In this exercise, you will create a monthly income statement, statement of owner's equity, and balance sheet in Excel for Deep Freeze Co. With the exception of the Alistair Rowe, Capital account (the balance for which is from 6/1/2026), the company had the following account balances as of 6/30/2026: Accounts Payable Alistair Rowe, Capital 6/1/2026 Alistair Rowe, Drawing Building Cash $1,100 $21,700 $1,600 $9,500 $14.000 Insurance Expense $2,100 Rent Revenue Sales Revenue Shipping Expense Supplies Telephone Expense Utilities Expense $2,000 $8.100 $1.000 $600 $1,800 $2,300

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Margaret Moore is the bookkeeper for Carla Vista Company. Margaret has been trying to determine the correct balance sheet for Carla Vista Company, shown as follows. Cash Assets Supplies Equipment Owner's drawings Total assets CARLA VISTA COMPANY Balance Sheet December 31, 2022 $15,000 Accounts payable Accounts receivable Owner's capital Total liabilities and owner's equity 8,000 46,000 13,000 Liabilities $82,000 $24,448 (7,567) 65,119 $82,000

The completed financial statement columns of the spreadsheet for Oriole Company are shown as follows: The completed financial statement columns of the worksheet for Oriole Company are shown as follows: Oriole Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 Cash 9,100 112 Accounts Receivable 11,000 130 Prepaid Insurance 2,800 157 Equipment 24,300 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,200 212 Salaries and Wages Payable 2,500 301 Owner's Capital 19,500 306 Owner's Drawings 11,000 400 Service Revenue 60,500 622 Maintenance and Repairs Expense 1,700 711 Depreciation Expense 2,900 722 Insurance Expense 2,000 726 Salaries and Wages Expense 29,900 732 Utilities Expense 1,500 Totals 38,000 60,500 58,200 35,700 22,500 22,500 Net Income 60,500 60,500 58,200 58,200

Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets $ 39,900 56,491 58,411 4,616 256,082 $ 33,783 $ 39,888 71,898 89,474 10,785 286,555 Cash Accounts receivable, net Merchandise inventory 97,913 125,594 10,989 Prepaid expenses Plant assets, net 310,097 $ 578,376 Total assets $ 498,600 $ 415,500 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings $ 144,016 109,822 $ 81,735 113,531 $ 54,298 91,826 163,500 105,876 163,500 161,038 163,500 139,834 Total liabilities and equity $ 578,376 $ 498,600 $ 415,500 For both the current year and one year ago, compute the following ratios: Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago, follow. For Year Ended December 31…

Quick and EZ Delivery       Income Statement       Year Ended December 31, 2018   Revenues:       Service Revenue   $192,000 Expenses:       Salaries Expense $65,000     Rent Expense 9,000     Interest Expense 7,600     Insurance Expense 2,600                       Total Expenses     Net Income       Choose from any list or enter any number in the input fields and then click Check Answer.   2 parts remaining     Clear All Final Check       Data Table Land $12,000   Common Stock $20,000 Notes Payable 34,000   Accounts Payable 9,000 Property Tax Expense 3,100   Accounts Receivable 1,300 Dividends 35,000   Advertising Expense 10,000 Rent Expense 9,000   Building 139,600 Salaries Expense 65,000   Cash 2,200…

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You are the accountant for Kamal Fabricating, Inc. and you oversee the preparation of financial statements for the year just ended 6/30/2020. You have the following information from the company’s general ledger and other financial reports (all balances are end-of-year except for those noted otherwise): Cash $9,000  Common stock 8,000  Accounts receivable 7,000  Accounts payable 2,000  Cash dividends declared for the year 2,000  Additional paid-in capital 6,000  Prepaid insurance 5,000  Prior period adjustment, net of income taxes (2,000) Unearned revenue 4,000  Retained earnings, beginning of the year 6,000  Net income for the year 9,000  Prepare the company’s Statement of Retained Earnings. Kamal Fabricating, Inc. Statement of Retained Earnings Year Ended June 30, 2020   $fill in the blank 2   fill in the blank 4   $fill in the blank 6   fill in the blank 8   $fill in the blank 9   fill in the blank 11   $fill in the blank 13

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