have an accounting homework and I need assistance. Right here is the query.
Beneath is a listing of accounts for Allied Development, LLC.
Put together an Revenue Assertion, Retained Earnings
Assertion, Labeled Steadiness Sheet, and Money Circulate Stmt
utilizing this data for the yr ended December 31,
2016.
Yr Finish
Yr Finish
2016
2015
Money
482,000
510,000
Accounts receivable
185,000
195,000
Gear
682,000
750,000
Gathered Depreciation – Equip
134,000
195,000
Constructing
9,040,000
9,802,000
Gathered Depreciation – Bldg.
1,003,000
1,877,000
Accounts payable
35,000
22,000
Bond payable ( due date 2015 )
4,927,000
4,927,000
Widespread Inventory
650,000
561,000
Dividends
88,000
Retained Earnings
???
376,000
Service Income
4,118,000
Wage expense
545,000
Lease expense
191,000
Utilities expense
37,000
Provides expense
16,000
Depreciation expense
8,000
Acquire on sale of kit
12,000
Loss on sale of constructing
35,000
Money acquired from sale of kit
???
Trace: How is achieve/ loss deter,imed?
Money acquired from sale of constructing
???
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Friday, March 30, 2018
have an accounting homework and I need help. Here is the question. B
have an accounting homework and I need help. Here is the question. B
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