In: Accounting
how do I prepare a classified balance sheet, multiple step income statement, and retained earnings please help
Accounts payable
Accounts receivable
Accumulated depreciation - building
Allowance for uncollectible accounts
Bonds payable, due in 2029
Building
Cash
Common Stock
Cost of goods sold
current marries of long-term debt
deferred revenue
depreciation expense
discount on bonds payable
dividends
gains on sale of equipment
income tax expense
inventory
interest expense
land
note payable due 10/20
preferred stock
prepaid insurance
rent expense
sales revenue
retained earnings
treasury stock
supplies expense
short-term investments
| Multiple Income statement | ||
| For the year ended 31 Decemeber | in $ | |
| sales revenue S | XXXX | |
| Less: cost of good sold C | XXXX | |
| Gross profit S-C | XXXX | |
| Less: Operating expenses | ||
| depreciation expense | XXXX | |
| rent expense | XXXX | |
| supplies expense | XXXX | |
| Total operating expenses | XXXX | |
| Income from operations | XXXX | |
| Other Revenue/(expenses) | ||
| gains on sale of equipment | XXXX | |
| Interest expenses | -XXXX | XXXX |
| Income before taxes | XXXX | |
| income tax expense | XXXX | |
| Net Income | XXXX | |
| Statement of Retained Eranings | ||
| For the year ended 31 Decemeber | ||
| Beginning Balance of Retained Earnings | XXXX | |
| Net Income | XXXX | |
| dividends | -XXXX | |
| Ending Balance of Retained Earnings | XXXX | |
| Balance Sheet | ||
| For the year ended 31 Decemeber | ||
| Assets | ||
| Current assets | ||
| Cash | XXXX | |
| Short-term investment | XXXX | |
| Accounts Receivable | XXXX | |
| Less: Allowance for uncollectible accounts | XXXX | XXXX |
| Inventory | XXXX | |
| prepaid insurance | XXXX | |
| Total Current Assets A | XXXX | |
| Property Plant & Equipment | ||
| Land | XXXX | |
| Building | XXXX | |
| Less: Accumulated depreciation - building | XXXX | XXXX |
| Net Property, Plant & equipment B | XXXX | |
| Total Assets A+B | XXXX | |
| Liabilities & Stockholder equity | ||
| Current Liabilities | ||
| Accounst payable | XXXX | |
| current marries of long-term debt | XXXX | |
| deferred revenue | XXXX | |
| Total Current Liabilities C | XXXX | |
| Long term Liabilities | ||
| Bonds payable | XXXX | |
| Less: Discount on bonds payable | XXXX | XXXX |
| note payable | XXXX | |
| Total Long term Liabilities L | XXXX | |
| Total Liabilities T= C+L | XXXX | |
| Stockholder equity | ||
| Preferred stock | XXXX | |
| Common stock | XXXX | |
| Retained Eranings | XXXX | |
| Less: Treasury stock | -XXXX | |
| Total Stockholder equity S | XXXX | |
| Total Liabilities & Stockholder equity T+S | XXXX | |
| Dear student as the figures were not mentioned I think you want the format. | ||
| So prepared the format of all three in the required sequesnce | ||
| If any doubt please comment |