Required 1. Prepare a classified inco e statement for the year ended December 31, 2019. The company does not classity its operating expenses as selling expe nses and general and administrative expenses 2 Prepare a statemen af wers eguity torthe year ende ecmbe 31,2019 No adotionlvetments were made curing the year 3. Prepare a classified baiance sheet as of December 31, 2019. ok Analyze: What is the inventory tu over for Artisan Wines? Artisan Nines Worksheet Year Ended Decerber 31, 2919 Trial Balance Debit Adiusted Trial BalanceIncore Statenent Balance Sheet Debit 28, 386.ee Accounts Receivable Prepaid Advertising 148.80 Nerchandise Inventory Store Equipnent 160.ee 13,800.0e 25,809.0e 13,800.00 15,009.90 13,0ee.e9 25,e9e.8 25,000.ee Accurulated Depreciation-Store Equipnent Office Equipment Accurulated Depreciation-Office Equipnent Nates Payable, due 2828 3,800.e 3,099.00 6,990.09 6,009.8 5,eee.80 s,000.ee s, e0e.e0 1, 509.0 1,12s.80 2,625.e9 2,625.88 20,000.e8 2,785.e 20,009.ee 2,785.00 500.00 20,000.00 2, 705.00 Mages Payable Social Security Tax 1.00 31.09 Unearned Sendnar Fees 6,880.99 4,8e9.e0 2,808.e0 100.00 2, 709.ee st Payable 2,000.00 109.00 ncent Arrayo, Capital Vincent Arroyo, Draing Incone Surnary Sales Sales Discounts Seninar Fea Incone Purchases Purchases Returns and 2,780.80 32, 78e. e0 14,118.00 14,110.00 14,11e.ee 15,869.00 13,0.e0 15,0.ee 13,e0a.00 1s, eee.8e 13,000.80 153,970.ee 153,97e.e8 153,97.00 200.8e 200.00 4,009.8e 4,808.8e 91,eee.ea 91,e0e.0e 91,009.08 1,080.e 1,000.00 Freig 225.00 13,2 ,00 24,eve.00 , 324.0 13,200.ee 24, 50e.ee 3,362.25 13, 288.88 3,362.2S a,eee.ea 1,125.0e 24, Se.8 Payroll Taxes Expense Deprectation Expense-Store Equipnent Depreciation Expense-Office Equipnent ,000.ee ,900.ee 1, 125.00 1,125.00 L6e.ae 40.0 Supplies Expense Interest Exponse Totals Net 220, 875.02 $229,875.00 337,863.25 $37,063.25 5238,638.25 $238,638.2s SS2, 162.21,970.00 $86,476.00 $66.668.25 19, 7,75 $171,970,00 3171,970.80 586,476,00 586 476.80 s cis sures income sostemt-forth, rea, ended December 3t 20s. The sameny does not esaty na eeereeg 2. Prepere s aement of owner's equy for the yeer ended Decemb 3t. 2019 No sdesona nvestmets wiere made during the 3. Prie Required 1. Prepare a classified inco e statement for the year ended December 31, 2019. The company does not classity its operating expenses as selling expe nses and general and administrative expenses 2 Prepare a statemen af wers eguity torthe year ende ecmbe 31,2019 No adotionlvetments were made curing the year 3. Prepare a classified baiance sheet as of December 31, 2019. ok Analyze: What is the inventory tu over for Artisan Wines? Artisan Nines Worksheet Year Ended Decerber 31, 2919 Trial Balance Debit Adiusted Trial BalanceIncore Statenent Balance Sheet Debit 28, 386.ee Accounts Receivable Prepaid Advertising 148.80 Nerchandise Inventory Store Equipnent 160.ee 13,800.0e 25,809.0e 13,800.00 15,009.90 13,0ee.e9 25,e9e.8 25,000.ee Accurulated Depreciation-Store Equipnent Office Equipment Accurulated Depreciation-Office Equipnent Nates Payable, due 2828 3,800.e 3,099.00 6,990.09 6,009.8 5,eee.80 s,000.ee s, e0e.e0 1, 509.0 1,12s.80 2,625.e9 2,625.88 20,000.e8 2,785.e 20,009.ee 2,785.00 500.00 20,000.00 2, 705.00 Mages Payable Social Security Tax 1.00 31.09 Unearned Sendnar Fees 6,880.99 4,8e9.e0 2,808.e0 100.00 2, 709.ee st Payable 2,000.00 109.00 ncent Arrayo, Capital Vincent Arroyo, Draing Incone Surnary Sales Sales Discounts Seninar Fea Incone Purchases Purchases Returns and 2,780.80 32, 78e. e0 14,118.00 14,110.00 14,11e.ee 15,869.00 13,0.e0 15,0.ee 13,e0a.00 1s, eee.8e 13,000.80 153,970.ee 153,97e.e8 153,97.00 200.8e 200.00 4,009.8e 4,808.8e 91,eee.ea 91,e0e.0e 91,009.08 1,080.e 1,000.00 Freig 225.00 13,2 ,00 24,eve.00 , 324.0 13,200.ee 24, 50e.ee 3,362.25 13, 288.88 3,362.2S a,eee.ea 1,125.0e 24, Se.8 Payroll Taxes Expense Deprectation Expense-Store Equipnent Depreciation Expense-Office Equipnent ,000.ee ,900.ee 1, 125.00 1,125.00 L6e.ae 40.0 Supplies Expense Interest Exponse Totals Net 220, 875.02 $229,875.00 337,863.25 $37,063.25 5238,638.25 $238,638.2s SS2, 162.21,970.00 $86,476.00 $66.668.25 19, 7,75 $171,970,00 3171,970.80 586,476,00 586 476.80 s cis sures income sostemt-forth, rea, ended December 3t 20s. The sameny does not esaty na eeereeg 2. Prepere s aement of owner's equy for the yeer ended Decemb 3t. 2019 No sdesona nvestmets wiere made during the 3. Prie
