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Please provide assistance on the attached  Financial Statementsquestion

Please provide assistance on the following assignment with these instructions; No coping information from other prior written papers
No Plagiarism Financial Statements
Deliverable:
MS Excel Spreadsheet/s
Directions:
The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services, Inc. are listed below in
general ledger order.
Coopertown Suppliers, Inc.
Cash
Accounts receivable
Supplies
Prepaid insurance
Land
Buildings
Equipment
Accumulated depreciation
Accounts payable
Salaries payable Taxes payable
Common stock
Additional paid-in capital –
Common
Retained earnings
Dividends
Service revenue
Salaries expense
Depreciation expense
Supplies expense
Insurance expense
Miscellaneous expense
Utilities expense
Total DR
$12,950
28,150
8,400
9,500
115,000
360,000
260,000 CR $239,900
35,300
7,300 5,200
31,500
15,400
427,600
25,400
475,000
335,600
25,100
12,950
8,200
30,850
5,100
$1,237,200 $1,237,200 Transfer these accounts and balances to a spreadsheet worksheet and prepare an income statement, a classified
balance sheet, and a statement of retained earnings, all in good form using proper headings for each statement. Note
that Cooperstown is a service company so there is no cost of goods sold in its chart of accounts. Also, assume that
all the liabilities are current liabilities. Keep in mind that you should not report any accounts without balances in
your statements.

 


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This question was answered on: Sep 05, 2019

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