Question
Trevors company accounts information for 2019 is as follows: near-cash is $500, the amount of money that customers currently owe to the company for goods
Trevors company accounts information for 2019 is as follows: near-cash
is $500, the amount of money that customers currently owe to the company for
goods that were purchased on credit is $16,200. Inventories are worth $40,000, ac-
cumulated depreciation is 15% of total fixed assets. The firm also has reported the
holding of a treasury bond with maturity of 6 months with value of 200$. Accounts
payable and short-term bank notes are $69,000. Lands, buildings and equipment
were valued $126,000. 12-Year Debt is $22,950, common stock is $26,000 and re-
tained earnings is $26,498. Gross profit is $64,000. Fixed cash operating expenses,
variable operating expenses and depreciation are $21,000, $16,000 and $15,000 re-
spectively. Interest expenses are $6,000 and tax percentage is 50%. Additionally,
regarding stock, the paid in capital in excess of par is $19,152. On the other hand,
the cost of goods sold is a third as much as sales. Finally, the preferred stock
dividend rate is 2% for a face-value stock value of 400$.
(a) Construct the balance-sheet statement for this company.
(b) Construct the income statement for this company.
(c) Construct the retained earning statement for this company.
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