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*** Create the 3 following financial statements: (1) Multi-Step Income Statement (2) Statement of Owner's...

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Accounting

*** Create the 3 following financial statements: (1) Multi-Step Income Statement (2) Statement of Owner's Equity (3) Classified Balance Sheet ***

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The adjusted trial balance for Vandermeer Farm Supplies follows. The owner made no additional investments during the year. The data is as of 12/31/18 and for the year then ended. Credit 220 Vandermeer's Farm Supply Company Adjusted Trial Balance 12/31/2018 Debit Cash 19,600 Accounts Receivable 60,800 Allowance for Doubtful Accounts Merchandise Inventory 187,200 Supplies 7,240 Prepaid Insurance 3,160 Equipment 52,000 Accumulated Depreciation - Equipment Notes payable Accounts Payable Social Security Tax Payable Medicare Tax Payable Ken Vandemeer, Capital Ken Vandemeer, Drawing 75,000 Income Summary 181,000 Sales Sales Returns and Allowances 15,400 Purchases 487,900 Freight In 6,400 Purchases Returns & Allowances 18,800 10,500 9,700 1,490 410 271,140 187,200 778,000 9,500 6,300 Purchases Discounts Rent Expense Telephone Expense Salaries Expense Payroll Tax Expense Supplies Expense Insurance Expense Depreciation Expense - Equipment Uncollectible Accounts Expense Totals 34,800 6,340 124,140 12,700 7,600 1,660 9,100 1,220 1,293,260 1,293,260

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