Using the account list below, create the Multiple-Step Income Statement, Statement of Retained Earnings and...
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Accounting
Using the account list below, create the Multiple-Step Income Statement, Statement of Retained Earnings and Classified Balance Sheet for Tennis Manufacturing, Inc. for December 31, 2018. **Notethe only selling expense is salaries expense. Total Assets = 417,400
Additional Paid In Capital-C/S
10,400
Depreciation Expense
4,000
Prepaid Rent
7,000
Notes Payable-due in 5 years
34,500
Utilities Expense
5,100
Accumulated Depreciation-Machine
15,000
Sales Revenue
350,000
Retained Earnings
40,000
Interest Payable
2,300
Interest Expense
1,200
Common Stock
14,000
Cash
207,000
Accounts Payable
42,000
Cost of Goods Sold
50,000
Unearned Revenue
8,700
Supplies Expense
5,600
Cash Dividends
8,000
Supplies
10,000
Salaries Expense
7,500
Machine
154,000
Salaries Payable
3,500
Prepaid Insurance
2,400
Rent Expense
2,500
Accounts Receivable
52,000
Income Tax Expense
4,100
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