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Bran Velazge INTRODUCTION TO BUSINESS:CHAPTER 17 PREPARING FINANCIAL STATEMENTS HOMEWORK ASSIGNMENT re the company's income...

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Accounting

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Bran Velazge INTRODUCTION TO BUSINESS:CHAPTER 17 PREPARING FINANCIAL STATEMENTS HOMEWORK ASSIGNMENT re the company's income statement s your job to listed below to construct the statements. Assume that the Use the accounts List of Accounts for WHEATLEY INTERNATIONAL $120,600 1,500,000 61,200 54,000 45,000 24,600 1,896,000 400,000 1,053,000 126,600 210,000 154,800 1,459,800 90,000 72,000 180,000 15,600 316,800 1,050,000 13,800 Accounts Receivable Notes Receivable Insurance Expenses Interest Expenses Common Stock Net Sales Ending Inventory Beginning Inventory Advertising Expense Notes Payable (Long-Term) Retained Earnings Short-Term Notes Payable Merchandise Purchased (for Inventory) Buildings Rent Equipment&Vehicles 1,066,000 Bonds Payable 60,000

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