From the most left column of numbers, create a balance sheet and income statement.
DR
CR 13,750
DR
CR
DR
CR 13,750
Accounts payable
Accounts receivable
Accrued expenses
Accumulated depreciation: computers & copiers
Additional paid-in capital (common stock)
Bonds payable (due December 31, 2021)
Cash
Common stock (1,000 shares, $5 par value)
Cost of goods sold
Deferred income taxes
Depreciation expense: office equipment & truck
Dividends declared
Goodwill
Income tax expense
Insurance expense
Land
Merchandise inventory
Notes payable (due December 31, 2019)
Office equipment
Office supplies inventory
Office supplies expense
Preferred stock (250 shares, $20 par value)
Premium on bonds payable
Prepaid rent
Rent expense
Retained earnings (January 2018)
Salaries expense
Sales
Sales returns and allowances
Sales taxes payable
Treasury stock (100 common shares at cost)
Tueuk
Unearned revenue
Utilities expense
13,750
4,600
3,500
10,000
17,000
30,500
18,250
5,000
103,075
5,750
8,750
6,000
10,000
8,540
1,800
37,600
15,000
8,500
46,000
1,800
470
5,000
1,500
1,500
6,400
21,050
85,095
266,000
5,300
3,500
2,250
25,000
500
4,120
4,600
4,600
3,500
10,000
17,000
30,500
3,500
10,000
17,000
30,500
18,250
18,250
5,000
5,000
103,075
103,075
5,750
5,750
8,750
6,000
10,000
8,540
1,800
37,600
15,000
8,750
6,000
10,000
8,540
1,800
37,600
15,000
8,500
8,500
46,000
1,800
470
46,000
1,800
470
5,000
1,500
5,000
1,500
1,500
6,400
1,500
6,400
21,050
21,050
85,095
85,095
266,000
266,000
5,300
5,300
3,500
3,500
2,250
25,000
2,250
25,000
500
500
4,120
4,120
Total
391,550
391,550
223,550
266,000
42,450
Net Income Current Year
42,450
Control Totals
391,550
391,550
223,550
266,000
168,000
168,000