STATEMENT (including EPS) IN GOOD ACCOUNTING ORDER (MAKE SURE TO LABEL EVERY ITEM) Operating Expenses $4,000 Taxes paid $900 Bonds $32,600 Fixed assets $55,000 Notes payable $6,000 Accts. Receivable $21,000 Retained earnings $6,000 Preferred Stock $50,000 Interest paid $3,000 Sales $45,000 # Shares of common stock Common stock Marketable Sec. Accrued taxes Preferred Stock dividends Inventory Capital paid-in excess of par Accts. Payable Cost of Goods Sold Cash 850 $11,900 $8,000 $4,500 $1,200 $40,000 $15,000 $13,000 $32,000 $15,000Step by Step Solution
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