Reference no: EM133071869
Question - TABOR NURSERY AND GARDEN CENTER Chart of Accounts Balance Summary December 31, 20X2
Dividends $5,000
Miscellaneous Expenses 10,000
Nursery Revenue 650,000
Insurance Expense 9,000
Advertising Expense 15,000
Prepaid Insurance 12,000
Office Supplies 15,000
Interest Expense 15,000
Prepaid Rent 35,000
Office Supplies Expense 5,000
Accumulated Depreciation - Office Equipment 20,000
Salaries & Wages Payable 45,000
Merchandise Expense 11,000
Shop Supplies Expense 43,000
Accounts Receivable 55,000
Depreciation Expense 15,000
Accounts Payable 50,000
Common Stock 60,000
Merchandise Sales Revenue 18,000
Utilities Expense 55,000
Salaries & Wages Expense 105,000
Rent Expense 40,000
Cash 70,000
Long-Term Note Payable 125,000
Office Equipment 48,000
Inventory 125,000
Unearned Nursery Revenue 55,000
Cost of Goods Sold 310,000
Accumulated Depreciation - Shop Equipment 80,000
Retained Earnings 120,000
Shop Equipment 225,000
Required -
1) Prepare Tabor Nursery & Garden Center's December 31, 20X2 Income Statement.
2) Prepare Tabor Nursery & Garden Center's Balance Sheet Statement.
3) Prepare Tabor Nursery & Garden Center's Retained Earnings Statement.