[NDB]

Trial balance appears as follows on Nov 30. 20XX

Accounts payable $32310 Land $85000
Accounts recievable 13770 Merchandise inventory 34360
Accumilated amoritization- 61200 Mortgage payable 155000
Building
Prepaid Insurance 4500
Property tax expense 3500
Accumilated amortization- 19880 property tax payable 3500
Equipment

Amortization expense 14000 Purchases 630700
Building 175000 Purchase discounts 12000
Cash 8500 purchase returns and allowences 3315
Common shares 56000 retained earnings 40800
Dividends 5000 salaries expense 122000
Equipment 57000 salaries payable 8500
Freight in 5060 sales 849000
Freight out 8200 sales discounts 15000
Income tax expense 4000 sales returns and allowences 10000
Insurance 9000 Unearned sales revenue 3000
Interest expense 11315 utilities expense 19600

Additional info
Xxxxx uses a perodic inventory system
A physical inventory count determinedthat merchandise inventory on Nov 30 20XX was $37350

Instructions
Prepare a statement of earnings, statement of retained earning and a balance sheet for the year.

[haider78605]

Make it yourself then it may be checked