Winterschild Company_Financial statements
Account_tutor (Not rated)
(Not rated)
| Winterschild Company's Trial Balance at Dec. 31, 2010 | ||
| Debit | Credit | |
| Cash | $28,000 | |
| Accounts receivable | $36,800 | |
| Notes receivable | $10,000 | |
| Interest receivable | $0 | |
| Merchandize Inventory | $36,000 | |
| Prepaid insurance | $3,800 | |
| Land | $20,000 | |
| Buildings | $1,50,000 | |
| Equipment | $60,000 | |
| Patents | $9,000 | |
| Allowances for doubtful accounts | $500 | |
| Accumulated depreciation-Buildings | $50,000 | |
| Accumulated depreciation-Equipment | $24,000 | |
| Accounts payable | $27,300 | |
| Salaries and wages payable | $0 | |
| Unearned rent revenue | $6,000 | |
| Notes payable(short-term) | $11,000 | |
| Interest payable | $0 | |
| Notes payable (Long-term) | $35,000 | |
| Common stock | $1,13,600 | |
| Retained earnings | $20,000 | |
| Sales revenue | $8,80,000 | |
| Cost of goods sold | $6,30,000 | |
| Income Tax Expense | $12,000 | |
| Other Operating Expenses | $61,800 | $0 |
| Salaries Expense | $1,10,000 | $0 |
| $11,67,400 | $11,67,400 | |
| Instructions: | ||
| Prepare an income statement | ||
| Prepare a stockholder's equity statement | ||
| Prepare a balance sheet | ||
11 years ago
Winterschild Company_Financial statements
NOT RATED
Purchase the answer to view it
winterschild_company_financial_statements.xlsx
