The adjusted 2 Company at Decer resented below: Debit Credit Cash 10.500 Accounts receivable 150,000 Prepaid rent 5,000 nventory 25,000 Equipment 300.000 Accumulated depreciation-equipment 125,000 Accounts payable 30,000 Notes payable-due in three months 30,000 Salaries payable 4,000 nterest payable 9,000 Comman stock 200,000 Retained earnings Dividends Sales revenue 400,000 Costs of goods sold 180,000 Salaries expense 120,000 Rent expense Depreciation expense 15,000 30,000 interest expense 2,000 Hdvertising expense Totals 2.500 848,000 Required: (you can upload 3 files for this question) Windows buii A) Prepare an incomestatement for XYZ Company for the year ended December 31, 2021. B) Prepare a classified balance sheet for XYZ Company as of December 31, 2021
The adjusted 2 Company at Decer resented below: Debit Credit Cash 10.500 Accounts receivable 150,000 Prepaid rent 5,000 nventory 25,000 Equipment 300.000 Accumulated depreciation-equipment 125,000 Accounts payable 30,000 Notes payable-due in three months 30,000 Salaries payable 4,000 nterest payable 9,000 Comman stock 200,000 Retained earnings Dividends Sales revenue 400,000 Costs of goods sold 180,000 Salaries expense 120,000 Rent expense Depreciation expense 15,000 30,000 interest expense 2,000 Hdvertising expense Totals 2.500 848,000 Required: (you can upload 3 files for this question) Windows buii A) Prepare an incomestatement for XYZ Company for the year ended December 31, 2021. B) Prepare a classified balance sheet for XYZ Company as of December 31, 2021
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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