Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Business Financial Balance Sheet

Based on the financial information below, prepare an income statement and a balance sheet for Joe’s-Fly-by-Night Oil company for the year ended December 31, 2012.  Unless otherwise indicated, assume all information below is either for the year 2012 or as of December 31, 2012.

Accounts receivable………………………………….. $3,000

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!

OUR PROCESS

Order

Payment

Writing

Delivery

Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality

Accumulated depreciation…………………………… $12,000

Cost of goods sold…………………………………… $4,000

Income tax expense…………………………………..  $1,000

Cash………………………………………………….. $5,000

Sales………………………………………………….. $10,000

Equipment (gross)……………………………………. $27,000

Selling, general, & administrative expenses…………. $3,000

Common stock (1,000 shares)…………………………  $7,000

Accounts payable……………………………………. $17,000

Retained earnings……………………………………. $13,000

Interest expense………………………………………  $200

Inventory…………………………………………….. $17,000

Long-term debt……………………………………….  $3,000

Dividends declared and paid………………………… $600

“Order a similar paper and get 15% discount on your first order with us
Use the following coupon
“FIRST15”

Order Now