Question
You are provided with the following information forBramble Corp., effective as of its April 30, 2017, year-end. Accounts payable$904 Accounts receivable970 Accumulated depreciationequipment670 Cash1,430 Common
You are provided with the following information forBramble Corp., effective as of its April 30, 2017, year-end.
Accounts payable$904
Accounts receivable970
Accumulated depreciationequipment670
Cash1,430
Common stock1,380
Cost of goods sold1,130
Depreciation expense265
Dividends395
Equipment2,580
Income tax expense235
Income taxes payable205
Insurance expense280
Interest expense470
Inventory1,127
Land3,260
Mortgage payable3,660
Notes payable221
Prepaid insurance130
Retained earnings (beginning)1,600
Salaries and wages expense630
Salaries and wages payable292
Sales revenue5,260
Stock investments (short-term)1,290
Make a income statement forBramble Corp.for the year ended April 30, 2017.
Make a retained earnings statement forBramble Corp.for the year ended April 30, 2017.(List items that increase retained earnings first.)
Make a classified balance sheet forBramble Corp.as of April 30, 2017.(List current assets in order of liquidity.)
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