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Short-Term Notes Payable 300 Retained Earnings 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net working Capital @ 2018 year $392 Rention ratio 70% A. Prepare the 2018 balance sheet, income statement and statement of retained earnings. Insert sub-totals/totals (total currnet and assets etc.)

Short-Term Notes Payable 300 Retained Earnings 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net working Capital @ 2018 year $392 Rention ratio 70% A. Prepare the 2018 balance sheet, income statement and statement of retained earnings. Insert sub-totals/totals (total currnet and assets etc.)

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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2018 year-end values for Bert Company Accounts payable Account receivable 1260 Cash 865 Common Stock 8800 Cost of goods sold Depreciation expense 4673 1590 Net property Plant & Equipment 16085 Interest Expense 312 Inventory 2888 Long-Term Debt Short-Term Notes Payable 5000 300 Retained Earnings 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net working Capital @ 2018 year $392 Rention ratio 70% A. Prepare the 2018 balance sheet, income statement and statement of retained earnings. Insert sub-totals/totals (total currnet and assets etc.)
Transcribed Image Text:2018 year-end values for Bert Company Accounts payable Account receivable 1260 Cash 865 Common Stock 8800 Cost of goods sold Depreciation expense 4673 1590 Net property Plant & Equipment 16085 Interest Expense 312 Inventory 2888 Long-Term Debt Short-Term Notes Payable 5000 300 Retained Earnings 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net working Capital @ 2018 year $392 Rention ratio 70% A. Prepare the 2018 balance sheet, income statement and statement of retained earnings. Insert sub-totals/totals (total currnet and assets etc.)
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