Question
Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [The following information applies to the questions displayed below.]
Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [The following information applies to the questions displayed below.] Body Fitness, Inc. reported the following information for the nine-month period ended September 30, 2013. Items are listed alphabetically and are in thousands of dollars. Accounts Payable $ 148,100 Accounts Receivable 51,100 Advertising Expense 90,100 Cash (January 1, 2013) 17,400 Cash (September 30, 2013) 20,600 Common Stock 420,900 Office Expenses 123,400 Income Tax Expense 63,300 Interest Expense 79,700 Notes Payable 966,500 Operating Expenses 528,100 Equipment 2,154,100 Retained Earnings (January 1, 2013) 690,700 Service Revenue 915,800 Supplies 31,600 Other cash flow information: Cash received from issuing common stock $ 100 Cash paid to purchase equipment 238,000 Cash paid to suppliers and employees 732,970 Repayments of borrowings 76,430 Cash received from customers 919,000 Cash received from borrowings 129,500 Cash received from sale of long-term assets 2,000 Dividends paid to stockholders 0
1. Prepare an income statement for the nine months ended September 30, 2013.
2. Prepare a statement of retained earnings for the nine months ended September 30, 2013.
3. | Prepare a balance sheet for the nine months ended September 30, 2013. 4.
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