d Prepare a multiple step income statement and a retained earnings statement

D prepare a multiple step income statement and a

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(d)Prepare a multiple-step income statement and a retained earnings statement for the year, and a classified balance sheet at December 31, 2012.
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Name: Peter Markovchick Date: 09/30/15 Instructor: Ingalls Course: BUA 201 CUSTOMER CHOICE WHOLESALE COMPANY Balance Sheet December 31, 2014 Assets Current assets Cash $31,400 Accounts Receivable 37,600 Inventory 70,000 Total Current Assests $139,000 Property Plant and Equipment Land $92,000 Buildings $200,000 Less: Accumulated Depreciation 68,000 132,000 Equipment 83,500 Less: Accumulated Depreciation 47,500 36,000 260,000 Total Assets $399,000 Liabilities and Stockholders’ Equity Current liabilities Accounts Payable $17,500 Income Tax Payable 24,000 Notes Payable Next Year 15,000 Interests 4,500 Total Current Liabilities $61,000 Long Term Liabilites Notes Payable 54,700 Total Liabilities 115,700 Stock Holders Equity Common Stock 160,000 Retained Earnings 138,300 Total Stockholder's Equity 298,300 Total Liabilites and Stockholder's Equity $414,000
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