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The following information was gathered for BBB, Inc. for 2020. The amounts are for the year ended December 31, 2020 or as of that date
The following information was gathered for BBB, Inc. for 2020. The amounts are for the year ended December 31, 2020 or as of that date except for the Beginning Retained Earnings which is given for the beginning of 2020. Complete an Income Statement, Statement of Owners Equity and Balance Sheet.
Revenue | $63,902 |
Cost of goods sold | 40,523 |
Selling expenses | 9,600 |
Beginning Retained earnings | 7,627 |
Inventory | 3,212 |
Accounts payable | 5,183 |
Fixtures and equipment | 5,101 |
Accounts Receivable | 17,203 |
Accrued liabilities | 1,471 |
Cash | 1,500 |
Prepaid Expenses | 810 |
Capital stock | 1,007 |
Income tax expense | 845 |
Land and buildings | 1,002 |
Long-term debt | 853 |
Interest expense | 829 |
Short-term debt | 565 |
Salaries payable | 256 |
Dividends paid | 150 |
Utilities expense | 89 |
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