plug infromation in income statement,balance sheet

Formatting Alignment Number Clipboard 1 * A Given Data P07-21A f 'Given Data P07-21A: EFGHIJK SHERMAN EQUIPMENT CO. $ Salaries Expense Common Stock Notes Receivable (short term) Allowance for Doubtful Accounts Uncollectible Accounts Expense Supplies Interest Revenue Sales Revenue Dividends Interest Receivable (short term) Beginning Retained Earnings 69,000 Operating Expenses 100.000 Cash Flow from Investing Activities 24.000 Prepaid Rent 7,800 Land 8,100 Cash 1.200 Inventory 5,400 Accounts Payable 320,000 Salaries Payable 3.500 Cost of Goods Sold 1,500 Accounts Receivable 81,000 62,000 78.400 12,500 40,000 48.100 98,300 46,000 12,000 148,000 56,000 - 13 14 15 16 Given P07-24 P07-24A P07-21A Given P07-21A Arial 10 Paste LE AA= = A - Ees 25 Wrap Tot Currency + Clipboard B 1 0 - 2 Font - X $ - % 9 648 Alignment Number B48 f Operating Expenses Student Name: jada greer Class: acc 201 Problem 07-21A NOWN SHERMAN EQUIPMENT CO. Income Statement For the Year Ending December 31, Year 2 $ 320,000 Sales Revenue Cost of Goods Sold Gross Margin Operating Expenses Land Uncollectible Accounts Expense Supplies Total Operating Expenses Operating Income Non-Operating Items 15 16 Net Income SHERMAN EQUIPMENT CO. Balance Sheet As of December 31, Year 2 P07-21A Given P07-21AP07-24A Given P07-24 B48 X 4A B C F G fox Operating Expenses D E SHERMAN EQUIPMENT CO. Balance Sheet As of December 31, Year 2 H Assets Assets Cash Accounts Receivable Allowance for Doubtful Accounts Total Assets A Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries Payable Total Liabilities 44 45 46 48 49 50 Stockholders' Equity Common Stock Operating Expenses Total Stockholders' Equity Total Liabilities and Stockholders' Equity P07-21A Given P07-21AP 07-24A Given P07-24A + O Type here to search