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Business
Accounting
Cash Accounts receivable Allowance for bad debts Inventory Long term investment Property, plant, and equipment Accumulated depreciation Accounts payable Accrued payables Unearned revenues Other long term liability Bonds payable Discount on bonds payable Deferred income tax Preferred stock Common stock Additional paid-in capital Retained earnings Dividends Treasury stock Operating revenues Cost of goods sold Selling and administrative expenses Depreciation expense Other expense Bad debt expense Rent expense Interest expense Income tax expense Totals $ Dr 3,755,264 2,240,000 2,880,000 697,600 3,200,000 341,440 256,000 2,432,000 3,840,000 1,600,000 320,000 512,000 28,800 640,000 283,136 192,000 23,218,240 S Cr 35,200 1,280,000 524,800 384,000 512,000 341,696 3,200,000 204,544 3,200,000 320,000 3,520,000 1,920,000 7,776,000 23,218,240

Cash Accounts receivable Allowance for bad debts Inventory Long term investment Property, plant, and equipment Accumulated depreciation Accounts payable Accrued payables Unearned revenues Other long term liability Bonds payable Discount on bonds payable Deferred income tax Preferred stock Common stock Additional paid-in capital Retained earnings Dividends Treasury stock Operating revenues Cost of goods sold Selling and administrative expenses Depreciation expense Other expense Bad debt expense Rent expense Interest expense Income tax expense Totals $ Dr 3,755,264 2,240,000 2,880,000 697,600 3,200,000 341,440 256,000 2,432,000 3,840,000 1,600,000 320,000 512,000 28,800 640,000 283,136 192,000 23,218,240 S Cr 35,200 1,280,000 524,800 384,000 512,000 341,696 3,200,000 204,544 3,200,000 320,000 3,520,000 1,920,000 7,776,000 23,218,240

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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can you help on the preperation of excel

  1. The income statement.
  2. The statement of retained earnings.
  3. The balance sheet.
  4. Ratios that can be calculated from the data presented.
Cash Accounts receivable Allowance for bad debts Inventory Long term investment Property, plant, and equipment Accumulated depreciation Accounts payable Accrued payables Unearned revenues Other long term liability Bonds payable Discount on bonds payable Deferred income tax Preferred stock Common stock Additional paid-in capital Retained earnings Dividends Treasury stock Operating revenues Cost of goods sold Selling and administrative expenses Depreciation expense Other expense Bad debt expense Rent expense Interest expense Income tax expense Totals $ Dr 3,755,264 2,240,000 2,880,000 697,600 3,200,000 341,440 256,000 2,432,000 3,840,000 1,600,000 320,000 512,000 28,800 640,000 283,136 192,000 23,218,240 $ Cr 35,200 1,280,000 524,800 384,000 512,000 341,696 3,200,000 204,544 3,200,000 320,000 3,520,000 1,920,000 7,776,000 23,218,240
Transcribed Image Text:Cash Accounts receivable Allowance for bad debts Inventory Long term investment Property, plant, and equipment Accumulated depreciation Accounts payable Accrued payables Unearned revenues Other long term liability Bonds payable Discount on bonds payable Deferred income tax Preferred stock Common stock Additional paid-in capital Retained earnings Dividends Treasury stock Operating revenues Cost of goods sold Selling and administrative expenses Depreciation expense Other expense Bad debt expense Rent expense Interest expense Income tax expense Totals $ Dr 3,755,264 2,240,000 2,880,000 697,600 3,200,000 341,440 256,000 2,432,000 3,840,000 1,600,000 320,000 512,000 28,800 640,000 283,136 192,000 23,218,240 $ Cr 35,200 1,280,000 524,800 384,000 512,000 341,696 3,200,000 204,544 3,200,000 320,000 3,520,000 1,920,000 7,776,000 23,218,240
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