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(Solved by Expert Tutors) Can any one help me with income statement, retained earnings statement,


figures?


Cash - $657,165.19

Accounts Receivable $82,875

Merchandise Inventory $211,890

Investment Stock $55,535

Supplies?$375

Land $392,000

Building $ 689,000

Accumulated Dep Building $188,372

Equipment?$ 385,000

Accumulated Dep Equipment $234,600

Vehicles $49,100

Accumulated Dep Vehicles $6138.89

Shelving $100,000

Accumulated Dep Shelving $1658.38

Federal Income Tax Payable $750

FICA Payable $382.50

State Income Tax Payable $250

FUTA Payable $80

SUTA Payable $550

Sales Tax Payable $13,575

Notes Payable $97,222.22

Mortgage Payable $595,000

Dividends Payable $3325

Bonds Payable $500,000

Premium on Bonds Payable $25,000

Preferred Stock $190,000

Paid in Capital in excess or par preferred $32,000

Common Stock $304,000

Paid in Capital in excess of par common?

$157,180

Cash Dividends $13,325

Stock Dividends $14,200

Retained Earnings $290,433

Paid in Capital from sale of treasury stock $987.50

Sales $610,00p

Sales Discount $4,787

Cost of Goods Sold $502,000

Depreciation Expense $40,397.22

Wages & Salaries Expense $19,147.50

Payroll Tax Expense $1777.50

Supplies Expense $1,550

Interest Revenue $6000

 


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DATE ANSWERED

Apr 19, 2020

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