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prepare statement of comprehensive income

Manual Accounting System itstanding as of January 1). The company's accounting system includes a General journal, Accounts receivable subsidiary ledger, and Accounts payable subsidiary ledger itrs, a wholesale-retail boating distributor is duthorized capitalization of 400,000 shares of s5.00 par value common storc corporated in the State of New k (1000 shares The transactions and accounting records in this set have been select s in an accounting system. While almost all companies emp systems, this set is initially structured around a manual system student learning. ed to give the student an understanding of mploy computerized account with only one journal to permit maximum The company recogn hough you do not have to calculate inventory The pos end) was as follows Account Account Name izes one month's depreciation in the month that an asset is purchased or sold. Even , we will assume FIFO is used. Boating Distributors as of December 31 (which was the year- t-closing trial balance of YourName Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Investments (available-for-sale) Office and Store Supplies Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation Office Equipment Warehouse Storage Equipment Accumulated Depreciation Warehouse Equipment Accounts Payable Interest Payable Employees' Federal Income Taxes (withhold) Payable FICA Taxes Payable Short-term Notes Payable (Galindo City Bank, 60-day, 12 percent, dated (December 1) Common Stock (par $5.00) Additional Paid in Capital Accumulated Other Comprehensive Income Retained Earnings Totals $25,000 36,000 S 400 11,500 900 3,000 22,000 6,000 35,000 8,000 20,000 100 600 500 10,000 5,000 40,000 118,800 210,900 $210,900 Manual Accounting System itstanding as of January 1). The company's accounting system includes a General journal, Accounts receivable subsidiary ledger, and Accounts payable subsidiary ledger itrs, a wholesale-retail boating distributor is duthorized capitalization of 400,000 shares of s5.00 par value common storc corporated in the State of New k (1000 shares The transactions and accounting records in this set have been select s in an accounting system. While almost all companies emp systems, this set is initially structured around a manual system student learning. ed to give the student an understanding of mploy computerized account with only one journal to permit maximum The company recogn hough you do not have to calculate inventory The pos end) was as follows Account Account Name izes one month's depreciation in the month that an asset is purchased or sold. Even , we will assume FIFO is used. Boating Distributors as of December 31 (which was the year- t-closing trial balance of YourName Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Investments (available-for-sale) Office and Store Supplies Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation Office Equipment Warehouse Storage Equipment Accumulated Depreciation Warehouse Equipment Accounts Payable Interest Payable Employees' Federal Income Taxes (withhold) Payable FICA Taxes Payable Short-term Notes Payable (Galindo City Bank, 60-day, 12 percent, dated (December 1) Common Stock (par $5.00) Additional Paid in Capital Accumulated Other Comprehensive Income Retained Earnings Totals $25,000 36,000 S 400 11,500 900 3,000 22,000 6,000 35,000 8,000 20,000 100 600 500 10,000 5,000 40,000 118,800 210,900 $210,900

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