Turn the trial balance into properly formatted financial statements statement of financial position (balance sheet) and statement of income Do not try to prepare a cash flow statement or statement of stockholders' equity, you don't have enough information Refer to early chapters in the textbook for help, the financial statements you submit must be something you'd be proud to show an investor, or a banker, or anyone else Look at a well known company's financial statements in their annual report for further guidance on formatting Your first step should be to make sure your trial balance balances (it should $0, since debits are positive and credits are negative, right ) Some may find that your trial balance is off by a few dollars If that's the case, adjust one of the accounts to make it balance It should not be off by more than $5 Cash and equivalents 26552674 Notes receivable 13276107 Accounts receivable 265525821 Allowance for bad debts 10621070 Raw materials 92934128 Work in process 199144365 Finished goods 119486804 Prepaid expenses 45139500 Deferred income taxes 23897546 Other current assets 87623410 Land 186915168 Buildings and improvements 1460392008 Machinery and equipment 3184183410 Accumulated depreciation 529422816 Patents and trademarks 650537983 Goodwill 1327629099 Other noncurrent assets 185868259 Notes payable to banks 212420471 Accounts payable 146039016 Accrued advertising 53105348 Accrued operating expenses 58415606 Accrued compensation 18586824 Other accrued expenses 54164802 Income taxes payable 23897546 Other current liabilities 7965848 Long term notes payable 1188121497 Bonds payable 265525821 Capitalized lease obligations 83247697 Deferred income taxes 105060731 Other noncurrent liabilities 39829703 Preferred stock, $10 par value 4606400 Common stock, $0 01 par value 5310720 Additional paid in capital 2414744578 Retained earnings 2387097916 Treasury stock, at cost 20728801 Sales 7719549823 Cost of goods sold 4828806282 Advertising expense 579875338 Marketing expense 393024768 Administrative expense 448436510 General expense 72573782 Research and development expense 556683496 Other technical expense 72554861 Other expense (income) 26491316 Interest expense 130009127 Interest income 5208863 Amortization of intangibles 94198427 Provision for income taxes 240454106

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Turn the trial balance into properly formatted financial statements -- statement of financial position (balance sheet) and statement of income. Do not try to prepare

Turn the trial balance into properly formatted financial statements -- statement of financial position (balance sheet) and statement of income. Do not try to prepare a cash flow statement or statement of stockholders' equity, you don't have enough information. Refer to early chapters in the textbook for help, the financial statements you submit must be something you'd be proud to show an investor, or a banker, or anyone else. Look at a well known company's financial statements in their annual report for further guidance on formatting.

Your first step should be to make sure your trial balance balances (it should = $0, since debits are positive and credits are negative, right?). Some may find that your trial balance is off by a few dollars. If that's the case, adjust one of the accounts to make it balance. It should not be off by more than $5.

Cash and equivalents	26552674
Notes receivable	13276107
Accounts receivable	265525821
Allowance for bad debts	-10621070
Raw materials	92934128
Work-in-process	199144365
Finished goods	119486804
Prepaid expenses	45139500
Deferred income taxes	23897546
Other current assets	87623410
Land	186915168
Buildings and improvements	1460392008
Machinery and equipment	3184183410
Accumulated depreciation	-529422816
Patents and trademarks	650537983
Goodwill	1327629099
Other noncurrent assets	185868259
Notes payable to banks	-212420471
Accounts payable	-146039016
Accrued advertising	-53105348
Accrued operating expenses	-58415606
Accrued compensation	-18586824
Other accrued expenses	-54164802
Income taxes payable	-23897546
Other current liabilities	-7965848
Long-term notes payable	-1188121497
Bonds payable	-265525821
Capitalized lease obligations	-83247697
Deferred income taxes	-105060731
Other noncurrent liabilities	-39829703
Preferred stock, $10 par value	-4606400
Common stock, $0.01 par value	-5310720
Additional paid-in capital	-2414744578
Retained earnings	-2387097916
Treasury stock, at cost	20728801
Sales	-7719549823
Cost of goods sold	4828806282
Advertising expense	579875338
Marketing expense	393024768
Administrative expense	448436510
General expense	72573782
Research and development expense	556683496
Other technical expense	72554861
Other expense (income)	26491316
Interest expense	130009127
Interest income	-5208863
Amortization of intangibles	94198427
Provision for income taxes	240454106