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Using the attached adjusted trial balance, prepare the income statement, retained earnings statement and balance sheet. Campin Inc. Adjusted Trial Balance 12/31/21 Credit $ $
Using the attached adjusted trial balance, prepare the income statement, retained earnings statement and balance sheet.
Campin Inc. Adjusted Trial Balance 12/31/21 Credit $ $ Debit 3,389,000 3,100,000 $ 491,250 $ $ $ 1,262,500 4,500,000 $ 1,575,000 $ 850,000 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Inventory Equipment Accumulated Depreciation - Equipment Building Accumulated Depreciation - Building Land Accounts Payable Salaries Payable Mortgage Payable Long-Term Debt Common Stock - Par $0.01 APIC Retained Earnings $ 292,500 $ 1,100,000 $ $ $ $ $ $ V V V V v v 775.000 50.000 1,370,000 2,175,000 6.000 2.994,000 265,000 $ 9.825,000 Sales Revenue COGS Salary Expense $ $ 3,937,500 616,000 Bad Debt Expense Insurance Expense Depreciation Expense - Equipment Depreciation Expense - Building Interest Expense - Mortgage Interest Expense - Long-Term Debt | 00|0 $ $ $ $ $ $ $ 481,250 100.000 225,000 42,500 40,000 175,000 19,818,750 $ 19,818,750Step by Step Solution
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