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INTRODUCTION TO BUSINESS: CHAPTER 17 PREPARING FINANCIAL STATEMENTS HOMEWORK ASSIGNMENT fant for Wheatley International, it...

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INTRODUCTION TO BUSINESS: CHAPTER 17 PREPARING FINANCIAL STATEMENTS HOMEWORK ASSIGNMENT fant for Wheatley International, it is your job to prepare the company's income statement l balance shect. Use the accounts listed below to construct the statements. Assume that the tax rate is List of Accounts for WHEATLEY INTERNATIONAL Accounts Receivable $ 120,600 1,500,000 Notes Receivable Insurance Expenses Accounts Payable Interest Expenses Common Stock Depreciation Net Sales Ending Inventory Notes Payable (Long-Term) Beginning Inventory Retained Earnings Advertising Expense 61,200 54,000 45,000 24,600 1,896,000 400,000 1,053,000 126,600 210,000 154,800 1,450,800 90,000 180,000 15,600 316,800 1,050,000 13,800 8.400 1,066,000 90,000 60,000 Short-Term Notes Payable Merchandise Purchased (for Inventory) Rent Equipment & Vehicles Bonds Payable

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