FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question 1: Cromwell Corporation has the following trial balance account balances, given in no certain order, as of December 31, 2018. Retained Earnings at January 1, 2018 was $3,600. Using the information provided, prepare Cromwell's annual financial statements (omit the Statement of Cash Flows). Supplies Fees earned $. 865 22,850 2,580 1,945 12,685 12,240 4,695 1,380 10,000 1,450 2,500 Accounts receivable Accounts payable Office furniture Rent expense Cash Electricity expense Common stock Miscellaneous expenses Dividends
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Transcribed Image Text:Question 1: Cromwell Corporation has the following trial balance account balances, given in no certain order, as of December 31, 2018. Retained Earnings at January 1, 2018 was $3,600. Using the information provided, prepare Cromwell's annual financial statements (omit the Statement of Cash Flows). Supplies Fees earned $. 865 22,850 2,580 1,945 12,685 12,240 4,695 1,380 10,000 1,450 2,500 Accounts receivable Accounts payable Office furniture Rent expense Cash Electricity expense Common stock Miscellaneous expenses Dividends
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