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