Ledger Trial BalanceIncome Statement of Statement Stockholders General Requireme

Question

Ledger Trial BalanceIncome Statement of Statement Stockholders General Requirement Journal Balance Sheet Analysis Equity tab E Use the dropdowns to select the accounts properly included on the classified balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. However, you will need to enter the amount of Common stock, Additional paid-in capital, Retained earnings, and Treasury stock. Post-closing ONE PRODUCT CORP Balance Sheet At January 31 0 0 0 0 0 0

Explanation / Answer

ONE PRODUCT CORP. Balance sheet as at January 31 Assets Cash 95410 Accounts Receivable 31395 Allowance for doubtfu accounts 628 30767 Inventory 1260 Vehicle 10000 Accumulated Depreciation - Vehicle 380 9620 Total Assets 137057 Liabilities and stockholders' equity Accounts Payable 4410 Sales Tax Payable 1845 FICA payable 600 Withheld Income Taxes Payable 500 Salaries and Wages Payable 3200 Unemployment Taxes Payable 100 Unearned Revenue 750 Income Tax Payable 3750 Current Liabilities 15155 Bonds Payable 90000 Discount on bonds payable 8580 81420 TotalLiabilities 96575 Stockholders' equity Common Stock 13300 Additional paid-in-capital , common stock 19210 Retained Earnings    Balanace as at January 1 795    Net income for January 8777    Balance as at January 31 9572 Treasury Stock -1600 Total stockholders' equity 40482 Total liabilities and stockholders' equity 137057

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