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The following accounts are from the accounting records of Herman Industries as of December 31, 2019. Herman had retained earnings on January 1, 2019 of
The following accounts are from the accounting records of Herman Industries as of December 31, 2019. Herman had retained earnings on January 1, 2019 of $500,000. a. Identify the appropriate accounts and prepare a Balance Sheet using Microsoft Excel
Capital Stock Depreciation Expense Merchandise Inventory Cash Rent expense Land Machinery Corner bank loan Accounts payables $500,000 25,000 1,000 5,800 2,400 1,000,000 138,000 440,000 40,000 Accumulated depreciation Building Revenue Income tax expense Dividends as of 12/31/19 Accounts receivables Furniture Clerical expense $250,000 1,250,000 1,028,100 700 300,000 3200 12,000 20,000
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