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These financial statement items are for Pina Colada Company at year-end, July 31, 2019. Salaries and wages payable $1,500 Notes payable (long-term) $2,100 Salaries and
These financial statement items are for Pina Colada Company at year-end, July 31, 2019. Salaries and wages payable $1,500 Notes payable (long-term) $2,100 Salaries and wages expense 51,200 Cash 14,400 Utilities expense 22,900 Accounts receivable Equipment 31,100 Accumulated depreciation-equipment 9,000 6,300 3,300 3,700 Accounts payable 4,900 Dividends Service revenue Depreciation expense Rent revenue 61,800 8,400 29,900 Retained Earnings (beginning of the year) 20,700 Common Stock Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pina Colada Company Income Statement Prepare a retained earnings statement for the year. Pina Colada Company Retained Earnings Statement Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Pina Colada Company Balance Sheet Assets Liabilities and Stockholders' Equity
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