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  3. use the following information available as of dece

Use the following information available as of December 31 to prepare an income statement for...

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Accounting

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Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Goldie Company.

Fees for services performed during the year, $123,000

Accounts payable, $17,800

Accounts receivable, $17,400

Miscellaneous expenses for the year, $9,000

Supplies on hand, $3,300

Notes payable, $25,000

Interest expense on the note for the year, $3,700

Equipment, $92,700

Cash on hand, $11,600

Salaries expense for the year, $71,500

Supplies expense for the year, $8,500

Rent expense for the year, $11,100

Common stock that has been issued, $55,000

Retained earnings at the end of the year, $27,200

b. Classified balance sheet. (Be sure to list the assets and liabilities in order of their liquidity.) GOLDIE COMPANY Balance Sheet December 31 Liabilities Assets Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets

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