The following are the information for Chun Equipment Co. for 2018. (Hint: Some of the...
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Accounting
The following are the information for Chun Equipment Co. for 2018. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Interest receivable (short term) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long term) 124,730 Land Salvage value of equipment Interest payable (short term) Uncollectible accounts expense Supplies Office equipment Interest revenue Sales revenue Dividends Rent expense $121,700 970 53,000 Beginning retained earnings 16,640 Operating expenses 44,872 92,350 (104,100) 51Cash flow from investinqg 5,100 activities 34,400 Prepaid rent 13,870 48,000 25,470 6, 650 Cash 3,040 Inventory 161,480 14,34 Accounts payable 62,980 3,120 Interest expense 32,220 12,400 61,830 183,292 112,760 77,870 Salaries payable 6.070 Unearned revenue 511,990 Cost of goods sold 11,300 Accounts receivable 5,030 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018
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