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The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Debit $31,000 240,000 5,000 48,000 355,000 Accounts Cash Accounts Receivable Prepaid Rent
The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Debit $31,000 240,000 5,000 48,000 355,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals 418,000 38,000 58,000 6,000 $1,199,000 Credit $30,000 29,000 6,000 58,000 390,000 96,000 590,000 $1,199,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare a statement of stockholders' equity for the year ended December 31,2024 , assuming no commo during 2024 . Prepare an income statement for the year ended December 31, 2024. The Decembet 31, 2024, adjusted trial batance for Coyote Corporation is presented below. Required: 1. Prepare an income statement for the year ended December 31,2024 2. Prepare a statement of stockholder's equity for the year ended Dcember 31, 2024, assuming no cormmgn stock was issued during 202.4 3. Prepare a classified balance stheet as of December 31,2024
The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Debit $31,000 240,000 5,000 48,000 355,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals 418,000 38,000 58,000 6,000 $1,199,000 Credit $30,000 29,000 6,000 58,000 390,000 96,000 590,000 $1,199,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024.
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