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The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Accounts Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $20,000 185,000 5,000 37,000 300,000 407,000 27,000 47,000 5,000 $1,033,000 Credit $19,000 18,000 5,000 47,000 335,000 74,000 535,000 $1,033,000

The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Accounts Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $20,000 185,000 5,000 37,000 300,000 407,000 27,000 47,000 5,000 $1,033,000 Credit $19,000 18,000 5,000 47,000 335,000 74,000 535,000 $1,033,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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3 CO 8 h Income Statement Prepare an income statement for the year ended December 31, 2024. BADGER CORPORATION Income Statement For tt Year Ended December 31, 2024 Expenses: Income Statement Total expenses Stmt of Stockholders Balance Sheet Equity Current assets: Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. Balance at January 1 Balance at December 31 Total current assets Strit of Stockholders Balance Sheet Equity Long-term assets: Total long-term assets BADGER CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Assets Common Stock Retained Earnings Income Statement Balance Sheet December 31, 2024 Current liabilities: Total Stockholders' Equity Total liabilities Balance Sheet > Total current liabilities Long-term liabilities: Liabilities Stockholders' Equity Total stockholders' equity Che Check my wor
Transcribed Image Text:3 CO 8 h Income Statement Prepare an income statement for the year ended December 31, 2024. BADGER CORPORATION Income Statement For tt Year Ended December 31, 2024 Expenses: Income Statement Total expenses Stmt of Stockholders Balance Sheet Equity Current assets: Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. Balance at January 1 Balance at December 31 Total current assets Strit of Stockholders Balance Sheet Equity Long-term assets: Total long-term assets BADGER CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2024 Assets Common Stock Retained Earnings Income Statement Balance Sheet December 31, 2024 Current liabilities: Total Stockholders' Equity Total liabilities Balance Sheet > Total current liabilities Long-term liabilities: Liabilities Stockholders' Equity Total stockholders' equity Che Check my wor
es (Algo) Prepare financial statements from an adjusted trial balance (LO3-5) The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Debit $20,000 185,000 Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Accounts Required: Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals 5,000 37,000 300,000 407,000 27,000 47,000 5,000 $1,033,000 Credit $19,000 18,000 5,000 47,000 335,000 *** 74,000 535,000 $1,033,000 21533
Transcribed Image Text:es (Algo) Prepare financial statements from an adjusted trial balance (LO3-5) The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Debit $20,000 185,000 Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Accounts Required: Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals 5,000 37,000 300,000 407,000 27,000 47,000 5,000 $1,033,000 Credit $19,000 18,000 5,000 47,000 335,000 *** 74,000 535,000 $1,033,000 21533
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