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CoB 241 Fall 2021 Trial Balance to Financial Statements Homework Llama, Inc. Adjusted Trial Balance...

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Accounting

CoB 241 Fall 2021 Trial Balance to Financial Statements Homework Llama, Inc. Adjusted Trial Balance For the year ended December 31, 2021 DR CR Accounts Payable 4,220 Accounts Receivable 5,802 Accumulated Depreciation - PP&E 4,055 Advertising Expense 1,071 Allowance for Doubtful Accounts 916 Cash 20,480 Common Stock 4,425 Cost of Goods Sold 17,250 Depreciation Expense 175 Dividends 935 Gain on Sale of Land 64 Interest Expense 1,250 Interest Revenue 166 Inventory 13,798 Notes Payable (3 year note) 22,720 Property, Plant and Equipment 9,550 Rent Expense 7,185 Retained Earnings (Jan. 1) 6,820 Salaries Expense 3,120 Sales Revenue 31,675 Supplies Expense 489 Unearned Revenue (short-term) 6,900 Utilities Expense 856

81,961 81,961 No stock was issued in 2021.

Prepare a properly formatted multi-step income statement, a statement of changes in equity, and a balance sheet.

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