coopertown - $4,400 prepaid insurance $9,500 land $100,000...

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Prepare Financial Statements from Adjusted Trial Balance Worksheet The adjusted balances taken from the general ledger of Coopertown Suppliers, Inc. is listed below in general ledger order. Transfer these accounts and balances to a spreadsheet worksheet and prepare an Income statement, Balance Sheet, and Statement of Retained Earnings all in good form using proper headings for each statement. Please submit your excel spreadsheet. Coopertown Suppliers, Inc. DR CR cash $12,950 accounts receivable $28,150 supplies
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Unformatted text preview: $4,400 prepaid insurance $9,500 land $100,000 buildings $360,000 equipment $260,000 accumulated depreciation - equipment $269,900 accounts payable $33,300 salaries payable $33,00 common stock $1,500 retained earnings $427,600 dividends $25,000 service fees $475,000 rent revenue $5,000 salaries expense $340,600 depreciation expense $25,100 supplies expense $10,950 insurance expense $3,000 miscellaneous selling and admin expense $30,850 utilities expense $5,100 Total $1,215,60 $1,215,600...
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  • Spring '10
  • J.KHowel
  • Generally Accepted Accounting Principles, Coopertown Suppliers, Depreciation Expense Supplies, Coopertown Suppliers, Inc., admin expense utilities

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