For the month ending on June 01, 2011. Prepare a classified balance sheet, a multi-step...
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Accounting
For the month ending on June 01, 2011. Prepare a classified balance sheet, a multi-step incomestatementand statement of retained earnings. Use good form and proper headings.
Account
Debit
Credit
Cash
$1200
Accounts receivable
1,600
Inventory
1,100
Land
50,900
Buildings &equipment
600
Prepaid Insurance
10,125
Accounts payable
$2800
Unearned revenue
52,600
Notes payable (long term)
13,000
Common Stock
2,00
Retained earnings
600
Sales
145
Cost of Goods Sold
3,000
SG&A expense
120
Interest expense
220
Tax expense
700
$69,345
$69,345
FFR Company
Income Statement
FFR Company
Retained Earnings
FFR Company
Balance Sheet
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