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The following are the information for Chun Equipment Co. for 2018. (Hint: Some of the items will not appear on either statement, and ending retained
The following are the information for Chun Equipment Co. for 2018. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) $121,290 Interest receivable (short term) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accum Notes payable (long term) Salvage value of equipment Interest payable (short term) Uncollectible accounts expense Supplies Office equipment Interest revenue Sales revenue Dividends Rent expense 500 52,500 Beginning retained earnings 17,940 Operating expenses 51,195 87,930 (101,710) 13,690 53,600 20,270 162,250 62,640 30,570 12,780 55,690 179,695 112,030 6,880 Cash flow from investing activities ulated depreciation 33,600 Prepaid rent 125,530 Land 6,790 Cash 3,230 Inventory 13,950 Accounts payable 2,990 Interest expense 77,530 Salaries payable 6,230 Unearned revenue 501,940 Cost of goods sold 12,700 Accounts receivable 5,280 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018
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