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

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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