I need help with these questions and explanations. Chattahoochee Coolers' trial balance as of December 31, 2012, follows:DR2,40010,40071,2003,60024,100CRCashAccounts receivableInventoryPrepaid rentEquipmentAccumulated depreciation- equipmentAccounts payableSalary payableNote payable-long termRobert, CapitalRobert, withdrawals7,2009,00020,10056,00036,400Sales revenue192,500Cost of goods soldSalary expenseRent expenseUtilities expenseDepreciation expenseInterest expense66,00046,40014,5006,7003,100Total284.800284.800The following additional data at December 31, 2012 were provided by the company:A. Prepaid rent expired, $2,300.B. Depreciation, $4,000.C. Accrued salaries, $1,000.D. Inventory on hand, $67,900.Required:1. Complete the accounting worksheet for the year ended December 31, 2012.2. Prepare the multi-step income statement, statement of owner's equity andbalance sheet for the year.3. Prepare the closing entries for the year.

Income Statement: A financial statement which shows profitability of company over a period of time…

Required: 1. Complete the accounting worksheet for the year ended December 31, 2012. 2. Prepare the multi-step income statement, statement of owner's equity and balance sheet for the year. 3. Prepare the closing entries for the year.

Required: 1. Complete the accounting worksheet for the year ended December 31, 2012. 2. Prepare the multi-step income statement, statement of owner's equity and balance sheet for the year. 3. Prepare the closing entries for the year.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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