Advertisement
Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- Download: http://solutionzip.com/downloads/reorganize-this-listing-below-into-both-a-balance-sheet/
- Reorganize this listing below into both a balance sheet (Statement of Financial Condition) and and Income Statement (Statement of the Results of Operations). Present these statements in what accountants call βGood Formβ.
- Sample Company, LLC
- 31-Dec-11 Account List
- Member Contributions 10000
- Accounts Payable 8000
- Accounts Receivable 20000
- Accumulated Depreciation 8000
- Bad Debts Expense 2000
- Bank Loan Payable 45000
- Buildings 50000
- Utilities Expense 18000
- Cash 5000
- Cost of Goods Sold 150000
- Furniture and Fixtures 10000
- Inventory 50000
- Salaries and Wages 100000
- Sales 300000
- Additional Paid in Capital 5000
- Beginning Retained Earnings 29000
- Download: http://solutionzip.com/downloads/reorganize-this-listing-below-into-both-a-balance-sheet/
Advertisement
Add Comment
Please, Sign In to add comment
Advertisement