provide the income statement and the balance sheet
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
provide the income statement and the balance sheet
![unadjusted trial balance
adjusted trial balance
income statement
balance sheet
3
4 cash
debit
credit
debit
credit
debit
credit
debit
credit
192,780
225,780
5 accounts receivables
6 merchandise inventory
7 supplies
3 prepaid insurance
9 land
O building
1 accum. Dep- building
2 equipment
3 accum. Dep- equipment
4 accounts payable
5 mortgage payable
6 buenaflor, capital
7 buenaflor, withdrawals
8 income summary
9 sales
20 sales returns and allowances
21 sales discount
22 purchases
23 purchase discounts
24 transportation in
25 salaries expense
26 transportation out
27 advertising expense
28 interest expense
113,000
79,000
413,000
21,000
72,000
48,000
460,000
1,750,000
350,000
2,310,000
630,000
434,000
542,000
2,600,000
1,569,000
400,000
400,000
912,000
912,000
71,000
71,000
13,240
13,240
668,000
668,000
7,020
7,020
13,000
13,000
51,000
51,000
4,000
4,000
6,000
6,000
26,000
26,000
29 TOTAL
1,466,020
1,466,020
6,610,020
6,610,020](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa4e2b21b-6a3a-4360-8fb4-d7563ba2d651%2F8ca23d5e-50d7-4229-9d76-3ab9cbf68e5a%2Ftaki65j_processed.png&w=3840&q=75)
Transcribed Image Text:unadjusted trial balance
adjusted trial balance
income statement
balance sheet
3
4 cash
debit
credit
debit
credit
debit
credit
debit
credit
192,780
225,780
5 accounts receivables
6 merchandise inventory
7 supplies
3 prepaid insurance
9 land
O building
1 accum. Dep- building
2 equipment
3 accum. Dep- equipment
4 accounts payable
5 mortgage payable
6 buenaflor, capital
7 buenaflor, withdrawals
8 income summary
9 sales
20 sales returns and allowances
21 sales discount
22 purchases
23 purchase discounts
24 transportation in
25 salaries expense
26 transportation out
27 advertising expense
28 interest expense
113,000
79,000
413,000
21,000
72,000
48,000
460,000
1,750,000
350,000
2,310,000
630,000
434,000
542,000
2,600,000
1,569,000
400,000
400,000
912,000
912,000
71,000
71,000
13,240
13,240
668,000
668,000
7,020
7,020
13,000
13,000
51,000
51,000
4,000
4,000
6,000
6,000
26,000
26,000
29 TOTAL
1,466,020
1,466,020
6,610,020
6,610,020
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