Waterloo Manufacturing has the following income statement and balance sheet entries from the year 2021. With the information given below: A) Construct an income statement B) Construct a balance sheet.. Accounts payable Accounts receivable Accrued wages Cash Common shares Contributed capital Cost of goods sold Deferred income taxes Depreciation expense General expense GICS Income taxes Interest expense Inventories Land Accumulated depreiation Long-term bonds Mortgage Sales Plant and equipment Prepaid expenses Retained earnings Selling expenses Working capital loan 7,500.00 15,200.00 2,950.00 1,900.00 2,150.00 3,000.00 62,000.00 2,250.00 900.00 3,000.00 800.00 1,900.00 1,500.00 18,000.00 3,000.00 11,050.00 4,450.00 10,000.00 76,500.00 20,000.00 1,100.00 12,000.00 5,000.00 4,650.00
Waterloo Manufacturing has the following income statement and balance sheet entries from the year 2021. With the information given below: A) Construct an income statement B) Construct a balance sheet.. Accounts payable Accounts receivable Accrued wages Cash Common shares Contributed capital Cost of goods sold Deferred income taxes Depreciation expense General expense GICS Income taxes Interest expense Inventories Land Accumulated depreiation Long-term bonds Mortgage Sales Plant and equipment Prepaid expenses Retained earnings Selling expenses Working capital loan 7,500.00 15,200.00 2,950.00 1,900.00 2,150.00 3,000.00 62,000.00 2,250.00 900.00 3,000.00 800.00 1,900.00 1,500.00 18,000.00 3,000.00 11,050.00 4,450.00 10,000.00 76,500.00 20,000.00 1,100.00 12,000.00 5,000.00 4,650.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Waterloo Manufacturing has the following income statement and balance sheet entries from the
year 2021. With the information given below:
A) Construct an income statement
B) Construct a balance sheet..
Accounts payable
Accounts receivable
Accrued wages
Cash
Common shares
Contributed capital
Cost of goods sold
Deferred income taxes
Depreciation expense
General expense
GICS
Income taxes
Interest expense
Inventories
Land
Accumulated depreiation
Long-term bonds
Mortgage
Sales
Plant and equipment
Prepaid expenses
Retained earnings
Selling expenses
Working capital loan
7,500.00
15,200.00
2,950.00
1,900.00
2,150.00
3,000.00
62,000.00
2,250.00
900.00
3,000.00
800.00
1,900.00
1,500.00
18,000.00
3,000.00
11,050.00
4,450.00
10,000.00
76,500.00
20,000.00
1,100.00
12,000.00
5,000.00
4,650.00
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