the following of accounts was prepared for Incorporated on December Year 2account adjustments had been made for Accounts earnings 113,000 340,000 124,000 had the following Year Purchased merchandise on account for 670,000 merchandise that $510,000 for 1,070,000 on account 3. Sold for $ 335,000 cash merchandise that had cost $196,000 Sold merchandise for $ 280,000 to credit card customers The merchandise had cost $132,000 The credit card company charges 4 percent fee Collected $ 800,000 cash from accounts receivable 6. Paid $700,000 cash on accounts payable 7. Paid 163,000 cash for selling and administrative expenses Collected cash for the full amount due from the credit card company 4) Loaned $68.000 to Parks The note had an 9 percent interest rate and a one year term to Wrote off $9,300 of accounts as uncollectible 11. Made the following adjusting ) Recorded uncollectible accounts expense estimated at percent of sales on account ) Recorded seven months of accrued interest on the note at December 31, Year 3 (see 9) Required : Organize the transaction data accounts under an accounting equation Prepare an income statement statement of changes stockholders equity a balance sheet and a statement of cash flows for Year 3

The following last of accounts was prepared for Tile, Ere, Incorporated on December 31, Year 2 after all account adjustments liad been Ifiche: The, Eve had the following transactions in Year 3 . 1. Purchased merchandise on account for $670,000. 2. Sold merchandise that cost $510,000 for $1,070,000 on account. 3. Sold for 5335,000 cash merchandise that had cost 5196,000. 4. Sold merchandse for $280,000 to credit card customers. The merchandise had cost $132,000. The credit card compary charges a 4 percent fee 5. Collected $800,000 cash from accounts recetvable. 6. Paid $700,000 cash on accounts payable. 7. Paid $163,000 cash for seling and administrative expenses 8. Collected cash for the full amount due from the credit card compony (see item 4). 9. Loaned $68,000 to J. Parks. The note had an 9 percent interest rale and a one-year temi to maturity, 10. Wrote off 59,300 of accounts as uncollectible. 11. Made the following acjusting entries: (e) Recorded uncollectible accounts expense estimated at 1 percent of sales on account. (b) Recorded seven months of accrued interest on the note of December 31, Year 3 (5ee item 9 ). Requlrect: 5. Organze the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 3 Ceimblete this bierstian by emintais yunrannuens in the tabs belew. Qrganire the transaction data in acrnents ender an accoenting equation. Woter finter awy Aecinaies te arcount balances bith a mimus eiges Mot all cefls require iepu Premare an income statemant for Year 3. Required: e. Organtze the transaction data in accounts under an accounting equation. b. Prepare an income statemert, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for yeor 3. Complefe this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for Year 3. Prepare a balance sheet for Year 3 . Propore a balance sheet tor tear : Note: Be sure to list the assets in the order of their liquidity. Complete thes questinn by entering your answers in the tabs belowe. Prepare a statiment of cash flows for Year 3. Notes Amounts to be deducted and cash outflows should be indicated with a minus sign. Orpanize the transaction data in acments ander an accounting equation. Netei inter acy derreases te acrount balances mith a mimas eige, Not all cells require input. The following last of accounts was prepared for Tile, Ere, Incorporated on December 31, Year 2 after all account adjustments liad been Ifiche: The, Eve had the following transactions in Year 3 . 1. Purchased merchandise on account for $670,000. 2. Sold merchandise that cost $510,000 for $1,070,000 on account. 3. Sold for 5335,000 cash merchandise that had cost 5196,000. 4. Sold merchandse for $280,000 to credit card customers. The merchandise had cost $132,000. The credit card compary charges a 4 percent fee 5. Collected $800,000 cash from accounts recetvable. 6. Paid $700,000 cash on accounts payable. 7. Paid $163,000 cash for seling and administrative expenses 8. Collected cash for the full amount due from the credit card compony (see item 4). 9. Loaned $68,000 to J. Parks. The note had an 9 percent interest rale and a one-year temi to maturity, 10. Wrote off 59,300 of accounts as uncollectible. 11. Made the following acjusting entries: (e) Recorded uncollectible accounts expense estimated at 1 percent of sales on account. (b) Recorded seven months of accrued interest on the note of December 31, Year 3 (5ee item 9 ). Requlrect: 5. Organze the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 3 Ceimblete this bierstian by emintais yunrannuens in the tabs belew. Qrganire the transaction data in acrnents ender an accoenting equation. Woter finter awy Aecinaies te arcount balances bith a mimus eiges Mot all cefls require iepu Premare an income statemant for Year 3. Required: e. Organtze the transaction data in accounts under an accounting equation. b. Prepare an income statemert, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for yeor 3. Complefe this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for Year 3. Prepare a balance sheet for Year 3 . Propore a balance sheet tor tear : Note: Be sure to list the assets in the order of their liquidity. Complete thes questinn by entering your answers in the tabs belowe. Prepare a statiment of cash flows for Year 3. Notes Amounts to be deducted and cash outflows should be indicated with a minus sign. Orpanize the transaction data in acments ander an accounting equation. Netei inter acy derreases te acrount balances mith a mimas eige, Not all cells require input