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Using the account list below, create the Multiple-Step Income Statement, Statement of Retained Earnings and Classified Balance Sheet for Tennis Manufacturing, Inc. for December 31,
Using the account list below, create the Multiple-Step Income Statement, Statement of Retained Earnings and Classified Balance Sheet for Tennis Manufacturing, Inc. for December 31, 2018. **Note...the only selling expense is salaries expense. Total Assets = 417,400 Additional Paid In Capital-C/S 10,400 Depreciation Expense 4,000 Prepaid Rent 7,000 34,500 Notes Payable-due in 5 years Utilities Expense 5,100 Accumulated Depreciation-Machine 15,000 350,000 Sales Revenue Retained Earnings 40,000 Interest Payable 2,300 Interest Expense 1,200 Common Stock 14,000 Cash 207,000 Accounts Payable 42,000 Cost of Goods Sold 50,000 Unearned Revenue 8,700 Supplies Expense 5,600 Cash Dividends 8,000 Supplies 10,000 Salaries Expense 7,500 Machine 154,000 Salaries Payable 3,500 Prepaid Insurance 2,400 Rent Expense 2,500 Accounts Receivable 52,000 Income Tax Expense 4,100
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