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Business
Accounting
Accounts Receivable Prepaid Insurance Inventory Machinery Accumulated Depr - Machinery Building Accumulated Depr - Building Accounts Payable Salaries Payable Unearned Income Notes Payable Preferred Stock Common Stock Dividends Retained Earnings Merchandise Sales Merchandise Accessories Salaries Expense Depreciation Expense - Mach Depreciation Expense - Bldg Insurance Expense Internet Expense Totals Required: Prepare an Income Statement 13,290 400 13,760 15,300 3,060 69,500 1,000 12,830 3,060 13,900 4,000 730 193,270 13,900 2,390 1,540 1,300 18,000 10,000 15,000 3,650 90,230 34,200 193,270

Accounts Receivable Prepaid Insurance Inventory Machinery Accumulated Depr - Machinery Building Accumulated Depr - Building Accounts Payable Salaries Payable Unearned Income Notes Payable Preferred Stock Common Stock Dividends Retained Earnings Merchandise Sales Merchandise Accessories Salaries Expense Depreciation Expense - Mach Depreciation Expense - Bldg Insurance Expense Internet Expense Totals Required: Prepare an Income Statement 13,290 400 13,760 15,300 3,060 69,500 1,000 12,830 3,060 13,900 4,000 730 193,270 13,900 2,390 1,540 1,300 18,000 10,000 15,000 3,650 90,230 34,200 193,270

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Roswell Company is developing its annual financial statements for December 31, 2022. Roswell Company Adjusted Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Inventory Machinery Accumulated Depr - Machinery Building Accumulated Depr - Building Accounts Payable Salaries Payable Unearned Income Notes Payable Preferred Stock Common Stock Dividends Retained Earnings Merchandise Sales Merchandise Accessories. Salaries Expense Depreciation Expense - Mach Depreciation Expense - Bldg Insurance Expense Internet Expense Totals Required: Prepare an Income Statement 45,500 13,290 400 13,760 15,300 3,060 69,500 1,000 12,830 3,060 13,900 4,000 730 193,270 13,900 2,390 1,540 1,300 18,000 10,000 15,000 3,650 90,230 34,200 193,270
Transcribed Image Text:Roswell Company is developing its annual financial statements for December 31, 2022. Roswell Company Adjusted Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Inventory Machinery Accumulated Depr - Machinery Building Accumulated Depr - Building Accounts Payable Salaries Payable Unearned Income Notes Payable Preferred Stock Common Stock Dividends Retained Earnings Merchandise Sales Merchandise Accessories. Salaries Expense Depreciation Expense - Mach Depreciation Expense - Bldg Insurance Expense Internet Expense Totals Required: Prepare an Income Statement 45,500 13,290 400 13,760 15,300 3,060 69,500 1,000 12,830 3,060 13,900 4,000 730 193,270 13,900 2,390 1,540 1,300 18,000 10,000 15,000 3,650 90,230 34,200 193,270
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