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These financial statement items are for Cullumber Company at year-end, July 31,2022. Equipment 16,120 Accounts payable 4,400 Service revenue 67,700 Rent revenue 10,400 Notes payable
These financial statement items are for Cullumber Company at year-end, July 31,2022. Equipment 16,120 Accounts payable 4,400 Service revenue 67,700 Rent revenue 10,400 Notes payable (due in 2025) 3,700 Common stock 16,000 Cash 37,280 Accounts receivable Accumulated depreciation-equipment 8,000 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 36,000 amounts using elther a negative sign preceding the number eg. 45 or porentheses eg (45).) $ $ I Prepare a retained earnings statement for the year. Cullumber Company did not issue any new stock during the year. Prepare a classified balance sheet at July 31 . (Lst Current Assets in order of lliquidity) $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ $
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