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The following information pertains to Eller Equipment Company for Year 1 . ( Hint: Some of the items will not appear on either statement, and
The following information pertains to Eller Equipment Company for Year Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.
Salaries expense $ Beginning retained earnings $
Common stock Warranties payable short term
Notes receivable short term Gain on sale of equipment
Allowance for doubtful accounts Operating expenses
Accumulated depreciation Cash flow from investing activities
Notes payable long term Prepaid rent
Salvage value of building Land
Interest payable short term Cash
Uncollectible accounts expense Inventory
Supplies Accounts payable
Equipment Interest Expense
Interest revenue Salaries payable
Sales revenue Unearned revenue
Dividends Cost of goods sold
Warranty expense Accounts receivable
Interest receivable short term Depreciation expense
Required
Prepare a multistep income statement for Eller Equipment Company for Year
Prepare a classified balance sheet for Eller Equipment Company for Year
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