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Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Goldie Company 42
Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Goldie Company 42 Fees for services performed during the year, $128.000 Accounts payable, $17,600 Accounts recevable $17,700 Miscellaneous expenses for the year. $9.500 Supplies on hand $3,500 Notes payable, $29,000 Interest expense on the note for the year. $3,700 Equipment. $94.000 Cash on hand, $12,100 Salarles expense for the year. $71,500 Supplies expense for the year $9,100 Rent expense for the year. $11.400 Common stock that has been issued. $57.000 Retained eamings at the end of the year. $23,700 a. Income statement GOLDIE COMPANY Income Stateme For the year enda poomber 31 Revenues Expenses 0 Total expenses 0 b. Classified balance sheet (Be sure to list the assets and liabilitles In order of their liquidity.) GOLDIE COMPANY Balance Sheet December 31 b. Classified balance sheet. (Be sure to list the assets and llabilitles In order of their liquidity. GOLDIE COMPANY Balance Sheet December 31 Assets Liabilities Total Liabilities 3 0 Stockholders' Equity Total Assets Total Stockholders' Equity Total Liabilities and Stockholders Equity $ $ O $ 0
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