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Weber Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding Weber
Weber Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding Weber Inc. and its activities during 2015 follow in (a) through (f): a. Assume all accounts have normal balances. b. $5,000 of the long-term notes payable will be paid during 2016 c. Equipment was sold for cash of $55,100. d. Old machinery was sold for cash of $14,000. New machinery was purchased for $49,000 cash. e. Share capital was issued for cash. f. Cash dividends were declared and paid. Using the information provided, prepare a statement of changes in equity, a classified balance sheet, and a statement of cash flows (using the indirect method) for the year ended December 31, 2015. (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one) Weber Inc. Adjusted Trial Balance December 31 Account 2015 2014 Accounts Payable 55,520 49.000 Accounts Receivable, 121,500 96,375 Accumulated Depreciation, Equipment 4,000 36,000 Accumulated Depreciation, Machinery. 8,500 96,000 Allowance for Doubtful Accounts. 11,500 6,375 Depreciation Expense, Equipment 8,500 8,500 Depreciation Expense, Machinery.. 13,800 13,800 Cash 210,640 165,000 Cash Dividends. 33,000 33,000 Equipment 31,500 125,000 Machinery. 76,700 144,000 Merchandise Inventory. 29,570 27,000 Long-term Notes Payable. 47.610 54,000 Other Expenses (including losses). 630,000 15,000 Retained earnings. 57,000 59,000 Revenues (including gains).. 684,300 68,300 Share capital 259,000 229,000 Unearned Revenue 27,780 30,000 XX 1 1 1 1 (select one) Statement of Cash Flows (select one) X X X X X
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