The following account balances were determined for sporting pens company as of December 31, 2021. Prepare an income statement, a statement of owners equity and a balance sheet for supporting pens company as of December 31, 2021. помеPasteA2InsertVX9 Wages Expense10 Supplies Expense11 Delivery Expense22 Equipment23 Buiulding24 Liabilities56 Revenue & Expense:7 Sales Revenue8 Cost of Goods Sold4 ▶Times New Roman V 12Draw Page LayoutB I U v12 Entertainment Expense13 Telephone And Internet Expense14 Property Tax Expense15 Repairs Expense16 Depreciation Expense17 Assets:18 Cash19 Accounts Receivable20 Prepaid Insurance21 Land25 Accounts Payable26 Income Tax Payable27 Note PayableInfo✓ fxA1 ACC 101 Fin Stat HW-Sporting Pins Co.23 The following account balances were determined for Sporting Pins Company4as of December 31, 2021VFormulas+ν Α΄ ΑνAVDataBSporting Pins CompanyIncome StatementYear Ended December, 2021$1,578,500$896,770$56,260$24,500$21,400$14,820$19,030$17,320$18,000$14,500$280,000$155,000$48,000$70,000$140,000$98,000Review$175,000$89,000$88,500SO$57,00019ViewV28 Equity29 Owner's Capital30 Owner's Withdrawals31323334 Required: Prepare an Income Statement, a Statement of Owners Equity and a Balance Sheet for Sporting Pins Compan35363738394041Autorab wrHIHMe come InsertPaste424243444546474849505152.535455ab61626364X65666735657 Gross Profit %58 Profit Margin Ration5960686970717274x234 Required: Prepare an Income Statement, a Statement of Owners Equity and a Balance Sheet for Sporting Pins Company as of December 31, 202115363738394041=lockDraw Page LayoutescTimes New Roman ✓12BIIU 8.8✓ fxAInfo!+Ready Accessibility: Investigate130:F1QVAI***N@Formulas Data Reviewν Α' Α'21-A5Sporting Pins CompanyIncome StatementYear Ended December, 2021F2VWBS#3X==三三三五80F3HEDA 69$View4888F4СVRAutomateab Wrap Text vF%5Merge & Center vF5DC V+Assets:Total AssetsLiabilitiesSporting Pins Fin Stat ExTell meTTotal LiabilitiesDebt Ration^Owners EquityTotal Liabilities & Owners Equity6GGeneral$%9F6YEB&7HSporting Pins CompanyBalance SheetDecember, 2021বর508900F7Sporting Pins CompanyStatement of Owners EquityYear Ended December, 2021U*008NCellConditional FormatFormatting as Table StylesDIIFBJ-1(9DDMF9K)00<GE1InsertGF10LموT--DelI'-P

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Description: The following account balances were determined for sporting pens company as of December 31, 2021. Prepare an income statement, a statement of owners equity and a balance sheet for supporting pens company as of December 31, 2021. помеPasteA2InsertVX9

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The following account balances were determined for sporting pens company as of December 31, 2021. Prepare an income statement, a statement of owners equity and a balance sheet for supporting pens company as of December 31, 2021.

The following account balances were determined for sporting pens company as of December 31, 2021. Prepare an income statement, a statement of owners equity and a balance sheet for supporting pens company as of December 31, 2021.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 4.1AP

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