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prepare income statement, statement of retained earning and balance sheet. Page 2 Exhibit 1 ACCOUNT NAMES AND BALANCES AT MARCH 31, 2014 60,000 ? 174.000
prepare income statement, statement of retained earning and balance sheet.
Page 2 Exhibit 1 ACCOUNT NAMES AND BALANCES AT MARCH 31, 2014 60,000 ? 174.000 68,500 Depreciation expense - warehouse and equipment Cash Retained Earnings April 1, 2013 Inventory, March 31, 2014 Selling Expenses Inventory, April 1, 2013 Income tax expense (estimate) Mortgage Loan - 6% (due 2020) Sales Land Other Expenses Common stock Prepaid expenses Loans - Equipment (due 2021) Dividends Accounts receivable Interest expense Warehouse and equipment at cost Accumulated depreciation - warehouse and equipment, April 1, 2013 Bank loan-demand note Taxes payable Accounts payable Other current liabilities Goodwill Administrative expenses Purchases Trading Investments (short-term) 161.000 87,000 38,000 400.000 1.193,500 565,000 39,600 250,000 16,800 550.000 170,000 92,600 79,500 1.200.000 180,000 375,000 12.000 67,200 43,600 12,000 87,200 595,000 50,000Step by Step Solution
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