Reference no: EM132984662
The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books, which are found in the following adjusted trial balance:
Problem 1.) Prepare the multi-step income statement. They do not have to calculate income tax.
Problem 2.) Prepare the capital statement (statement of owner's equity).
Problem 3.) Prepare the balance sheet. (classified statement).
Account title Ref. Debit Credit
Cash $17,560
Account Receivable 18,065
Supplies 60,500
Building 180,000
Acc. Depreciation-Building $22,000
Equipment 45,600
Acc. Depreciation-Equipment 5,800
Account Payable 29,200
Salary Payable 3,500
Interest Payable 1,000
Unearned Sales Revenue 7,000
Note Payable, Long Term 85,000
J. Ayala, Capital 180,000
J. Ayala, Withdrawals 5,000
Sales Revenue 150,000
Sales Discounts 6,200
Sales Return and Allowances 7,600
Cost of Goods Sold 102,000
Selling Expense 18,400
General Expense 20,075
Interest Expense 2,500
Total 483,500 483,500