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Given the following information, prepare an Income Statement, a Retained Earnings Statement, and a Classified Balance Sheet for Einstein Company. Cash Short-Term Investments Accounts Receivable Inventory Other Current Assets Property, Plant, and Equipment Other Long-Term Assets Accounts Payable Notes Payable (due in 90 days) Accrued and Other Current Liabilities Long-Term Debt Other Long-Term Liabilities Common Stock Revenue/Sales Cost of Goods Sold Learning Case #2A Chapter 2 Operating Expenses Income Tax Expense Retained Earnings, Beginning Dividends $13,911 $18 $12,454 $6,877 $10,074 $6,451 $27,532 $10,223 $1,831 $19,406 $3,392 $5,289 $20,518 $86,766 $66,440 $16,783 $1,145 $18,260 $4,000

Given the following information, prepare an Income Statement, a Retained Earnings Statement, and a Classified Balance Sheet for Einstein Company. Cash Short-Term Investments Accounts Receivable Inventory Other Current Assets Property, Plant, and Equipment Other Long-Term Assets Accounts Payable Notes Payable (due in 90 days) Accrued and Other Current Liabilities Long-Term Debt Other Long-Term Liabilities Common Stock Revenue/Sales Cost of Goods Sold Learning Case #2A Chapter 2 Operating Expenses Income Tax Expense Retained Earnings, Beginning Dividends $13,911 $18 $12,454 $6,877 $10,074 $6,451 $27,532 $10,223 $1,831 $19,406 $3,392 $5,289 $20,518 $86,766 $66,440 $16,783 $1,145 $18,260 $4,000

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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Given the following information, prepare an Income Statement, a Retained Earnings Statement, and a Classified Balance Sheet for Einstein Company. Cash Short-Term Investments Accounts Receivable Inventory Other Current Assets Property, Plant, and Equipment Other Long-Term Assets Accounts Payable Notes Payable (due in 90 days) Accrued and Other Current Liabilities Long-Term Debt Other Long-Term Liabilities Common Stock Learning Case #2A Chapter 2 Revenue/Sales Cost of Goods Sold Operating Expenses Income Tax Expense Retained Earnings, Beginning Dividends $13,911 $18 $12,454 $6,877 $10,074 $6,451 $27,532 $10,223 $1,831 $19,406 $3,392 $5,289 $20,518 $86,766 $66,440 $16,783 $1,145 $18,260 $4,000
Transcribed Image Text:Given the following information, prepare an Income Statement, a Retained Earnings Statement, and a Classified Balance Sheet for Einstein Company. Cash Short-Term Investments Accounts Receivable Inventory Other Current Assets Property, Plant, and Equipment Other Long-Term Assets Accounts Payable Notes Payable (due in 90 days) Accrued and Other Current Liabilities Long-Term Debt Other Long-Term Liabilities Common Stock Learning Case #2A Chapter 2 Revenue/Sales Cost of Goods Sold Operating Expenses Income Tax Expense Retained Earnings, Beginning Dividends $13,911 $18 $12,454 $6,877 $10,074 $6,451 $27,532 $10,223 $1,831 $19,406 $3,392 $5,289 $20,518 $86,766 $66,440 $16,783 $1,145 $18,260 $4,000
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