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Supplies $965 Fees earned 23,850 Accounts receivable 2,580 Accounts payable 1,945 Office furniture 12,685 Rent expense 12,240 Retained earnings 3,600 Cash 4,695 Electricity expense 1,480 Common stock 12,000 Miscellaneous expenses 1,450 Dividends 5,300 Prepare an income statement. Cromwell Corp. Income Statement For the Year Ended Dec. 31, 2018 Expenses:

Supplies $965 Fees earned 23,850 Accounts receivable 2,580 Accounts payable 1,945 Office furniture 12,685 Rent expense 12,240 Retained earnings 3,600 Cash 4,695 Electricity expense 1,480 Common stock 12,000 Miscellaneous expenses 1,450 Dividends 5,300 Prepare an income statement. Cromwell Corp. Income Statement For the Year Ended Dec. 31, 2018 Expenses:

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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part 1,2, and 3 please

Prepare a statement of retained earnings. Cromwell Corp. Statement of Retained Earnings For the Year Ended Dec. 31, 2018 Subtotal Prepare a balance sheet. Cromwell Corp. Balance Sheet December 31, 2018 Assets Total Assets Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity
Transcribed Image Text:Prepare a statement of retained earnings. Cromwell Corp. Statement of Retained Earnings For the Year Ended Dec. 31, 2018 Subtotal Prepare a balance sheet. Cromwell Corp. Balance Sheet December 31, 2018 Assets Total Assets Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity
Cromwell Corporation has the following trial balance account balances, given in no certain order, as of December 31, 2018. Using the information provided, prepare Cromwell's annual financial statements (omit the Statement of Cash Flows). Supplies $965 Fees earned 23,850 Accounts receivable 2,580 Accounts payable 1,945 Office furniture 12,685 Rent expense 12,240 Retained earnings 3,600 Cash 4,695 Electricity expense 1,480 Common stock 12,000 Miscellaneous expenses 1,450 Dividends 5,300 Prepare an income statement. Cromwell Corp. Income Statement For the Year Ended Dec. 31, 2018 $ Expenses: Total Expenses
Transcribed Image Text:Cromwell Corporation has the following trial balance account balances, given in no certain order, as of December 31, 2018. Using the information provided, prepare Cromwell's annual financial statements (omit the Statement of Cash Flows). Supplies $965 Fees earned 23,850 Accounts receivable 2,580 Accounts payable 1,945 Office furniture 12,685 Rent expense 12,240 Retained earnings 3,600 Cash 4,695 Electricity expense 1,480 Common stock 12,000 Miscellaneous expenses 1,450 Dividends 5,300 Prepare an income statement. Cromwell Corp. Income Statement For the Year Ended Dec. 31, 2018 $ Expenses: Total Expenses
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