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The trial balance of Falcetto Company for the year ended December 31, 2019, is as follows- Account Titles Cr.(Tk.) 18,000 Cash 25,000 10,600 81,000 536,800
The trial balance of Falcetto Company for the year ended December 31, 2019, is as follows- Account Titles Cr.(Tk.) 18,000 Cash 25,000 10,600 81,000 536,800 2,500 Accounts Receivable Inventory Prepaid Insurance Equipment Owner's Drawings Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-out Advertising Expense Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Insurance Expense Interest Expense Total Falcetto Company Trial Balance December 31, 2019 Dr.(Tk.) Account Titles 14,500 Accumulated Depreciation Equipment 11,100 Notes Payable 29,000 Accounts Payable 2,500 Owner's Capital 95,000 Sales Revenue 12,000 Interest Revenue 6,700 5,000 363,400 7.600 12,000 56,000 18,000 24,000 9,000 4,500 3,600 673.900 Total 673.900 Instructions: a) Prepare a Multiple-Step Income Statement and Owner's Equity Statement for the year ended December 31, 2019. b) Prepare a Classified Balance Sheet at December 31, 2019
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