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The following information is available from the accounting records of Horizon Company for the year ended March 31, 2019 Treasury stocks.. Administrative expense. Notes payable
The following information is available from the accounting records of Horizon Company for the year ended March 31, 2019 Treasury stocks.. Administrative expense. Notes payable ($45,000 is to be repaid within a year) Accounts receivables.. Retained eamings. Merchandise inventory Interest revenue. Marketable securities. Land.. $100,000 1,795,000 747,000 564,000 199,000 620,000 25,000 705,000 889,000 1,110,000 1,000,000 495,000 8,313,000 770,000 20,000 4,770,000 40,000 1,225,000 10,000 323,000 23,000 Furniture and Equipment Bond payable (maturity date 09/30/2035).. Accumulated depreciation-Furniture & equipment Net Sales Accounts payable.. Income taxes.. Cost of goods sold. Dividend declared and paid... Selling Expense.... Payroll tax payable Cash..... Allowance for bad debt. Prepaid insurance... Unearned revenue. Common Stock, $1 par value. Interest expense...... Research and development expense. Additional paid-in capital .... 36,000 50,000 370,000 80,000 373,000 648,000 Required: Use Microsoft Excel to prepare the following financial statements for Horizon Company: a. Multiple-step income statement for the year ended March 31, 2019 b. Statement of changes in stockholders' equity for the year ended March 31, 2019 c. Balance sheet as of March 31, 2019
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