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Prepare in Good Form the Balance Sheet and Income Statement from the Trial Balance below. The forms MUST be Linked to the Trial Balance Trial
Prepare in Good Form the Balance Sheet and Income Statement from the Trial Balance below. The forms MUST be Linked to the Trial Balance Trial Balance Dr Cr Cash Accounts Receivable 125,000 250,000 300,000 150,000 75,000 35,000 Inventory Fixed Assets Prepaid Insurance Notes Receivavle Accounts Payable Notes Payable Allowance for Doubtful Accounts Accumulated Depreciation Corporate Stock Retained earnings Sales Cost of Goods Sold Sales Returns Sales Commisions Sales Expenses Payroll 80,000 75,000 10,000 35,000 90,000 725,000 1,100,000 650,000 50,000 35,000 110,000 335,000 2,115,000 2,115,000
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