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For the month ending on June 01, 2011. Prepare a classified balance sheet, a multi-step...

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Accounting

For the month ending on June 01, 2011. Prepare a classified balance sheet, a multi-step income statement and statement of retained earnings. Use good form and proper headings.

Account

Debit

Credit

Cash

$1200

Accounts receivable

1,600

Inventory

1,100

Land

50,900

Buildings &equipment

600

Prepaid Insurance

10,125

Accounts payable

$2800

Unearned revenue

52,600

Notes payable (long term)

13,000

Common Stock

2,00

Retained earnings

600

Sales

145

Cost of Goods Sold

3,000

SG&A expense

120

Interest expense

220

Tax expense

700

$69,345

$69,345

FFR Company

Income Statement

FFR Company

Retained Earnings

FFR Company

Balance Sheet

Answer & Explanation Solved by verified expert
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