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.