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Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare the Financial Statements: The Income Statement should be
Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare the Financial Statements: The Income Statement should be a Multi-step Income Statement The Balance Sheet is a Classified Balance Sheet in the Vertical format. (3 columns) Vacations at the Beach, Inc Adjusted Trial Balance June 31, 2021 Account Cash Accounts Receivable Inventory Office Supplies Prepaid Insurance Machine - Surf Boards Accumulated Depreciation - Machine Building Accumulated Depreciation - Building Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Debit $ $ Rubric Income Statement Statement of Owner's Equity Balance Sheet $ $ $ Sales Cost of Goods Sold Sales Salary Expense Advertising Expense Office Salary Expense Office Supplies Expense Store Supplies Expense Depreciation Expense- Machine $ $ Depreication Expense - Store (Building) $ Surfing Camp Revenue - non recurring Totals 24,750 55,750 98,500 6,250 65,000 of 5,425 2,000 $ 3,525 4,785 2,750 7,000 Credit 1,000 1,465 5,150 275 300 325 $ 1,150 $ sssss $ 1,000 3,550 7,500 $ 17,725 $ 2,000 $ 250,000 $ 1,000 $ 283,925 $ 283,925
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