 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Intome statements and balance sheet
I have merchandise of $27,050 cost of goods sold 171,225.
I have to adjust and post a journal entries and prepare a multiple step income statement. Statement of owners equity and a balance sheet. My balance sheet is out by 2000. The question that I have to adjust is "Unearned sales revenue of $975 is still unearned at Dec 31, 2011. On the sales that were earned, cost of goods sold was $2,000. I think this 2000 is the reason why I'm out by that much. inc. statement must be wrong. |
||||
Check out some similar questions!
Regarding balance sheet and income statements
[ 1 Answers ]
How do you find the revenue amount?
Preparing Balance Sheet and Statements
[ 2 Answers ]
1. Checkpoint: Preparing Balance Sheets and Statements • Resource: Fundamental Accounting Principles, pp. 156 and 159 • Due Date: Day 4 forum • Complete Exercises 4-4 and 4-5 on p. 159. As follow below: Exercise 4-4 Preparing a classified balance sheet
Income Statements & Balance Sheet
[ 2 Answers ]
Does Total Income + Less depreciation = Total debt? Does sales + Gain on sales of Plant Assets = net sales?
Financial statements - Multi-step, retained earnings, balance sheet
[ 7 Answers ]
Hello, This is my first time using this site but I am desperate. I am calculating some financial statements and want to make sure I have everything in the right place. I had to prepare a multi-step statement, retained earnings statement and a balance sheet. Did I do these right?:confused: ...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
