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prepare a statement of net income with earnings per share

YOURNAME BOATING For month ending January 3M E MONTH OF TRANSACTIONS- A Manual Accounting Systerm YourName Boating Distributors, a wholesale-retail boating distributor is incorporated in the State of New Jersey, with an authorized capitalization of 400,000 shares of $5.00 par value common stock (. hare outstanding as of January 1). The company's accounting system includes a General joural, Accounts receivable subsidiary ledger, and Accounts payable subsidiary ledger The transactions and accounting records in this set have been the interrelationships in an accounting system. While almost all companies emp systems, this set is initially structured around a manual system with only one journal to student learning. selected to give the student an understanding of ized accounting permit maximum The company recognizes one month's depreciation i though you do not have to calculate inventory, we will a n the month that an asset is purchased or sold. Even end) was as follows: Account Account Name No. ssume FIFO is used. e of YourName Boating Distributors as of December 31 (which was the year- Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Invento Investments (available-for-sale) Office and Store Supplies Prepaid Insurance $25,000 36,000 76,000 11,500 900 3,000 Prepaid Rent Office Equipment 6,000 Accumulated Depreciation Office Equipment Warehouse Storage Equipment 35,000 Accumulated Depreciation Warehouse Equipment 8,000 20,000 Accounts Payable Interest Payable Employees' Federal Income Taxes (withhold) Payable FICA Taxes Payable 100 600 500 10,000 Srmes Pyae Gainds Ciy Bhnk 6o-day,1 prcent 5,000 dated (December 1) Common Stock (par $5.00) Additional Paid in Capital Accumulated Other Comprehensive Income Retained Earnings Totals 40,000 1,500 S210,900 $210,900 YOURNAME BOATING For month ending January 3M E MONTH OF TRANSACTIONS- A Manual Accounting Systerm YourName Boating Distributors, a wholesale-retail boating distributor is incorporated in the State of New Jersey, with an authorized capitalization of 400,000 shares of $5.00 par value common stock (. hare outstanding as of January 1). The company's accounting system includes a General joural, Accounts receivable subsidiary ledger, and Accounts payable subsidiary ledger The transactions and accounting records in this set have been the interrelationships in an accounting system. While almost all companies emp systems, this set is initially structured around a manual system with only one journal to student learning. selected to give the student an understanding of ized accounting permit maximum The company recognizes one month's depreciation i though you do not have to calculate inventory, we will a n the month that an asset is purchased or sold. Even end) was as follows: Account Account Name No. ssume FIFO is used. e of YourName Boating Distributors as of December 31 (which was the year- Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Invento Investments (available-for-sale) Office and Store Supplies Prepaid Insurance $25,000 36,000 76,000 11,500 900 3,000 Prepaid Rent Office Equipment 6,000 Accumulated Depreciation Office Equipment Warehouse Storage Equipment 35,000 Accumulated Depreciation Warehouse Equipment 8,000 20,000 Accounts Payable Interest Payable Employees' Federal Income Taxes (withhold) Payable FICA Taxes Payable 100 600 500 10,000 Srmes Pyae Gainds Ciy Bhnk 6o-day,1 prcent 5,000 dated (December 1) Common Stock (par $5.00) Additional Paid in Capital Accumulated Other Comprehensive Income Retained Earnings Totals 40,000 1,500 S210,900 $210,900

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